Note 19 Leases
Finance lease receivables
The receivables in respect of finance leases as at year-end 2017 were as follows:
€ million | Less than 1 year | Between 1 and 5 years | Over 5 years | Total |
As at 31 December 2017 | ||||
Future minimum lease payments | - | 1 | 3 | 4 |
Unearned finance income | - | - | -1 | -1 |
Present value of finance lease receivables | - | 1 | 2 | 3 |
The receivable relates to a heat transport connection. As at year-end 2016, Alliander had no receivables on finance leases.
Operating lease receivables
The total future minimum lease receivables from non-cancellable operating leases not shown on the face of the balance sheet are as follows:
€ million | 2017 | 2016 |
Less than 1 year | 22 | 24 |
Between 1 and 5 years | 73 | 87 |
Over 5 years | 67 | 72 |
Total as at 31 December | 162 | 183 |
At 31 December 2017, the operating leases related mainly to rental of transformers and the subleasing of two district heating networks to N.V. Nuon Warmte, part of N.V. Nuon Energy.
Lease obligations
Finance lease liabilities
€ million | Less than 1 year | Between 1 and 5 years | Over 5 years | Total |
As at 31 December 2017 | ||||
Future minimum lease obligations | 10 | 49 | 187 | 246 |
Future finance expense on finance leases | -11 | -44 | -41 | -96 |
Present value of finance lease obligations | -1 | 5 | 146 | 150 |
As at 31 December 2016 | ||||
Future minimum lease obligations | 11 | 44 | 235 | 290 |
Future finance expense on finance leases | -12 | -51 | -59 | -122 |
Present value of finance lease obligations | -1 | -7 | 176 | 168 |
Finance lease payables at year-end 2017 and year-end 2016 mainly related to an obligation in respect of two cross-border lease transactions (see note [3]). The movements in the finance lease payables in 2017 do not reflect cash flows but are made up of exchange differences totalling €18 million and other movements.
Operating lease liabilities
€ million | 2017 | 2016 |
Less than 1 year | 28 | 21 |
Between 1 and 5 years | 60 | 47 |
Over 5 years | 65 | 13 |
Total as at 31 December | 153 | 81 |
Alliander has operating lease payables in respect of buildings, spaces, telecommunication interconnections and company cars.
The following table presents the costs for the year connected with operating leases.
Operating lease costs
€ million | 2017 | 2016 |
Operating leases | 23 | 26 |
Additional services | 19 | 19 |
Total as at 31 December | 42 | 45 |
The operating leases relate to the net amounts of minimum and contingent lease payments. The additional services relate to the services of maintenance, management, fuel , insurance and so on provided in connection with these contracts.