7. Leases
Audited information- Index
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in CHF m |
|
31.12.2020 |
|
31.12.2019 |
|---|---|---|---|---|
Right-of-use assets - net book value |
|
|
|
|
Leasehold land |
|
22 |
|
21 |
Buildings |
|
158 |
|
175 |
Machinery and equipment |
|
19 |
|
25 |
Furniture, vehicles, computer hardware |
|
22 |
|
32 |
Total |
|
221 |
|
253 |
Reclassified to held for sale (see note 25) |
|
–17 |
|
–34 |
Total as reported in the balance sheet |
|
204 |
|
219 |
Lease liabilities |
|
|
|
|
Non-current lease liabilities |
|
173 |
|
195 |
Current lease liabilities |
|
41 |
|
51 |
Total |
|
214 |
|
246 |
Reclassified to held for sale (see note 25) |
|
–14 |
|
–29 |
Total as reported in the balance sheet |
|
200 |
|
217 |
Additions to the right-of-use assets during 2020 were CHF 51 million (2019: CHF 65 million).
Consolidated income statements include the following amounts relating to leases:
in CHF m |
|
2020 |
|
2019 |
|---|---|---|---|---|
Depreciation expense |
|
|
|
|
Leasehold land |
|
–2 |
|
–2 |
Buildings |
|
–29 |
|
–32 |
Machinery and equipment |
|
–6 |
|
–8 |
Furniture, vehicles, computer hardware |
|
–13 |
|
–16 |
Total depreciation |
|
–50 |
|
–58 |
Interest expense, included in finance costs |
|
–11 |
|
–12 |
Expense relating to short-term leases |
|
–13 |
|
–16 |
Expense relating to leases of low-value assets |
|
–5 |
|
–7 |
Expense relating to variable lease payments not included in lease liabilities |
|
— |
|
— |
Total |
|
–79 |
|
–93 |
Thereof reported under discontinued operations |
|
4 |
|
2 |
Total continuing operations |
|
–75 |
|
–91 |
The total cash outflow for leases in 2020 was CHF 66 million (2019: CHF 70 million).
There are CHF 1 million of commitments for leases not commenced at year-end (2019: CHF 0 million).
The potential future cash outflows of less than CHF 1 million that are not reflected in the measurement of lease liabilities as at 31 December 2020 arising only from the extension option (2019: CHF 1 million).