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NOTE 29

Finance lease liabilities


€ million 2009 2008
The maturities of finance lease payments are as follows:    
No later than 1 year 20.9 27.2
Later than 1 year and no later than 5 years 64.5 64.0
Later than 5 years 10.9 14.1
Total minimum lease payments 96.3 105.3
   
Present value of minimum lease payments:    
No later than 1 year 17.3 22.6
Later than 1 year and no later than 5 years 57.9 56.6
Later than 5 years 10.5 13.4
Total finance lease liabilities 85.7 92.7
   
Accumulating financial expensess 10.6 12.6
   
Contingent rents for the financial year 0.1 1.5
   
Expected sublease rentals 61.5 64.4


The finance lease receivables mainly consist of store fixtures leased by Kesko Food Ltd from finance companies and subleased to chain companies. In addition, the finance leases include real estate leases with lease payments tied to interest rate.