Annual Report 2022

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20 » Lease Liabilities

The company recognized lease liabilities in an amount of € 3.0 billion (2021: € 2.8 billion).

Lease liabilities € in millions

 

 

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:

Contractual payments for lease liabilities € in millions

 

 

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).