Notes to the Consolidated Financial Statement

 

25. Operating leases  

 

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

€ 000

2010

2009

Within one year

3,988

5,053

Within more than one but less than five years

2,412

2,477

After more than five years

-

-

Total

6,400

7,530

 

The Group leases all of its production facilities and office premises. The average duration of the leases is three to five 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 maintenance lease agreements is three years.