Our results

Operating lease agreements

Group as a lessee

As at 31 December 2017 the Group’s operating lease agreements comprise mainly agreements pertaining to lease of real estate, lease of buildings and office facilities and lease of wagons. Key real estate lease agreements are concluded for long-term periods with the possibility of early termination within specified contractual deadlines. In the case of agreements which can be terminated early without additional costs, the Group presents, as future minimum leasing fees, the fees which it is obligated to pay during the termination notice period for such agreements. Increase of future minimum lease payments as at 31 December 2017 is the effect of new freight wagon lease agreements entered into by the Parent Company in 2017.

Lease payments recognized as expense of the period

Data in ths. PLN

 Year ended 31/12/2017 (audited)Year ended 31/12/2016 (audited)
Minimum lease payments126,430148,807
Payments received under sub-lease (subleasing)(2,409)(2,237)
Total124,021146,570

Future minimum lease payments under non-cancellable operating leases

Data in ths. PLN

 As at 31/12/2017 (audited)As at 31/12/2016 (audited)
Up to 1 year71,85358,249
From 1 year to 5 years66,41256,805
Over 5 years7,1437,404
Total145,408122,458