19 » Lease Liabilities
Lease liabilities consist of the following:
|
|
Dec. 31, 2023 |
|
Dec. 31, 2022 |
|---|---|---|---|---|
Land and buildings |
|
2,528 |
|
2,918 |
Technical equipment and machinery |
|
17 |
|
33 |
Other equipment, furniture and fixtures |
|
38 |
|
35 |
Lease liabilities |
|
2,584 |
|
2,986 |
The contractual payments for lease liabilities held by adidas as at December 31, 2023, in an amount of € 3.0 billion (2022: € 3.4 billion), mature as follows:
|
|
Dec. 31, 2023 |
|
Dec. 31, 2022 |
|---|---|---|---|---|
Within 1 year |
|
652 |
|
715 |
Between 1 and 5 years |
|
1,571 |
|
1,760 |
After 5 years |
|
765 |
|
901 |
Total |
|
2,988 |
|
3,376 |
Interest recognized on lease liabilities in 2023 amounted to € 86 million (2022: € 83 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 31
In 2023, the total cash outflows for leases, including the above-mentioned leases not included in the calculation of the lease liability, amounted to € 831 million (2022: € 846 million).