Asset Buyout Partners Annual Report 2019

Figures in NOK Total Summary of the lease liabilities At initial application at 1 January 2019 31 909 630 New lease liabilities recognised in the year 2 326 314 Cash payments for the principal portion of the lease liability -2 212 505 Cash payments for the interest portion of the lease liability -1 885 917 Interest expense on lease liabilities 1 885 917 Total lease liabilities at 31 December 2019 32 023 438 Total lease liability at 31 December 2019 is presented as part of other long-term and other short-term liabilities with the following amounts: Figures in NOK Current lease liabilities 2 317 792 Non-current lease liabilities 29 705 647 The leases do not contain any restrictions on the Group’s dividend policy or financing. The Group does not have significant residual value guarantees related to its leases to disclose. The following are the amounts recognised in profit or loss: Figures in NOK Total Depreciation expense of right-of-use assets 1 760 711 Fair value adjustments on leases classified as investment property 525 637 Interest expense on lease liabilities 1 885 917 Total amount recognised in profit or loss 4 172 265 Total cash outflows for leases 4 098 423 Asset Buyout Partners | Annual Report 2019 44