20 » Lease Liabilities
The company recognized lease liabilities in an amount of € 3.0 billion (2021: € 2.8 billion).
|
|
Dec. 31, 2022 |
|
Dec. 31, 2021 |
|---|---|---|---|---|
Land and buildings |
|
2,918 |
|
2,756 |
Technical equipment and machinery |
|
33 |
|
56 |
Other equipment, furniture and fixtures |
|
35 |
|
25 |
Lease liabilities |
|
2,986 |
|
2,836 |
The contractual payments for lease liabilities held by adidas as at December 31, 2022, in an amount of € 3.4 billion (2021: € 3.1 billion), mature as follows:
|
|
Dec. 31, 2022 |
|
Dec. 31, 2021 |
|---|---|---|---|---|
Within 1 year |
|
715 |
|
635 |
Between 1 and 5 years |
|
1,760 |
|
1,580 |
After 5 years |
|
901 |
|
842 |
Total |
|
3,376 |
|
3,057 |
Interest recognized on lease liabilities in 2022 amounted to € 83 million (2021: € 66 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. SEE NOTE 32
In 2022, the total cash outflows for leases, including the above-mentioned leases not included in the calculation of the lease liability, amounted to € 846 million (2021: € 789 million).
