Note 41 – Commitments

Operating leases

The Group leases various plant and machinery under cancellable operating leases. Leasing expenses amounting to 11 714 TEUR (9 137 TEUR) 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
Within 1 year 9 496 6 993
Between 1 and 5 years 25 429 20 247
More than 5 years 5 803 11 269
Total 40 728 38 509

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