Note 33 - Leases
| Parent Bank | Group | |||
| 2020 | 2021 | Right-of-use assets | 2021 | 2020 |
| 392 | 397 | Acquisition cost 1 January | 636 | 581 |
| - | 2 | Addition of right-of-use assets | 115 | 43 |
| - | -2 | Disposals | -79 | - |
| 5 | 1 | Transfers and reclassifications | 9 | 13 |
| 397 | 398 | Acquisition cost 31 December | 681 | 636 |
| 49 | 99 | Accumulated depreciation and impairment 1 January | 166 | 82 |
| 50 | 53 | Depreciation | 93 | 84 |
| - | -6 | Disposals | -38 | -1 |
| 99 | 146 | Accumulated depreciation and impairment 31 December | 221 | 166 |
| 298 | 253 | Carrying amount of right-of-use assets 31 December | 460 | 470 |
| Lease liabilities | ||||
| 2020 | 2021 | Undiscounted lease liabilities and maturity of cash outflows | 2021 | 2020 |
| 42 | 55 | Less than 1 year | 99 | 82 |
| 37 | 52 | 1-2 years | 92 | 71 |
| 36 | 44 | 2-3 years | 78 | 66 |
| 28 | 42 | 3-4 years | 73 | 54 |
| 53 | 40 | 4-5 years | 68 | 77 |
| 170 | 207 | More than 5 years | 289 | 230 |
| 366 | 440 | Total undiscounted lease liabilities at 31 December | 698 | 579 |
| 2020 | 2021 | Summary of the lease liabilities | 2021 | 2020 |
| 347 | 303 | At initial application 1 January | 480 | 505 |
| - | 6 | New lease liabilities recognised in the year | 86 | 52 |
| -44 | -46 | Cash payments for the principal portion of the lease liability | -89 | -76 |
| -9 | -8 | Cash payments for the interest portion of the lease liability | -7 | -13 |
| 9 | 8 | Interest expense on lease liabilities | 7 | 13 |
| - | - | Other changes | -2 | -2 |
| 303 | 262 | Total lease liabilities at 31 December | 476 | 479 |
| 41 | 50 | Current lease liabilities (note 37) | 59 | 63 |
| 263 | 213 | Non-current lease liabilities (note 37) | 416 | 416 |
| -45 | -45 | Total cash outflows for leases | -86 | -79 |
| 2020 | 2021 | Summary of other lease expenses recognised in profit or loss | 2021 | 2020 |
| 10 | 15 | Variable lease payments expensed in the period | 26 | 20 |
| 1 | 4 | Operating expenses in the period related to short-term leases (including short-term low value assets) | 7 | 7 |
| - | - | Operating expenses in the period related to low value assets (excluding short-term leases included above) | - | 1 |
| 11 | 19 | Total lease expenses included in other operating expenses | 33 | 28 |
Financial results
Annual report and notes
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