NOTE 18
| € million | 2011 | 2010 |
| Finance lease receivables are due as follows: | ||
| No later than 1 year | 21.5 | 19.6 |
| Later than 1 year and no later than 5 years | 62.0 | 51.9 |
| Later than 5 years | 15.7 | 12.4 |
| Gross investment in finance leases | 99.2 | 83.8 |
| Present value of minimum lease payments receivable: | ||
| No later than 1 year | 17.9 | 16.6 |
| Later than 1 year and no later than 5 years | 56.0 | 46.5 |
| Later than 5 years | 15.1 | 12.0 |
| Finance lease receivable | 89.0 | 75.1 |
| Unearned finance income | 10.3 | 8.7 |
The finance lease receivables consist of store fixtures owned by Kesko Food Ltd and leased to chain companies. During the lease term, the leased item is held as collateral, and after the actual lease term, the lessee may extend the lease over low-cost extension periods. The lease terms are between 3 and 8 years.