Right-of-use assets, long-term financial assets and lease liabilities

6 Months Ended

Jun. 30, 2025

Right-of-use assets, long-term financial assets and lease liabilities

Right-of-use assets, long-term financial assets and lease liabilities

6.Right-of-use assets, long-term financial assets and lease liabilities

AC Immune recognized no additions for its right-of-use of leased assets for the six months ended June 30, 2025.

Regarding lease liabilities, the amortization depends on the rate implicit in the contract or the incremental borrowing rate for the respective lease component. The weighted averages of the incremental borrowing rates are 3.5% for buildings, 3.3% for office equipment and 7.2% for IT equipment, respectively.

The following table shows the movements in the net book values of right-of-use of leased assets for the six months ended June 30, 2025:


				Office		IT
In CHF thousands		Buildings		equipment		equipment		Total
Balance as of December 31, 2024		5,320		91		26		5,437
Depreciation		(497)		(11)		(3)		(511)
Balance as of June 30, 2025		4,823		80		23		4,926

There are no variable lease payments that are not included in the measurement of lease obligations. All extension options have been included in the measurement of lease obligations.

For the three and six months ended June 30, 2025, and 2024, the impact on the Company’s condensed consolidated statements of income/(loss) and the condensed consolidated statements of cash flows is as follows:


		For the Three Months
		Ended June 30,
In CHF thousands		2025		2024
Statements of income/(loss)
Depreciation of right-of-use assets		260		169
Interest expense on lease liabilities		45		29
Expense for short-term leases and leases of low value		188		170
Total		493		368

Statements of cash flows
Total cash outflow for leases		488		372


		For the Six Months
		Ended June 30,
In CHF thousands		2025		2024
Statements of income/(loss)
Depreciation of right-of-use assets		511		337
Interest expense on lease liabilities		92		59
Expense for short-term leases and leases of low value		365		363
Total		968		759

Statements of cash flows
Total cash outflow for leases		965		762

The following table presents the contractual undiscounted cash flows for lease obligations as of June 30, 2025:


		As of
In CHF thousands		June 30, 2025
Less than one year		1,195
1-3 years		2,369
3-5 years		1,759
Total		5,323

The Company also has deposits in escrow accounts totaling CHF 0.6 million and CHF 0.4 million for leases of the Company’s premises as of June 30, 2025 and December 31, 2024, respectively. These deposits are presented in Long-term financial assets on the Company’s condensed consolidated balance sheets.