NOTE 34
Group as the lessee |
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Minimum lease payments under non-cancellable operating lease agreements: |
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| € million | 2010 | 2009 |
| No later than 1 year | 348.2 | 352.6 |
| Later than 1 year and no later than 5 years | 1,071.1 | 1,071.5 |
| Later than 5 years | 925.0 | 935.4 |
| Total | 2,344.3 | 2,359.5 |
| Expected future minimum lease payments under non-cancellable sublease agreements | 50.5 | 57.8 |
| Lease and sublease payments recognised for the period: | ||
| Minimum lease payments | 360.6 | 335.9 |
| Contingent rents | 0.0 | 0.5 |
| Sublease income | 26.7 | 26.3 |
The 2010 income statement includes capital and maintenance rentals on real estate under real estate operating leases, and other rentals in a total amount of €405.0 million (€381.1 million). Maintenance rentals are not included in minimum lease payments.
Kesko leases retail and logistics premises for its operating activities. Most of the leases are index-linked and in conformity with local market practice.
Minimum lease payments received under non-cancellable operating lease agreements: |
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| € million | 2010 | 2009 |
| No later than 1 year | 8.5 | 8.6 |
| Later than 1 year and no later than 5 years | 17.0 | 15.3 |
| Later than 5 years | 5.8 | 13.6 |
| Total | 31.3 | 37.5 |
| Aggregate contingent rents charged to the income statement | - | - |
Kesko leases premises to entrepreneurs other than K-retailers in order that the total service offer of a store site support its profit generation potential. Such premises typically include so-called store entrance stores at large retail outlets.