Integrated Report 2023

18.2. Group as a lessor

Occasionally, the Group concludes finance lease contracts with its customers in reference to machinery, and with commercial representatives in reference to cars. As at the balance-sheet date, the Group had more than ten contracts pending repayment. The Group did not recognise any uncollectible lease payments.

The contracts do not contain any contingent lease payments depending on future factors other than the lapse of time.

31.12.2023 31.12.2022
Gross lease investment 927 821
Up to 1 year 298 503
Between 1 and 5 years 629 318
Present value of minimum lease payments 794 764
Up to 1 year 247 473
Between 1 and 5 years 547 291
Unearned finance income (discount) 133 57
Unguaranteed residual value vested in the lessor 150 260