Note 45 Lease liabilities
The payables in respect of leases as at year-end 2020 were as follows:
€ million | Less than 1 year | Between 1 and 5 years | Over 5 years | Total |
As at 31 December 2020 | ||||
Future lease payments of the on-balance lease liabilities | 14 | 27 | 2 | 43 |
Future finance expenses of the on-balance lease liabilities | 1 | -1 | - | - |
Present value of the on-balance lease liabilities | 15 | 26 | 2 | 43 |
As at 31 December 2019 | ||||
Future lease payments of the on-balance lease liabilities | 15 | 29 | 4 | 48 |
Future finance expenses of the on-balance lease liabilities | - | - | - | - |
Present value of the on-balance lease liabilities | 15 | 29 | 4 | 48 |
This relates to payables on account of leases for business premises and lease vehicles.
Besides the above lease liabilities, at year-end 2020 there is an undiscounted amount of €71 million in lease obligations to which Alliander has committed but that have not yet started, relating to buildings and lease vehicles. At year-end 2019 this was €77 million.