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50.2 Quantitative data

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50.2.1. PZU Group as the lessor

50.2.1.1. Finance lease

Leasing investments 31 December 2020 31 December 2019
Undiscounted lease payments 13,306 10,688
Up to 1 year 4,726 4,156
More than one year less than two years 3,405 3,049
From 2 to 3 years 2,399 982
From 3 to 4 years 1,361 1,279
From 4 to 5 years 683 626
Over 5 years 732 596
Unrealized financial income (837) (903)
Discounted unguaranteed residual values - -
Net lease investments 12,469 9,785

50.2.1.2. Operating leases

Operating lease transactions pertain principally to investment property lease agreements. The table below presents future minimum lease payments under operating lease (undiscounted amounts).

Future minimum receivables on lease payments 31 December 2020 31 December 2019
Up to 1 year 235 164
More than one year less than two years 186 149
From 2 to 3 years 168 137
From 3 to 4 years 133 104
From 4 to 5 years 72 85
Over 5 years 158 168
Total future minimum receivables on lease payments 952 807

50.2.2. PZU Group as the lessee

Right-of-use assets carried as property, plant and equipment 31 December 2020 31 December 2019
Means of transportation 21 30
Other property, plant and equipment 4 2
Real property 973 994
Total right-of-use assets 998 1,026

Movement in right-of-use assets used for own needs is presented together with the movement in property, plant and equipment in section 31.2.

Lease-related costs 31 December 2020 31 December 2019
Depreciation of right-of-use assets 285 297
  Plant and machinery - 19
  Means of transportation 14 13
  Other property, plant and equipment 2 1
  Real property 269 264
Interest on lease liabilities 28 29
Short-term lease-related costs 95 114
Low-value asset lease-related costs 1 -
Costs of variable lease payments not carried in valuation of lease liabilities - -