19 » Lease Liabilities
The company recognized lease liabilities in an amount of € 2.8 billion (2020: € 2.7 billion).
|
|
Dec. 31, 2021 |
|
Dez. 31, 2020 |
|---|---|---|---|---|
Land and buildings |
|
2,756 |
|
2,611 |
Technical equipment and machinery |
|
56 |
|
84 |
Other equipment, furniture and fixtures |
|
25 |
|
26 |
Lease liabilities |
|
2,836 |
|
2,722 |
The contractual payments for lease liabilities held by adidas as at December 31, 2021, in an amount of € 3.1 billion (2020: € 3.1 billion) mature as follows:
|
|
Dec. 31, 2021 |
|
Dec. 31, 2020 |
|---|---|---|---|---|
Within 1 year |
|
635 |
|
644 |
Between 1 and 5 years |
|
1,580 |
|
1,641 |
After 5 years |
|
842 |
|
789 |
Total |
|
3,057 |
|
3,074 |
Interest recognized on lease liabilities in 2021 amounted to € 66 million (2020: € 82 million).
Expenses from leases classified as short-term, 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 31
In 2021, the total cash outflows for leases, including the above-mentioned leases not included in the calculation of the lease liability, amounted to € 789 million (2020: € 816 million).