5 Right-of-use assets
The Zurich Airport Group as lessee
|
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(CHF million) |
|
Land |
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Real estate |
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Movables |
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Total right-of-use assets |
|
Cost |
|
|
|
|
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|
|
|
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Balance as at 1 January 2023 |
|
76.3 |
|
106.3 |
|
0.5 |
|
183.1 |
|
Additions |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
Foreign exchange differences |
|
–1.5 |
|
0.0 |
|
0.0 |
|
–1.5 |
|
Balance as at 30 June 2023 |
|
74.8 |
|
106.3 |
|
0.5 |
|
181.6 |
|
|
|
|
|
|
|
|
|
|
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Depreciation and impairment |
|
|
|
|
|
|
|
|
|
Balance as at 1 January 2023 |
|
–2.6 |
|
–28.2 |
|
–0.1 |
|
–30.9 |
|
Depreciation |
|
0.0 |
|
–4.4 |
|
0.0 |
|
–4.4 |
|
Transfer and reclassifications |
|
–0.9 |
|
0.0 |
|
0.0 |
|
–0.9 |
|
Foreign exchange differences |
|
0.1 |
|
0.0 |
|
0.0 |
|
0.1 |
|
Balance as at 30 June 2023 |
|
–3.4 |
|
–32.6 |
|
–0.1 |
|
–36.1 |
|
|
|
|
|
|
|
|
|
|
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Net carrying amount as at 1 January 2023 |
|
73.7 |
|
78.1 |
|
0.4 |
|
152.2 |
|
Net carrying amount as at 30 June 2023 |
|
71.4 |
|
73.7 |
|
0.4 |
|
145.5 |
Via its operator Yamuna International Airport Private Limited, Zurich Airport Ltd. holds the right-of-use asset relating to the land on which Noida International Airport, New Delhi, India will be built and operated in future. The right-of-use asset with a present value of CHF 71.4 million will expire at the end of the concession in 2061. The corresponding lease liabilities of CHF 87.1 million were recognised as non-current financial liabilities (see note 9, Financial liabilities) (commencement of payments as of 2031).
