Note 19 Leases

Finance lease receivables

The receivables in respect of finance leases as at year-end 2018 were as follows:

€ million

Less than
1 year

Between
1 and 5 years

Over
5 years

Total

As at 31 December 2018

    

Future minimum lease receivables

-

2

3

5

Unearned finance income

-

-

-1

-1

     

Present value of finance lease receivables

-

2

2

4

     

As at 31 December 2017

    

Future minimum lease receivables

-

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.

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

2018

2017

Less than 1 year

23

22

Between 1 and 5 years

61

73

Over 5 years

63

67

   

Total as at 31 December

147

162

At 31 December 2018, 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 2018

    

Future minimum lease obligations

11

45

192

248

Future finance expense on finance leases

-12

-40

-37

-89

     

Present value of finance lease obligations

-1

5

155

159

     

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

Finance lease payables at year-end 2018 and year-end 2017 mainly related to obligations in respect of two cross-border lease transactions (see note [3]). The movements in the finance lease payables in 2018 do not reflect cash flows but are made up of exchange differences totalling €9 million and other movements.

Operating lease liabilities

€ million

2018

2017

Less than 1 year

20

28

Between 1 and 5 years

46

60

Over 5 years

68

65

   

Total as at 31 December

134

153

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

2018

2017

Operating leases

22

23

Additional services

22

19

   

Total as at 31 December

44

42

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.