| Right of Use Assets and Lease Liabilities |
9.Right of Use Assets and Lease Liabilities The considerations regarding the lease terms and the recognition exception are consistent with those disclosed in the 2025 Consolidated Financial Statements. a) Set out below are the carrying amounts of right-of-use assets recognized and the movements during the six months ended June 30, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousand Euros) |
|
Buildings |
|
|
Vehicles |
|
|
Other assets |
|
|
Total |
|
Balance at December 31, 2025 |
|
|
23,481 |
|
|
|
986 |
|
|
|
4,072 |
|
|
|
28,539 |
|
Additions |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Depreciation for the period |
|
|
(1,327 |
) |
|
|
(206 |
) |
|
|
(734 |
) |
|
|
(2,267 |
) |
Disposals |
|
|
(2,597 |
) |
|
|
— |
|
|
|
— |
|
|
|
(2,597 |
) |
Translation differences |
|
|
141 |
|
|
|
— |
|
|
|
2 |
|
|
|
143 |
|
Balance at June 30, 2026 |
|
|
19,698 |
|
|
|
780 |
|
|
|
3,340 |
|
|
|
23,818 |
|
b) Set out below are the carrying amounts of lease liabilities and the movements during the six months ended June 30, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousand Euros) |
|
Buildings |
|
|
Vehicles |
|
|
Other assets |
|
|
Total |
|
Balance at December 31, 2025 |
|
|
28,601 |
|
|
|
417 |
|
|
|
4,086 |
|
|
|
33,104 |
|
Additions to liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Interest on lease liabilities |
|
|
718 |
|
|
|
11 |
|
|
|
69 |
|
|
|
798 |
|
Lease payments |
|
|
(2,038 |
) |
|
|
(278 |
) |
|
|
(635 |
) |
|
|
(2,951 |
) |
Disposals |
|
|
(3,778 |
) |
|
|
— |
|
|
|
— |
|
|
|
(3,778 |
) |
Translation differences |
|
|
66 |
|
|
|
— |
|
|
|
2 |
|
|
|
68 |
|
Balance at June 30, 2026 |
|
|
23,569 |
|
|
|
150 |
|
|
|
3,522 |
|
|
|
27,241 |
|
An analysis of the contractual maturity of lease liabilities, including future interest payable, is as follows:
|
|
|
|
|
|
|
|
|
(In thousand Euros) |
|
June 30,
2026 |
|
|
December 31,
2025 |
|
6 months or less |
|
|
2,438 |
|
|
|
2,941 |
|
6 months to 1 year |
|
|
2,330 |
|
|
|
2,811 |
|
From 1 to 2 years |
|
|
10,085 |
|
|
|
10,467 |
|
From 2 to 5 years |
|
|
21,858 |
|
|
|
22,686 |
|
More than 5 years |
|
|
2,902 |
|
|
|
3,377 |
|
|
|
|
39,613 |
|
|
|
42,282 |
|
Amounts recognized in profit or loss derived from lease liabilities and expenses on short-term and low value leases (IFRS 16 exemption applied) are as follows:
|
|
|
|
|
|
|
|
|
(In thousand Euros) |
|
June 30,
2026 |
|
|
June 30
2025 |
|
Interest on lease liabilities (see note 20) |
|
|
798 |
|
|
|
892 |
|
Expenses relating to short-term and low value leases (see
note 18) |
|
|
353 |
|
|
|
297 |
|
|