26. Leases

Future minimum lease payments

 

Operating leases

Finance leases

Operating leases

Finance leases

Million CHF

2015

2015

20141

20141

1

Restated due to changes in accounting policies, see note 2.

Within 1 year

336

19

117

22

Between 1 and 5 years

616

55

272

59

Thereafter

393

48

255

62

Total

1,346

122

644

143

Interest

 

(31)

 

(47)

Total finance leases

 

91

 

96

The total expense for operating leases recognized in the consolidated statement of income in 2015 was CHF 227 million (2014: CHF 122 million). There are no individually significant operating lease agreements.

The liabilities from finance leases due within one year are included in current financial liabilities and liabilities due thereafter are included in long-term financial liabilities (note 25). There are no individually significant finance lease agreements.