Group as a lessee
As at 31 December 2018, the Company’s operating lease agreements comprised mainly agreements pertaining to lease of real properties, freight wagons and locomotives. Key real estate lease agreements are concluded for long-term periods with the possibility of early termination within specified contractual deadlines. The term of the lease agreements for freight wagon and locomotives lasts until 2019–2023, depending on the agreement.
The Group presents, as future minimum leasing fees, the fees which it is obligated to pay during the termination notice period for such agreements if the agreement provides for such an option.
Leasing fees as cost of the period
| 2018 | 2017 | |
|---|---|---|
| Minimum leasing fees | 160.2 | 126.4 |
| Fees received under sub-lease (subleasing) | (4.8) | (2.4) |
| Total | 155.4 | 124.0 |
Future minimum leasing fees under non-cancellable operating leases
| 2018 | 2017 | |
|---|---|---|
| Up to 1 year | 109.0 | 71.9 |
| From 1 year to 5 years | 79.6 | 66.4 |
| Over 5 years | 2.1 | 7.1 |
| Total | 190.7 | 145.4 |