185 / 302
Consolidated Financial Statements as of December 31, 2015
Notes to the Consolidated Financial Statements
Operating leases
6.5.2
The following table shows future minimum lease payments due for the non-cancelable term of operating leases at December 31, 2015 and 2014:
LEASE COMMITMENTS AT DECEMBER 31, 2015
Total
Within one year In one to five years Beyond five years
(in millions of euros)
Minimum future lease payments
3,503
1,055
1,597
851
Discounted present value
2,747
978
1,243
527
LEASE COMMITMENTS AT DECEMBER 31, 2014
Total Within one year In one to five years Beyond five years
(in millions of euros)
Minimum future lease payments
3,494
999
1,539
956
Discounted present value
2,744
929
1,212
603
Rental expense and rental revenue from sub-leases recorded in the income statement are as follows:
LEASE PAYMENTS AND REVENUE FROM SUB-LEASES
2015
2014
(in millions of euros)
Minimum lease payments made during the period
(1,047)
(931)
Contingent lease payments made during the period
(26)
(31)
Revenue from sub-leases
308
286
Minimum revenue receivable from sub-leases
18
48
2015 REGISTRATION DOCUMENT
185