Triodos Bank leases many assets including land and buildings, vehicles, and IT equipment. Information about leases for which Triodos Bank is a lessee is presented below.

Right-of-use assets

 

2020

2019

 

Property

Vehicles

Other

Total

Property

Vehicles

Other

Total

 

 

 

 

 

 

 

 

 

Balance at 1 January

19,357

1,656

342

21,355

19,260

1,674

14

20,948

Depreciation

-2,541

-687

-68

-3,296

-3,633

-579

-8

-4,220

Additions

859

433

174

1,466

3,653

561

336

4,550

Exchange rate difference

-119

-

-

-119

77

-

-

77

Disposals

-18

-42

-

-60

-

-

-

-

 

 

 

 

 

 

 

 

 

Balance at 31 December

17,538

1,360

448

19,346

19,357

1,656

342

21,355

Lease liabilities

 

2020

2019

Maturity analysis – contractual undiscounted cash flows

Property

Vehicles

Other

Total

Property

Vehicles

Other

Total

 

 

 

 

 

 

 

 

 

Less than one year

2,418

397

72

2,887

2,336

435

62

2,833

One to five years

8,042

1,041

242

9,325

8,097

1,199

244

9,540

More than five years

12,082

-

144

12,226

13,649

34

54

13,737

 

 

 

 

 

 

 

 

 

Total undiscounted lease liabilities at 31 December

22,542

1,438

458

24,438

24,082

1,668

360

26,110

 

 

 

 

 

 

 

 

 

Current

1,912

463

72

2,447

1,611

453

59

2,123

Non-current

16,207

929

380

17,516

18,429

1,242

284

19,955

 

 

 

 

 

 

 

 

 

Lease liabilities included in the statement of financial
position at 31 December

18,119

1,392

452

19,963

20,040

1,695

343

22,078

Amounts recognised in profit or loss

 

2020

2019

 

 

 

Interest on lease liabilities

216

465

Expenses of short-term leases

61

111

Expenses of low-value assets

212

392

Sub-lease income

48

42

Amounts recognised in the statement of cash flows

 

2020

2019

 

 

 

Total cash outflow for leases

3,578

4,297

Real estate leases

Triodos Bank leases land and buildings for its office space. Some leases include an option to renew the lease for an additional period of the same duration after the end of the contract term. Some leases provide for additional rent payments that are based on changes in local price indices.

Other leases

Triodos Bank leases vehicles and equipment, with lease terms of generally three to five years. Triodos Bank also leases IT equipment with contract terms of generally one to three years. Leases with a contract term of less than one year and/or a value of less than EUR 5.000 are considered short-term and/or leases of low-value items.

Triodos Bank has elected not to recognise right-of-use assets and lease liabilities for these leases.