Note 41 – Commitments

Operating leases

The Group leases various plant and machinery under cancellable operating leases. Leasing expenses amounting to 11 714 TEUR (2014: 9 137, 2013: 7 984) for the leasing of buildings and machinery is included in the statement of profit or loss.

The significant leased facilities under operating lease agreements relate to:

  • A&R Carton facilities in Kriftel, Germany – lease term until 2023.
  • A&R Carton facilities in Lund, Sweden – lease term until 2019.
  • A&R Carton facilities in France – lease term until 2024.
  • A&R Carton facilities in St Petersburg, Timashevsk and Moscow, Russia – lease terms until 2016, 2018 and 2018 respectively.
  • Flextrus facilities in Lund and Halmstad, Sweden. The lease term regarding the facilities in Lund and Halmstad is until 2019.
  • Flextrus facilities in Highbridge, United Kingdom – lease term until 2022.

The future aggregate minimum lease payments under non-cancellable operating leases:

2015 2014 2013
Within 1 year 9 496 6 993 7 608
Between 1 and 5 years 25 429 20 247 18 688
More than 5 years 5 803 11 269 7 906
Total 40 728 38 509 34 202

The operating lease income for facilities in Germany amounts to 1 000 TEUR (2014: 925, 2013: 925). The operating lease agreement has a lease term until until year 2016 with an annual fee of 881 TEUR.