20. Leases
The following disclosures contain information about NORMA Group’s leases in fiscal year 2021 and 2020.
(i) Amounts recognized in the Consolidated Statement of Financial Position
The following items related to leases are shown in the Consolidated Statement of Financial Position:
RIGHT OF USE - CARRYING AMOUNTS | ||
|---|---|---|
Carrying amounts | ||
in EUR thousands |
Dec 31, 2021 |
Dec 31, 2020 |
Land and buildings |
28,819 |
32,522 |
Machinery and tools |
113 |
208 |
Forklifts and warehouse |
1,352 |
1,085 |
Office and IT equipment |
392 |
119 |
Company cars |
2,425 |
1,903 |
Total |
33,101 |
35,837 |
The maturities of the nominal values and the carrying amounts of the lease liabilities are as follows:
Maturity of lease liabilities as of Dec 31, 2021 | |||
|---|---|---|---|
in EUR thousand |
up to 1 year |
> 1 year up to 5 years |
> 5 years |
Lease liabilities - Nominal value |
9,230 |
16,972 |
7,473 |
Lease liabilities - Carrying amount |
8,520 |
15,365 |
6,930 |
Maturity of lease liabilities as of Dec 31, 2020 | |||
in EUR thousand |
up to 1 year |
> 1 year up to 5 years |
> 5 years |
Lease liabilities - Nominal value |
8,960 |
18,920 |
9,525 |
Lease liabilities - Carrying amount |
8,118 |
16,957 |
8,770 |
(ii) Amounts recognized in the income statement
The following amounts relating to leases are recognized in the income statement:
Leases in the statement of profit or loss | ||
|---|---|---|
in EUR thousands |
2021 |
2020 |
Depreciation charge of right-of-use assets |
10,372 |
10,370 |
Land and buildings |
7,875 |
8,188 |
Machineries and technical equipments |
91 |
86 |
Forklifts and warehouse equipments |
798 |
629 |
Office and IT equipments |
168 |
110 |
Company cars |
1,440 |
1,357 |
Finance costs |
-886 |
-1,093 |
Interest expenses |
-796 |
-1,059 |
Currency gains/-losses |
-90 |
-34 |
Other operating expenses |
1,046 |
864 |
Expenses relating to short-term leases for which no RoU asset was recorded |
801 |
479 |
Expenses relating to leases of low-value assets that are not shown above as short-term leases |
245 |
385 |
(iii) Amounts recognized in the cash flow statement
EUR 12,339 thousand in total are recognized as cash outflows in the cash flow statement because of right-of-use assets (2020: EUR 11,935 thousand). Of this, EUR 11,293 thousand were recognized under cash flows from financing activities (2020: EUR 11,071 thousand) and EUR 1,046 thousand were recognized under cash flows from operating activities (2020: EUR 864 thousand).
Legend
These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.