The movements in right-of-use assets were as follows:
|
x € 1 million |
Office buildings |
Car fleet |
Other equipment |
Total |
|
31 December 2023 |
40.9 |
40.0 |
8.7 |
89.6 |
|
New in consolidation |
0.9 |
0.2 |
- |
1.1 |
|
Additions |
13.5 |
27.5 |
6.8 |
47.8 |
|
Depreciation |
-10.7 |
-17.0 |
-7.9 |
-35.6 |
|
Changes in lease period and other changes |
1.4 |
-0.6 |
2.3 |
3.1 |
|
31 December 2024 |
46.0 |
50.1 |
9.9 |
106.0 |
|
New in consolidation |
0.8 |
2.8 |
- |
3.6 |
|
Additions |
4.3 |
37.0 |
4.4 |
45.7 |
|
Depreciation |
-11.0 |
-20.4 |
-6.2 |
-37.6 |
|
Disposals |
-6.6 |
-0.2 |
-0.8 |
-7.6 |
|
Changes in lease period and other changes |
1.1 |
11.0 |
1.5 |
13.6 |
|
31 December 2025 |
34.6 |
80.3 |
8.8 |
123.7 |
The divestments in the office buildings category relate mainly to the acquisition of the Group’s previously leased headquarters in Rosmalen.
As a result of external price developments, the Group has revised its estimate of the residual value of leased cars, as a result of which the amount expected to be payable under the (previously unmeasured) residual value guarantee has been included in the lease payments and therefore in the statement of financial position measurement of the leases. This is reflected in the line 'changes in lease period and other changes', together with other adjustments, such as price indexations and changes in the lease term.
The weighted average incremental borrowing rate used to determine the liability is 5.2% (2024: 4.3%).
The movement in the lease liabilities was as follows:
|
x € 1 million |
Office buildings |
Car fleet |
Other equipment |
Total |
|
31 December 2023 |
39.6 |
40.7 |
9.6 |
89.9 |
|
New in consolidation |
0.9 |
0.2 |
- |
1.1 |
|
Additions |
13.5 |
27.5 |
6.8 |
47.8 |
|
Lease payments |
-11.5 |
-18.4 |
-8.8 |
-38.7 |
|
Interest |
1.5 |
2.0 |
0.6 |
4.1 |
|
Changes in lease period and other changes |
1.1 |
-0.8 |
2.1 |
2.4 |
|
31 December 2024 |
45.1 |
51.2 |
10.3 |
106.6 |
|
New in consolidation |
0.8 |
2.8 |
- |
3.6 |
|
Additions |
4.3 |
37.0 |
4.4 |
45.7 |
|
Lease payments |
-12.2 |
-24.6 |
-7.4 |
-44.2 |
|
Interest |
1.9 |
2.9 |
0.6 |
5.4 |
|
Disposals |
-7.2 |
-0.2 |
-0.8 |
-8.2 |
|
Changes in lease period and other changes |
1.5 |
11.5 |
2.2 |
15.2 |
|
31 December 2025 |
34.2 |
80.6 |
9.3 |
124.1 |
The following components are not included in the lease liabilities recognised:
-
Lease payments for leases that are not recognised under the practical expedient for short-term leases and leases of low-value assets. Expenses for such unrecognised leases are recognised on a straight-line basis over the lease term in operating costs and amount to € 128 million (2024: € 129 million). This mainly concerns short-term hire of equipment for projects and relates to virtually no leases of low-value assets.
-
Future lease commitments to which the Group is committed at the reporting date (these are still on order and have therefore not been recognised) amount to approximately € 11 million (2024: €18 million), mainly for leased cars on order.
-
Extension options for which the Group is not reasonably certain that the options will be exercised. Such extension options occur in particular in the office buildings category.
The nominal cash flows of the lease liabilities are allocated over time based on the maturity of the lease payments as follows:
|
31 December 2025 |
31 December 2024 |
|||||||
|
x € 1 million |
Total |
< 1 year |
1-5 years |
> 5 years |
Total |
< 1 year |
1-5 years |
> 5 years |
|
Office buildings |
39.5 |
9.5 |
24.4 |
5.6 |
51.4 |
9.8 |
34.5 |
7.1 |
|
Car fleet |
84.6 |
21.7 |
59.7 |
3.2 |
53.5 |
18.8 |
34.7 |
0.0 |
|
Other equipment |
10.3 |
4.8 |
5.3 |
0.2 |
12.0 |
6.2 |
5.5 |
0.3 |
|
Total |
134.4 |
36.0 |
89.4 |
9.0 |
116.9 |
34.8 |
74.7 |
7.4 |
The total cash outflow relating to lease agreements amounts to € 171 million (2024: € 169 million), including the cash flows for the above unrecognised leases and the interest and principal cash flows for recognised leases.