48.2 Liabilities from operating leases [1]
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 |