Aeropuertos Españoles y Navegación Aérea - Aena.es

8. LEASES
Finance leases
At 2008 year-end, the subsidiary Aena Desarrollo Internacional
had arranged a fi nance lease with BBVA
(see the terms and conditions of the fi nance lease in
Note 14) on an automated fl ight inspection system
(console) which is recognised under “Property, Plant
and Equipment” in the accompanying consolidated
balance sheet at 31 December 2008 (see Note 6).
At 31 December 2009 and 31 December 2008, the
amount of the minimum lease payments payable in
the future, excluding infl ation increases or other contingent
payments arising from the aforementioned fi -
nance lease, are as follows::
THOUSANDS OF EUROS
MINIMUM FINANCE LEASE PAYMENTS
2009 2008
Within one year 454 146
Between one and fi ve years 2,419 2,924
After fi ve years 715 1,170
Total 3,588 4,240
At 31 December 2009 and 31 December 2008, the
interest maturing on this agreement in coming years,
was as follows:
THOUSANDS OF EUROS
INTEREST - MATURITY
2009 2008
Within one year 36 45
Between one and fi ve years 100 592
After fi ve years 2 52
Total 138 689
Operating leases
At the end of 2009 and 2008 the Group had contracted
with lessors for the following minimum lease payments,
based on the leases currently in force, without
Legal Information
Consolidated Financial Statements
taking into account the charging of common expenses,
future increases in line with the CPI or future contractual
lease payment revisions:
LEASE PAYMENTS MINIMUM
THOUSANDS OF EUROS
OPERATING
2009 2008
Within one year 14,615 11,543
Between one and fi ve years 25,525 13,648
Total 40,140 25,191
The operating lease agreements held by the Group at
year-end related mainly to the rental of offi ces, parking
spaces and IT equipment.
The lease payments recognised as an expense in 2009
and 2008 amounted to EUR 18,549 thousand and
EUR 23,620 thousand, respectively (see note 16.d)
At the end of 2009 and 2008 the subsidiary CLASA
had contracted with tenants for the following minimum
lease payments, based on the leases currently
in force, without taking into account the charging of
common expenses, future increases in line with the
CPI or future contractual lease payment revisions:
THOUSANDS OF EUROS
MINIMUM OPERATING
2009 2008
Within one year 1,954 1,203
Between one and fi ve years 4,022 9,268
After fi ve years 439,483 424,939
Total 445,459 435,410
These leases relate mainly to the assets included under
“Investment Property” with an original cost of EUR
116,309 thousand (EUR115,869 thousand in 2008),
receiving annual rental income of EUR 18,740 thousand
(EUR 19,192 thousand in 2008). The total built
area measures 137 thousand square metres.
Annual report 2009 319