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 fees | 31 December 2015 | 31 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 |
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