Universal Registration Document 2024

		Cash outflows		Changes excl. cash outflows
(in millions of euros)	December 31, 2022	Repayment of lease liabilities ⁽¹⁾	Interest paid on lease liabilities	New lease	Interest expenses on lease liabilities	Short-term - long-term reclassification	Effect of translation and others	December 31, 2023
Lease liabilities – short-term	360	(353)	(79)	-	79	354	(1)	360
Lease liabilities – long-term	2,197	-	-	195	-	(354)	(46)	1,992
Total lease liabilities	2,557	(353)	(79)	195	79	-	(47)	2,352

Expenses relating to variable lease payments not taken into account in the measurement of the lease obligation

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 2024, the variable lease expenses amount to euro 47 million. In 2023, the variable lease expenses were euro 40 million.

Interest expense on lease liabilities

For financial year 2024, the interest expense on lease liabilities is euro (84) million (see Note 9). For financial year 2023, the interest expense for lease liabilities was euro (79) million.