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32. Group as a lessor and as a lessee

a) Group as a lessor

Operating lease

The Group entered into contracts with third parties, which are classified as operating leases based on their economic substance. The contracts relate to the rental of reception equipment. Assets connected with such contracts are presented as part of property, plant and equipment.

Lease contracts for set-top boxes are concluded for a base contractual period ranging from 12 to 36 months. After each base period, the contracts are converted into contracts with either indefinite or definite terms, unless terminated by the subscribers.

Future minimum lease payments with respect to operating lease are as follows:

31 December 2013 31 December 2012
less than 1 year 7,924 13,763
between 1 and 5 years 1,935 6,677
Total 9,859 20,440

b) Group as a lessee

Operating leases

The Group entered into agreements, which are classified as operating lease contracts based on their economic substance. Assets leased under these contracts are not recorded in the financial statements. The contracts comprise leases of premises, lease of satellite transponders capacity, vehicles and other equipment.

The table below presents a maturity analysis for such commitments:

31 December 2013 31 December 2012
within one year 166,926 153,848
between 1 to 5 years 536,426 258,764
more than 5 years 146,880 113,498
Razem 850,232 526,110

The table below presents future minimum payments relating to operating lease agreements to related parties:

31 December 2013 31 December 2012
within one year 17,876 13,548
between 1 to 5 years 67,719 4,191
more than 5 years 75,963 1,612
Total 161,558 19,351

In 2013 the Group incurred costs related to operating lease agreements amounting to PLN 167,602 and in 2012 PLN 173,674.

Finance leases

The total carrying amount of equipment used under finance lease contracts amounted to PLN 680 as at 31 December 2012 and PLN 1,131 as at 31 December 2011.

The lease term is 10 years with respect to conditional access equipment and 5 years with respect to vehicles and other equipment.

Future minimum lease payments under finance leases are as follows:

31 December 2013 31 December 2012
less than 1 year 236 233
between 1 and 5 years 227 551
Total 463 784

The present value of minimum lease payments amounted to PLN 463 as at 31 December 2013 and PLN 784 as at 31 December 2012.


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