23. Operating leases

Notes to the Consolidated Financial Statements

23. Operating leases  

Minimum lease payments on the basis of other non-cancellable leases:

€ 000

2016

2015

Within one year

2,937 4,292

Within more than one but less than five years

8,489 3,825

After more than five years

0 931

Total

11,426

13,423
 

 

 

The Group leases all of its production facilities and office premises. The average duration of the leases is 1–5 years, and they normally include the option of extension after the original date of expiry. The Group has also leased motor vehicles on maintenance lease agreements. The normal duration of lease agreements is three years.