Notes to the consolidated financial statements (IFRS)

24. FINANCE LEASES    
 
Finance lease receivables    
     
EUR million 31 Dec 2014 31 Dec 2013
Amortization periods of finance lease gross receivables    
Within one year 4.9 4.4
Between one and five years 5.7 2.0
Gross investment 10.6 6.4
Unearned future finance income 0.5 0.2
Net investment 10.1 6.2
     
Present value of minimum lease payment receivables    
Within one year 4.7 4.3
Between one and five years 5.4 1.9
Net investment 10.1 6.2
 
Finance lease liabilities
 
Future minimum lease payments and their present value under finance lease agreements were as follows:
     
Finance lease future payments    
Within one year 0.3 3.9
Between one and five years - 0.3
  0.3 4.2
     
Present value of future minimum lease payments    
Within one year 0.3 3.8
Between one and five years - 0.3
  0.3 4.1
     
Future interest charge 0.0 0.1
 
Tieto has finance leases for IT equipment and software. Certain leases include purchase options. Renewals are subject to separate negotiations. Interest rate of financial lease liabilities as of 31 Dec 2014 was 7.2 % (3.8–7.2 %).