Enexis Groep has recognised right-of-use assets and lease liabilities for leases that qualify as a lease under IFRS 16, with the exception of short-term leases, leases for low-value assets and agreements that do not meet the IFRS 16 lease criteria.
Right-of-use assets pertain to lease agreements for company and employee cars and property, with depreciation applied over the expected lease term.
Changes in right-of-use assets in 2024 were as follows:
|
€ Million |
Buildings |
Lease cars |
Total 2024 |
|
Cost at 1 January 2024 |
70 |
180 |
250 |
|
Accumulated depreciation at 1 January 2024 |
40 |
120 |
160 |
|
Carrying amount at 1 January 2024 |
30 |
60 |
90 |
|
Additions |
2 |
54 |
56 |
|
Disposals |
0 |
-2 |
-2 |
|
Depreciation |
-7 |
-26 |
-33 |
|
Carrying amount at 31 December 2024 |
25 |
86 |
111 |
|
Accumulated depreciation at 31 December 2024 |
47 |
146 |
193 |
|
Cost at 31 December 2024 |
72 |
232 |
304 |
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 |
|
Disposals |
0 |
0 |
0 |
|
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 |
For the lease liabilities related to the right-of-use of assets, see 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 2024 |
|
Depreciation |
7 |
26 |
33 |
|
Financial expenses |
0 |
1 |
1 |
|
Total |
7 |
27 |
34 |