48.2 Liabilities from operating leases

The majority of liabilities from operating leases result from rental of retail and office space. PZU Group has a policy of concluding contracts for a limited period of 3 or 5 years with an option of extension.

Liabilities due to minimum operating lease fees31 December 201531 December 2014
Up to 1 year 115,739 27,795
Over 1 year and up to 5 years 261,708 57,573
Over 5 years 25,431 7,856
Total liabilities due to minimum operating lease fees 402,878 93,224
 
Operating lease liabilities recognized in profit or loss account or a given period 1 January - 31 December 2015 1 January - 31 December 2014
Minimum operating lease fees 61,198 98,827
Subleasing fees 50 (10)
Total 61,248 98,817