39.4 Lease liabilities

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