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Note 29. Operating leases
Group as lessee
Minimum lease payments under non-cancellable operating lease agreements:
€ million 2016 2015
Within 1 year 414.8 357.8
Later than 1 year and no later than 5 years 1,344.0 1,154.7
Later than 5 years 1,269.9 1,108.4
Total 3,028.7 2,620.9
Expected future minimum lease payments under non-cancellable sublease agreements 52.9 69.9
Lease and sublease payments recognised for the financial year:
Minimum lease payments 423.0 372.0
Sublease income 21.8 34.3
The 2016 income statement includes capital lease payments and maintenance rentals on real estate under operating leases, and other rentals to a total amount of €458.1 million (€407.7 million). Maintenance rentals are not included in minimum lease payments.
Kesko leases retail and logistics premises for its operating activities. Most of the leases are index-linked and in conformity with local market practice. Some of the property leases contain extension options.
Group as lessor
Minimum lease payments received under non-cancellable operating lease agreements:
€ million 2016 2015
Within 1 year 10.3 7.8
Later than 1 year and no later than 5 years 18.7 13.0
Later than 5 years 28.5 24.6
Total 57.4 45.4
Aggregate contingent rents charged to the income statement 2.2 1.8
Kesko leases premises to entrepreneurs other than K-retailers in order that the total service offer of a store site supports its profit generation potential. Such premises typically include so-called store entrance stores at large retail outlets.