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33. Operating leases


Maturity of minimum lease payments:




EUR million 2013 2012
Less than 1 year 82.7 96.9
1–5 years 151.2 220.4
More than 5 years 54.2 63.9
Total 288.1 381.1



The income statement includes EUR 125.3 (124.9) million expenses for operating lease agreements. Itella Group has leased e.g. premises, office equipment and vehicles. The lease period for office equipment and vehicles varies between 2 and 5 years and that for premises until 10 years.


Maturity of lease payment receivables:




EUR million 2013 2012
Less than 1 year 2.2 2.2
1–5 years 0.3 0.6
More than 5 years 1.6 2.1
Total 4.2 4.9



Itella Group leases out premises in its possession. The notice period of leases generally varies between 1 and 12 months. The lease of As Oy Kirjekyyhky's site will expire in 2050.