8.9.1.3
Lease liabilities
| 2019 | |
| € x 1,000 | |
| Lease liabilities non-current | 22,240 |
| Lease liabilities current | 7,983 |
| Lease liabilities at 31 December | 30,223 |
| Lease liabilities at 1 January | 32,618 |
| Lease payments | -10,401 |
| Divestments as a result of outgoing business combinations | -142 |
| Divestments from discontinuation of business | -2,396 |
| Additions | 5,694 |
| Reassessment of lease liabilities and lease modifications | 4,088 |
| Unwind of the discount on the lease liabilities | 618 |
| Effect of foreign exchange rate changes | 174 |
| Currency translation | -31 |
| Lease liabilities at 31 December | 30,223 |
The corresponding right-of-use assets are disclosed in note 6.10.2.
The cash flows from the following items are not included in the lease liabilities at 31 December:
| 2019 | |
| € x 1,000 | |
| Extension options | 4,383 |
| Termination options | -1,624 |
| Leases not yet commenced but to which Accell Group is committed | 418 |
The following costs related to leases are included in the income statement:
| Continued operations | Discontinued operations | 2019 | |
| € x 1,000 | € x 1,000 | € x 1,000 | |
| Depreciation of right-of-use assets (depreciations) | 9,301 | 893 | 10,194 |
| Unwind of the discount on the lease liabilities (net finance cost) | 549 | 69 | 618 |
| Loss (gain) related to lease modifications (depreciations) | -17 | -23 | -40 |
| Foreign exchange loss (gain) on lease liabilities (net finance cost) | 174 | - | 174 |
| Impairment of right-of-use assets (depreciations) | - | - | - |
| Short-term leases (other operating expenses) | 1,682 | -26 | 1,657 |
| Leases of low-value assets (other operating expenses) | 47 | - | 47 |
| Total | 11,737 | 913 | 12,650 |
Accounting estimates and judgements
Accell Group has elected not to separate non-lease components and account for the lease and non-lease components as a single lease component.
The lease term includes periods covered by an option to extend or to terminate early if Accell Group is reasonably certain to exercise that option.
The incremental borrowing rate is determined each quarter based on current market interest rates per lease term and lease currency adjusted for Accell Group's annual budgeted loan spread, because all Accell Group financing is coordinated centrally.
Accounting policy
A right-of-use asset and a lease liability are recognized at the lease commencement date. The lease liability is initially measured at the present value of the lease payments that have not been paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, Accell Group’s incremental borrowing rate. Generally, the incremental borrowing rate (‘IBR’) is used as the discount rate. Subsequently, the lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from among other things a change in an index or rate, extension or termination option. When the lease liability is remeasured, a corresponding adjustment is made to the carrying amount of the right-of-use asset or if the carrying amount of the right-of-use asset is reduced to zero an impairment loss is recognized in profit or loss.