Note 13 Lease agreements The Bank has agreed to lease premises in Vollsveien 2A and 2B, 1366 Lysaker, as well as parking lots related to the location. The leasing agreement expires 31 December 2023. All the Bank’s right of use assets is classified as the same class of underlying assets The Bank has no short term leasing agreements or any leasing with low value that could have been classified as operational leasing according to the accounting standard. See note 11 for further information regarding right-of-use assets. Amounts in NOK million 2021 2020 Interest expenses for lease liabilities 0.7 1.0 Total outgoing cash flows for lease agreements 4.5 4.5 Profit or loss from sale or leaseback transactions - - Cost related to variable leasing payments - - Income from sublease - - Lease liabilities in the balance sheet 8.8 12.6 OUTGOING CASH FLOWS FOR LEASING AGREEMENTS: Amounts in NOK million 2021 2020 Within 1 year 4.5 4.5 1-3 year 4.5 9.0 Above 5 years - - Total 9.0 13.5 Komplett Bank / Annual Report 2021 67
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