As at 31 December 2020, the Company had a lease liability of PLN 1 072 657 thousand. The liability primarily relates to the perpetual usufruct of land, contracts for occupation of the road lane, land lease and rental agreements, transmission easements and the lease of office and warehouse premises.
Ageing of the lease liability
| As at 31 December 2020 |
As at 31 December 2019 |
|
|---|---|---|
| Within 1 year | 120,482 | 110,893 |
| Within 1 to 5 years | 312,553 | 309,789 |
| Within 5 to 10 years | 319,226 | 298,093 |
| Within 10 to 20 years | 547,794 | 500,368 |
| More than 20 years | 77, 173 | 708,324 |
| Gross lease liabilities | 2,070,228 | 1,927,467 |
| Discount | (997,571) | (920,864) |
| Present value of lease payments | 1,072,657 | 1,006,603 |
| Lease agreements that do not meet the conditions for recognition as a finance lease as defined in the financing agreements |
1,072,657 | 1,006,603 |