Note 45 Lease payables
The lease liabilities as at year-end 2021 were as follows:
€ million | Less than 1 year | Between 1 and 5 years | Over 5 years | Total |
As at 31 December 2021 | ||||
Future lease payments of the on-balance lease liabilities | 17 | 42 | 49 | 108 |
Future finance expenses of the on-balance lease liabilities | - | -1 | -2 | -3 |
Present value of the on-balance lease liabilities | 17 | 41 | 47 | 105 |
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 |
This relates to payables on account of leases for business premises and lease vehicles.
Besides the above lease liabilities, there was an undiscounted amount of €3 million in lease liabilities to which Alliander had committed but that had not yet started at year-end 2021. This concerned lease vehicles. At year-end 2020 this amount was €71 million and concerned buildings and lease vehicles.