45.2 PZU Group as a lessee

The majority of liabilities from operating leases result from rental of retail and office space. PZU Group has a policy of concluding contracts for a limited period of 3 or 5 years with an option of extension. The table below presents minimum future lease payments from operational leasing (undiscounted amounts).

Liabilities due to minimum operating lease fees 31 December 2016 31 December 2015
Up to 1 year 210 116
Over 1 year and up to 5 years 321 262
Over 5 years 45 25
Total liabilities due to minimum operating lease fees 576 403

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