Note 45 Lease liabilities

The lease liabilities as at year-end 2019 were as follows:

€ million

Less than 1 year

Between 1 and 5 years

Over 5 years

Total

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 lease liabilities for business premises, lease vehicles, and rental of telecommunication mast sites.

Besides the above lease liabilities, there is an undiscounted amount of €77 million in lease obligations to which Alliander has committed but that have not yet started, relating to buildings and lease vehicles.