Cellcom Israel Ltd. | CIK:0001385145 |

Note 29 - Operating Leases

Non-cancelable operating lease rentals are payable as follows:

		December 31,				December 31,
		2016				2017
		NIS millions				NIS millions
Less than one year			274				275
Between one and five years			570				573
More than five years			103				70
			947				918

 

During the year ended December 31, 2017, NIS 280 million was recognized as expenses in respect of operating leases in the consolidated statements of income (2016 and 2015, NIS 286 million and NIS 285 million, respectively).

Major operating lease and service agreements:

a.

Office buildings and warehouses - there are lease agreements for periods of up to 14 years.

 

b.

Switching stations- there are lease agreements for switching station locations for periods of up to 18 years.

 

c.

Cell sites- there are lease agreements for cell sites for periods of up to 21 years.

 

d.

Service centers, retail stores and stands - there are lease agreements for service and installation centers and stands for periods of up to 13 years.

 

e.

Motor vehicles - lease for a period of 3 years.