44.2 Quantitative data
Reference Areas:
Health
Investments
Banking
Best Pratices in PZU
44.2.1 Finance leases
PZU Group as a lessor
| Operating lease receivables, gross | 31 December 2017 | 31 December 2016 | ||||
| Gross investment in the lease | Present value of minimum lease payments | Unrealized revenue | Gross investment in the lease | Present value of minimum lease payments | Unrealized revenue | |
| Up to 1 year | 1,917 | 1,842 | 195 | 77 | 66 | 11 |
| 1 to 5 years | 3,299 | 3,238 | 236 | 223 | 205 | 17 |
| Over 5 years | 351 | 340 | 15 | 11 | 10 | 1 |
| Total | 5,567 | 5,420 | 446 | 311 | 281 | 29 |
44.2.2 Operating leases
PZU Group as a lessor
Operating leases generally include investment property lease contracts. The following table presents future minimum lease payments under non-cancellable operating leases (undiscounted amounts).
| Future minimum receivables under lease payments | 31 December 2017 | 31 December 2016 |
| Up to 1 year | 219 | 209 |
| 1 to 5 years | 438 | 442 |
| Over 5 years | 213 | 129 |
| Total future minimum receivables under lease payments | 870 | 780 |
PZU Group as a lessee
Operating lease liabilities arise mainly under service and office space lease contracts. The PZU Group has a policy of concluding contracts for a specified term of 3 or 5 years, with an extension option. The following table presents future minimum lease payments under non-cancellable operating leases (undiscounted amounts).
| Liabilities under minimum operating lease payments | 31 December 2017 | 31 December 2016 |
| Up to 1 year | 307 | 210 |
| 1 to 5 years | 698 | 321 |
| Over 5 years | 56 | 45 |
| Total liabilities under minimum operating lease payments | 1,061 | 576 |
