Annual Report 2017

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10 year overview
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8.8 Rent and leases

Non-cancellable operating leases will give rise to the following future minimum payments payable and receivable in subsequent years.

Leased properties

Future minimum lease payments payable
in EUR thousandAmounts payable
201815,628
201914,737
202011,353
202110,114
20228,556
Subsequent years187,355

In the year under review expenses from operating leases of EUR 13.7 million (EUR 11.3 million) were included in the result for the period. As part of the detailed analysis conducted in connection with the implementation of IFRS 16, two long-term land leases were identified that led to the increased non-cancellable future minimum lease payments payable.

Rented properties

Future minimum lease payments receivable
in EUR thousandAmounts receivable
201898,288
201995,104
202092,401
202184,535
202272,214
Subsequent years130,822

The rental payments receivable result principally from the long-term renting out of properties by the Group’s real estate companies.

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