Asset Buyout Partners Annual Report 2020

The following are the amounts recognised in profit or loss: Figures in NOK 2020 2019 Depreciation expense of right-of-use assets 1 757 825 1 760 711 Fair value adjustments on leases classified as investment property 566 407 525 637 Interest expense on lease liabilities 1 881 662 1 885 917 Total amount recognised in profit or loss 4 205 894 4 172 265 Total cash outflows for leases 4 199 412 4 098 423 Figures in NOK 2020 2019 Summary of other lease expenses recognised in profit or loss Variable lease payments expensed in the period 264 860 0 Operating expenses in the period related to short-term leases (including short-term low value assets) 0 0 Operating expenses in the period related to low value assets (excluding short-term leases included above) 0 0 Total lease expenses included in other operating expenses - The lease contracts in the group do not contein any material lease payment or options to aquire the underling assets. For leases of land (invesment property) the lease term is assessed to be the same as the useful life the buildings on the land. Note 22 Subsequent events The deals referenced in note 7 was closed 1 February 2021. Other than this, there have been no significant events since year end. Asset Buyout Partners | Annual Report 2020 45