28 Leases

Future minimum lease payments

 

Operating leases

Finance leases

Operating leases

Finance leases

Million CHF

2014

2014

2013

2013

Within 1 year

121

22

118

25

Within 2 years

98

18

90

20

Within 3 years

78

16

72

15

Within 4 years

57

12

58

15

Within 5 years

48

12

47

14

Thereafter

256

62

301

61

Total

657

143

686

150

Interest

 

(47)

 

(49)

Total finance leases

 

96

 

101

The total expense for operating leases recognized in the consolidated statement of income in 2014 was CHF 127 million (2013: 123). There are no individually significant operating lease agreements.

The liabilities from finance leases due within one year are included in current financial liabilities and liabilities due thereafter are included in long-term financial liabilities (note 27). There are no individually significant finance lease agreements.