Asset Buyout Partners Annual Report 2020

Note 21 Leases Group as a lessor The Group has entered into leases on its property portfolio. Refer to Note 15 for further information. The Group as a lessee The most significant lease contracts for the group relates to leases of land. The right of use asset from these leases are classified as investment property. Other leases relates to office space and equipment. Right-of-use assets The Group’s right-of-use assets are categorised and presented in the tables below: 2020 Figures in NOK Office buildings Other leases Total property plant and equipment Investment properties (Land) Right-of-use assets Acquisition cost at 1 January 2020 4 317 588 1 238 989 5 556 576 28 679 367 Addition of right-of-use assets - - - - Disposals - - - - Adjustements 1) -516 768 38 070 -478 697 1 433 747 Acquisition cost at 31 December 2020 3 800 820 1 277 059 5 077 879 30 113 114 Accumulated depreciation and impairment at 1 January 2020 -1 335 212 -425 499 -1 760 711 -525 637 Depreciation -1 335 212 -422 614 -1 757 825 -566 407 Impairment losses in the period - - - - Disposals - - - - Accumulated depreciation and impairment at 31 December 2020 -2 670 423 -848 113 -3 518 536 -1 092 044 Carrying amount of right-of-use assets at 31 December 2020 1 130 397 428 946 1 559 343 29 021 070 1) adjustments include CPI adjustment 2019 Figures in NOK Office buildings Other leases Total property plant and equipment Investment properties (Land) Right-of-use assets Acquisition cost at 1 January 2019 4 317 588 1 238 989 5 556 576 26 353 054 Addition of right-of-use assets - - - 2 326 314 Disposals - - - - Acquisition cost at 31 December 2019 4 317 588 1 238 989 5 556 576 28 679 367 Accumulated depreciation and impairment at 1 January 2019 - - - - Depreciation/fair value adjustments -1 335 212 -425 499 -1 760 711 -525 637 Impairment losses in the period - - - - Disposals - - - - Accumulated depreciation and impairment at 31 December 2019 -1 335 212 -425 499 -1 760 711 -525 637 Carrying amount of right-of-use assets at 31 December 2019 2 982 376 813 490 3 795 866 28 153 730 Lower of remaining lease term or economic life 2-4 years 1-3 years 40-45 years Depreciation method Linear Linear Fair value Right-of-use asset related to Property, plant and equipement is presented as part of “Other assets”. Asset Buyout Partners | Annual Report 2020 43