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ANNUAL
REPORT
2018

6.3. Finance lease liabilities

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As at 31 December 2018 and 31 December 2017, the Group as a lessee had concluded finance lease agreements.

As at 31 December 2018, the main finance lease items are liabilities associated with the lease of machinery and technical equipment.

Finance lease liabilities captured in the consolidated statement of financial position:

31.12.2018 31.12.2017
Minimum leasing fees Present value of minimum lease payments Minimum leasing fees Present value of minimum lease payments
Up to 1 year 23.2 21.3 36.0 33.4
Between 1 and 5 years 21.1 19.0 36.2 33.4
TOTAL 44.3 40.3 72.2 66.8
Future financial costs for finance leases (4.0) (5.4)
PRESENT VALUE OF MINIMUM LEASE PAYMENTS 40.3 40.3 66.8 66.8
including:
long-term 19.0 33.4
short-term 21.3 33.4

 

The currency structure of the Group’s liabilities on account of finance leases, after conversion to PLN, is as follows:

31.12.2018 31.12.2017
PLN 35.0 62.9
EUR 5.3 3.9
TOTAL 40.3 66.8

Net carrying amount per each group of assets in finance leases:

31.12.2018 31.12.2017
Intangible assets 0.2 0.3
Property, plant and equipment: 41.6 61.7
Technical equipment and machinery 31.6 54.1
Other property, plant and equipment 10.0 7.6
TOTAL 41.8 62.0

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