Notes to the Financial Statements
25. Lessor Operating Leases
Total operating minimum lease payments receivable under non-cancellable operating leases are as follows:
2019 | 2018 | |
|---|---|---|
€’000 | €’000 | |
Land | ||
One year | 10,535 | 11,943 |
Two to five years | 34,154 | 41,336 |
Greater than five years | 281,729 | 318,853 |
326,418 | 372,132 |
The Company earned €13.1m (2018: €12.9m) in rental income for the year. The above amounts represent future rental income receivable over the life or up to the first break clause of the operating lease agreements in place as at 31 December 2019.