Half-Year Financial Report - For the Six Months Ended June 30, 2020

Chapter 2. Consolidated interim financial statements half-year ended june 30, 2020

Note 16 Lease contracts

Analysis of right-of-use assets by category of underlying assets
(in millions of euros)Real EstateConcession agreementsOther assetsTotal
Gross value at January 1, 2020

Gross value at January 1, 2020

Real Estate

2,489

Gross value at January 1, 2020

Concession agreements

305

Gross value at January 1, 2020

Other assets

45

Gross value at January 1, 2020

Total

2,839

Addition of assets

Addition of assets

Real Estate

62

Addition of assets

Concession agreements

-

Addition of assets

Other assets

9

Addition of assets

Total

71

Terminations or end of contracts

Terminations or end of contracts

Real Estate

(39)

Terminations or end of contracts

Concession agreements

-

Terminations or end of contracts

Other assets

(8)

Terminations or end of contracts

Total

(47)

Changes to consolidation scope

Changes to consolidation scope

Real Estate

6

Changes to consolidation scope

Concession agreements

-

Changes to consolidation scope

Other assets

-

Changes to consolidation scope

Total

6

Translation adjustments and other

Translation adjustments and other

Real Estate

(38)

Translation adjustments and other

Concession agreements

-

Translation adjustments and other

Other assets

(2)

Translation adjustments and other

Total

(40)

Gross value at June 30, 2020

Gross value at June 30, 2020

Real Estate

2,480

Gross value at June 30, 2020

Concession agreements

305

Gross value at June 30, 2020

Other assets

44

Gross value at June 30, 2020

Total

2,829

Accumulated amortization at January 1, 2020

Accumulated amortization at January 1, 2020

Real Estate

(503)

Accumulated amortization at January 1, 2020

Concession agreements

(197)

Accumulated amortization at January 1, 2020

Other assets

(17)

Accumulated amortization at January 1, 2020

Total

(717)

Amortization

Amortization

Real Estate

(138)

Amortization

Concession agreements

(49)

Amortization

Other assets

(13)

Amortization

Total

(200)

Impairment losses

Impairment losses

Real Estate

(128)

Impairment losses

Concession agreements

-

Impairment losses

Other assets

-

Impairment losses

Total

(128)

Terminations or end of contracts

Terminations or end of contracts

Real Estate

25

Terminations or end of contracts

Concession agreements

-

Terminations or end of contracts

Other assets

7

Terminations or end of contracts

Total

32

Changes to consolidation scope

Changes to consolidation scope

Real Estate

-

Changes to consolidation scope

Concession agreements

-

Changes to consolidation scope

Other assets

-

Changes to consolidation scope

Total

-

Translation adjustments and other

Translation adjustments and other

Real Estate

15

Translation adjustments and other

Concession agreements

-

Translation adjustments and other

Other assets

-

Translation adjustments and other

Total

15

Accumulated amortization at June 30, 2020

Accumulated amortization at June 30, 2020

Real Estate

(729)

Accumulated amortization at June 30, 2020

Concession agreements

(246)

Accumulated amortization at June 30, 2020

Other assets

(23)

Accumulated amortization at June 30, 2020

Total

(998)

Net value at June 30, 2020

Net value at June 30, 2020

Real Estate

1,751

Net value at June 30, 2020

Concession agreements

59

Net value at June 30, 2020

Other assets

21

Net value at June 30, 2020

Total

1,831


/ Analysis of maturities of lease liabilities

June 30, 2020
(in millions of euros)Total-1 year1‑2 years2‑3 years3‑4 years+4 years
Lease liabilities

Lease liabilities

June 30, 2020

2,394

3332652261981,372
Of which short‑term

Of which short‑term

June 30, 2020

333






Of which long‑term

Of which long‑term

June 30, 2020

2,061






For the first half of 2020, the interest expense on lease liabilities was euro -40 million (versus euro -30 million at June 30, 2019).