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 2022 | 114,070 | 2,435 | 117 | 116,622 | 187,352 |
| Additions | 11,293 | 0 | 0 | 11,293 | 11,293 |
| Depreciation expense | -8,744 | -71 | -70 | -8,885 | |
| Interest expenses | 4,256 | ||||
| Payments | -14,114 | ||||
| Foreign exchange effects | -1,381 | 0 | 0 | -1,381 | -2,004 |
| Balance as at 31 December 2022 | 115,238 | 2,364 | 47 | 117,649 | 186,783 |
| Of which current | 0 | 0 | 0 | 0 | 10,063 |
| Of which non-current | 115,238 | 2,364 | 47 | 117,649 | 176,720 |
| 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 |
Set out below is the maturity analysis of contractual undiscounted cash flows as at 31 December:
| in TUSD | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|
| Maturity less than 1 year | 14,427 | 13,784 |
| Maturity 1-5 years | 41,452 | 43,067 |
| Maturity more than 5 years | 186,217 | 188,347 |
| Balance as at 31 December | 242,096 | 245,198 |
FIFA recognised lease expenses from short-term leases of USD 0.4 million (2021: USD 0.3 million) for the year ended 31 December 2022. There are no leases to which FIFA is committed that have not yet commenced.