| unspecified | unspecified | unspecified | Changes excl. cash outflows | unspecified | ||
|---|---|---|---|---|---|---|
| (in millions of euros) | December 31, 2022 | Cash outflows (1) | Offset under right‑of‑use assets | Short‑term – long‑term reclassification | Effect of translation and others | December 31, 2023 |
| Lease liabilities – short‑term | 360 | (353) | - | 354 | (1) | 360 |
| Lease liabilities – long‑term | 2,197 | - | 195 | (354) | (46) | 1,992 |
| Total lease liabilities | 2,557 | (353) | 195 | - | (47) | 2,352 |
| unspecified | unspecified | unspecified | Changes excl. cash outflows | unspecified | ||
|---|---|---|---|---|---|---|
| (in millions of euros) | December 31, 2021 | Cash outflows(1) | Offset under right‑of‑use assets | Short‑term – long‑term reclassification | Effect of translation and others | December 31, 2022 |
| Lease liabilities – short‑term | 288 | (339) | 1 | 416 | (6) | 360 |
| Lease liabilities – long‑term | 1,801 | - | 750 | (416) | 62 | 2,197 |
| Total lease liabilities | 2,089 | (339) | 751 | - | 56 | 2,557 |
The advertising network contracts include fixed fees (guaranteed minimums) and variable fees above a certain level of activity carried out. Fixed fees are taken into account in the lease liability, while variable fees are expensed directly.
In 2023, the variable lease expenses amount to euro 40 million. In 2022, the variable lease expenses were euro 68 million.
For financial year 2023, the interest expense on lease liabilities is euro 79 million (see Note 9). For financial year 2022, the interest expense for lease liabilities was euro 87 million.
|
not-included
|
not-included | Maturities | ||||
|---|---|---|---|---|---|---|
| (in millions of euros) | Total | -1 Year | 1‑2 Years | 2‑3 Years | 3‑4 Years | (4 years) |
| Cash outflows relating to lease liabilities | 2,820 | 423 | 385 | 355 | 273 | 1,384 |
Furthermore, concerning sublease contracts, cash inflows expected for financial year 2024 amount to euro 10 million.
