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25 Leases

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25.1 Leases as Lessee

The Group leases office buildings, cars and office equipment. The leases typically run for a period of 5 years for cars, 5-15 years for buildings and 5 years for office equipment. Lease payments are indexed depending on the contracts: for cars usually once a year; and for buildings after 3 years upon contract start date to reflect market rentals. For certain leases, the Group is restricted from entering into sub-lease arrangements.

Information about leases for which the Group is a lessee is presented below.

25.1.1 Right-of-use-assets

EUR 000

Cars

Buildings

Office equipment

Total

2020/2021

    

Balance at 30 September 2020

37,376

109,312

409

147,097

Depreciation charge for the year

-16,625

-13,331

-91

-30,047

Additions to right-of-use assets

20,255

1,829

22,084

Disposals

-2,167

-2,167

Balance at 30 September 2021

38,839

97,810

318

136,967

     

2019/2020

    

Balance at 30 September 2019

31,317

116,506

82

147,905

Depreciation charge for the year

-16,724

-15,071

-128

-31,923

Additions to right-of-use assets

23,086

7,877

455

32,678

Disposals

-1,564

-1,564

Balance at 30 September 2020

37,376

109,312

409

147,097

25.1.2 Amounts recognised in profit or loss

EUR 000

2020/2021

2019/2020

Interest on lease liabilities

-2,112

-1,183

Income from sub-leasing right-of-use assets presented in ‘Other Income’

2,346

2,445

25.1.3 Amounts recognised in the statement of cash flows

EUR 000

2020/2021

2019/2020

Total cash outflow for leases

29,005

36,413

25.1.4 Extension options

Some property leases contain extension options exercisable by the Group up to one year before the end of the non-cancellable contract period. Where practicable, the Group seeks to include extension options in new leases to provide operational flexibility. The extension options held are exercisable only by the Group and not by the lessors. The Group assesses at the lease commencement date whether it is reasonably certain to exercise the extension options. The Group reassesses whether it is reasonably certain to exercise the options if there is a significant event or significant changes in circumstances within its control.

As at 30 September 2021, the Group has determined based on a business decision that 1 of the extension options will be exercised, which resulted in an increase of lease liabilities of EUR 1,129.

25.2 Leases as Lessor

The Group leases out some of its leased buildings. All leases are classified as operating leases from a lessor perspective, as they do not transfer substantially all of the risks and rewards incidental to the ownership of the assets.

Rental income recognised by the Group during 2020/2021 amounted to EUR 2,346 (2019/2020: EUR 2,445).