28 – Leases Leased assets Property, plant and equipment include assets which are considered to be economically owned through a finance lease. They primarily concern the following items: (XLS:) Download Leased assets (million €) December 31, 2017 December 31, 2016 Acquisition cost Net book value Acquisition cost Net book value Land, land rights and buildings 22 9 46 26 Machinery and technical equipment 118 43 136 43 Miscellaneous equipment and fixtures 113 44 59 25 Total 253 96 241 94 (XLS:) Download Liabilities from finance leases (million €) December 31, 2017 December 31, 2016 Minimum lease payments Interest portion Leasing liability Minimum lease payments Interest portion Leasing liability Following year 1 32 5 27 28 5 23 Following year 2 37 5 32 30 4 26 Following year 3 22 4 18 19 4 15 Following year 4 19 3 16 17 3 14 Following year 5 12 2 10 12 3 9 More than 5 years 26 5 21 35 14 21 Total 148 24 124 141 33 108 In the current business year and in the previous year, no additional lease payments exceeding minimum lease payments were recognized in the income statement due to contractual conditions for finance leases. In 2017 and in the previous year, leasing liabilities were not offset by any future minimum lease payments from subleases. In addition, BASF is a lessee under operating lease contracts. The lease commitments totaling €1,410 million in 2017 (2016: €1,513 million) are due in the following years: (XLS:) Download Commitments from operating lease contracts (million €) Nominal value of the future minimum lease payments Dec. 31, 2017 Dec. 31, 2016 Less than 1 year 362 360 1-5 years 728 757 More than 5 years 320 396 Total 1,410 1,513 Future minimum lease payments from subleasing contracts based on existing agreements amounted to €10 million in 2017 (2016: €12 million). In 2017, minimum lease payments of €448 million (2016: €446 million) were included in income from operations. In 2017, conditional lease payments of €1 million (2016: €1 million) were also included in income from operations. Furthermore, sublease payments of €3 million were included in income from operations in 2017 (2016: €4 million). BASF as lessor BASF acts as a lessor for finance leases to a minor extent only. Receivables on finance leases were €29 million in 2017 (2016: €33 million). In 2017, claims arising from operating leases amounted to €93 million (2016: €89 million). (XLS:) Download Future minimum lease payments to BASF from operating lease contracts (million €) Nominal value of the future minimum lease payments Dec. 31, 2017 Dec. 31, 2016 Less than 1 year 19 17 1-5 years 50 49 More than 5 years 24 23 Total 93 89 back next
