(28)Operating Leases
(a) Operating leases (as lessee)
At 31 December 2017, 2016 and 2015 the Group leases buildings and warehouses from third parties under operating leases.
Operating lease instalments of Euros 80,136 thousand have been recognized as an expense for the year ended at
31 December 2017 (Euros 74,945 thousand at 31 December 2016 and Euros 70,496 thousand at 31 December 2015) and comprise minimum lease payments.
Future minimum payments on non-cancellable operating leases at 31 December 2017, 2016 and 2015 are as follows:
|
|
|
Thousands of Euros |
|
||||
|
|
|
31/12/2017 |
|
31/12/2016 |
|
31/12/2015 |
|
|
Maturity at: |
|
|
|
|
|
|
|
|
Up to 1 year |
|
46,541 |
|
56,869 |
|
77,951 |
|
|
Between 1 and 5 years |
|
156,897 |
|
181,076 |
|
126,644 |
|
|
More than 5 years |
|
58,905 |
|
112,986 |
|
101,319 |
|
|
|
|
|
|
|
|
|
|
|
Total future minimum payments |
|
262,343 |
|
350,931 |
|
305,914 |
|
|
|
|
|
|
|
|
|
|
(b)Operating leases (as lessor)
At 31 December 2017, 2016 and 2015 the Group has no lease contracts as lessor.