(26) Leases

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Lessee

Telekom Austria Group leases equipment used in its operations. The leases are classified as operating leases. The operating lease contracts will expire on various dates through 2028 and mainly comprise leases of property and vehicles.

Future minimum lease payments for non-cancellable operating lease contracts as of 31 December 2014 are:

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Operating leases

2015

53,095

2016

31,485

2017

15,535

2018

11,409

2019

7,403

After 2019

16,605

Total minimum lease payments

135,532

Lessor

Telekom Austria Group receives minimum lease payments for non-cancellable operating lease contracts that mainly relate to private automatic branch exchange equipment (PABX) and set-top boxes, which are reported in communications network and other equipment in property, plant and equipment.

These payments are recognised as revenue on a straight-line basis over the terms of the contracts. As of 31 December 2014 and 2013, the cost of this equipment amounted to TEUR 40,230 and TEUR 41,204, and the carrying amount to TEUR 13,176 and TEUR 11,470, respectively. The future minimum lease payments as of 31 December 2014 are as follows:

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in TEUR

Operating leases

2015

8,147

2016

5,044

2017

3,854

2018

2,855

2019

1,033

After 2019

5,588

Total minimum lease payments

26,521

Telekom Austria Group leases indefeasible rights of use in dark fibre under finance lease contracts, which have a term until 2033. In Bulgaria, mobile handsets were leased to customers under finance lease contracts until 31 December 2013. Starting 1 January 2014, the mobile handsets are sold on an instalment plan (see Notes (14) and (20)). As of 31 December 2014, the future minimum lease payments for these transactions amount to:

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in TEUR

Finance lease

2015

7,050

2016

321

2017

311

2018

302

2019

292

After 2019

2,922

Total minimum lease payments

11,198

Less amount representing interest

−1,652

Present value of finance lease receivables

9,545

Less current portion

−6,805

Non-current finance lease receivables

2,741

The allowance for doubtful finance lease receivables (see Notes (14) and (20)) is as follows:

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in TEUR, at 31 December

2014

2013

Allowance finance lease receivables, long-term

0

333

Allowance finance lease receivables, short-term

323

939

Allowance at the end of the year

323

1,272

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