21 » Lease Liabilities
The company recognized lease liabilities in an amount of € 2.7 billion (2019: € 3.1 billion).
|
|
Dec. 31, 2020 |
|
Dec. 31, 2019 |
|---|---|---|---|---|
Land and buildings |
|
2,611 |
|
2,985 |
Technical equipment and machinery |
|
84 |
|
101 |
Other equipment, furniture and fixtures |
|
26 |
|
47 |
Lease liabilities |
|
2,722 |
|
3,133 |
The contractual payments for lease liabilities held by adidas as at December 31, 2020 in an amount of € 3.1 billion (2019: € 3.6 billion) mature as follows:
|
|
Dec. 31, 2020 |
|
Dec. 31, 2019 |
|---|---|---|---|---|
Within 1 year |
|
644 |
|
723 |
Between 1 and 5 years |
|
1,641 |
|
2,110 |
After 5 years |
|
789 |
|
732 |
Total |
|
3,074 |
|
3,566 |
Interest recognized on lease liabilities in 2020 amounted to € 90 million (2019: € 101 million).
Expenses from leases classified as short-term or low-value or variable are excluded from the measurement of the lease liability. Further information on total expenses relating to short-term, low-value, and variable leases is provided in these Notes. Note 33
In 2020, the total cash outflows for leases, including the above-mentioned leases not included in the calculation of the lease liability, amounted to € 854 million (2019: € 874 million).