Enexis Groep has recognised assets with rights of use and lease liabilities for those leases that classify as a lease under IFRS 16, with the exception of short-term leases, leases for low value assets, and agreements which do not qualify as a lease under IFRS 16.
Right-of-use assets relate to lease agreements for company and employee cars and property where the right of use is depreciated in accordance with the total expected lease term.
Changes in right-of-use assets in 2023 were as follows:
|
€ Million |
Buildings |
Lease cars |
Total 2023 |
|
Cost at 1 January 2023 |
66 |
154 |
220 |
|
Accumulated depreciation at 1 January 2023 |
32 |
96 |
128 |
|
Carrying amount at 1 January 2023 |
34 |
58 |
92 |
|
Additions |
4 |
26 |
30 |
|
Depreciation |
-8 |
-24 |
-32 |
|
Carrying amount at 31 December 2023 |
30 |
60 |
90 |
|
Accumulated depreciation at 31 December 2023 |
40 |
120 |
160 |
|
Cost at 31 December 2023 |
70 |
180 |
250 |
Changes in right-of-use assets in 2022 were as follows:
|
€ Million |
Buildings |
Lease cars |
Total 2022 |
|
Cost at 1 January 2022 |
65 |
137 |
202 |
|
Accumulated depreciation at 1 January 2022 |
24 |
72 |
96 |
|
Carrying amount at 1 January 2022 |
41 |
65 |
106 |
|
Additions |
4 |
17 |
21 |
|
Disposals |
-3 |
0 |
-3 |
|
Depreciation |
-8 |
-24 |
-32 |
|
Carrying amount at 31 December 2022 |
34 |
58 |
92 |
|
Accumulated depreciation at 31 December 2022 |
32 |
96 |
128 |
|
Cost at 31 December 2022 |
66 |
154 |
220 |
For the lease liabilities related to the rights of use of assets, reference is made to note 22. Interest-bearing liabilities (non-current) and note 28. Interest-bearing liabilities (current).
Lease expenses
Expenses arising from right-of-use assets can be specified as follows:
|
€ Million |
Buildings |
Lease cars |
Total 2023 |
|
Depreciation |
8 |
24 |
32 |
|
Financial expenses |
0 |
1 |
1 |
|
Total |
8 |
25 |
33 |