27 | Leases
FIFA is a lessee and has contracts for various buildings, offices and other equipment as well as land that are accounted for by recognising a right-of-use asset and a lease liability. Set out below are the carrying amounts of FIFA’s right-of-use assets and lease liabilities as well as their movements during the period. For the carrying amounts of FIFA’s right-of-use assets, please also refer to Note 20 – Property and equipment.
| in TUSD | Leased operational buildings | Leased land | Leased offices and other equipment | Total right-of- use assets | Total lease liabilities |
|---|---|---|---|---|---|
| Balance as at 1 January 2021 | 120,648 | 2,506 | 296 | 123,450 | 198,116 |
| Additions | 4,822 | 0 | 0 | 4,822 | 4,822 |
| Depreciation expense | -8,448 | -71 | -179 | -8,698 | |
| Interest expenses | 4,701 | ||||
| Payments | -14,379 | ||||
| Foreign exchange effects | -2,952 | 0 | 0 | -2,952 | -5,908 |
| Balance as at 31 December 2021 | 114,070 | 2,435 | 117 | 116,622 | 187,352 |
| Of which current | 0 | 0 | 0 | 0 | 8,938 |
| Of which non-current | 114,070 | 2,435 | 117 | 116,622 | 178,414 |
| in TUSD | Leased operational buildings | Leased land | Leased offices and other equipment | Total right-of- use assets | Total lease liabilities |
|---|---|---|---|---|---|
| Balance as at 1 January 2020 | 115,453 | 2,577 | 281 | 118,311 | 187,151 |
| Additions | 1,292 | 0 | 217 | 1,509 | 1,509 |
| Depreciation expense | -6,336 | -71 | -195 | -6,602 | |
| Interest expenses | 4,734 | ||||
| Payments | -12,218 | ||||
| Foreign exchange effects | 10,239 | 0 | -7 | 10,232 | 16,940 |
| Balance as at 31 December 2020 | 120,648 | 2,506 | 296 | 123,450 | 198,116 |
| Of which current | 0 | 0 | 0 | 0 | 8,998 |
| Of which non-current | 120,648 | 2,506 | 296 | 123,450 | 189,118 |
Set out below is the maturity analysis of contractual undiscounted cash flows as at 31 December:
| in TUSD | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|
| Maturity less than 1 year | 13,784 | 13,861 |
| Maturity 1-5 years | 43,067 | 44,537 |
| Maturity more than 5 years | 188,347 | 203,466 |
| Balance as at 31 December | 245,198 | 261,864 |
FIFA recognised lease expenses from short-term leases of USD 0.3 million (2020: USD 0.3 million) for the year ended 31 December 2021. There are no leases to which FIFA is committed that have not yet commenced.
