In the normal course of its business, the Group leases property and vehicles. The Group’s maintains its lease of its Irish office and entered into a lease of its Spanish office (BrightHy). The majority of the lease liability arises from leases held through the Group’s subsidiaries, QIND, and Al Shola. These leases pertain to vehicles.

The Group has elected not to recognize right-of-use assets and lease liabilities for leases of low-value assets and short-term leases. The Group recognises the lease payments associated with these leases as an expense on a straight-line basis over the lease term.

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

Right-of-use assets related to leased properties, vehicles and land are presented as property, plant and equipment.

 Schedule of right-of-use assets related to leased properties

 Schedule of consolidated statement of profit or loss and other comprehensive income

 Schedule of amounts recognized in statement of cash flows

Lease liabilities are payable as follows:

 Schedule of lease liabilities payable

 Schedule of lease liabilities

 Schedule of lease liabilities non-current and current

The Group discounted its remaining lease payments for the calculation of the lease liability using an incremental borrowing rate ranging between 3% and 6% at a Fusion Fuel level. Lease liabilities within the Groups subsidiaries QIND and Al Shola were discounted using an incremental borrowing rate of 8%.