Operating leases

Costs and liabilities of operating leases

Eneco has operating lease agreements for IT facilities and the vehicle fleet. There are also rental agreements for land and a number of business premises. A cost of € 59 million (2011: € 56 million) has been recognised through the income statement in this respect. The minimum obligations under these agreements fall due as follows:

At 31 December 2012

At 31 December 2011

Within 1 year

61

56

Within 1 to 5 years

163

151

After 5 years

185

152

Total

409

359

Revenues from operating leases

Equipment and energy installations are leased for periods of 5 to 15 years while the assets concerned remain the property of Eneco. The lease covers making the equipment available to users and maintenance. Revenues of € 40 million (2011: € 40 million) have been recognised through the income statement.

The minimum receivables from non-terminable lease agreements fall due as follows:

At 31 December 2012

At 31 December 2011

Within 1 year

35

28

Within 1 to 5 years

108

87

After 5 years

114

92

Total

257

207