22. Lease liabilities
Notes to the consolidated financial statements
CSR report
Due to adoption of IFRS 16 on 1 January 2019 we recognized lease liabilities in relation to leases which had previously been classified as ‘operating leases’ under IAS 17.
|
Lease payments |
Present value of lease payments |
||
|
31 December |
31 December |
||
(thousands of €) |
2020 |
2019 |
2020 |
2019 |
Lease liabilities |
|
|
|
|
Within one year |
6,772 |
6,189 |
6,401 |
5,826 |
In the second to fifth years inclusive |
20,399 |
16,320 |
19,833 |
15,783 |
After five years |
3,214 |
3,844 |
3,201 |
3,775 |
|
30,385 |
26,353 |
29,436 |
25,384 |
|
|
|
|
|
Less future finance charges |
949 |
969 |
|
|
Present value of lease obligation |
29,436 |
25,384 |
|
|
|
|
|
|
|
Less amount due for settlement within 12 months |
|
|
6,401 |
5,826 |
Amount due for settlement after 12 months |
|
|
23,035 |
19,558 |