Total CHF 000s CHF 000s CHF 000s 2022 Balance at 1 January 4,321
165
4,486
Additions
2,825
14
2,839
Derecognition of right-of-use assets
( 109)
-
( 109)
Depreciation charge for the year
( 3,237)
( 79)
( 3,316)
Balance at 31 December 3,800 100 3,900
Vehicles & Equipment Land and Buildings 2021 Balance at 1 January 4,041
206
4,247
Additions
3,506
33
3,539
Derecognition of right-of-use assets
( 53)
-
( 53)
Depreciation charge for the year
( 3,173)
( 74)
( 3,247)
Balance at 31 December 4,321 165 4,486
INTERNATIONAL FEDERATION OF RED CROSS AND RED CRESCENT SOCIETIES, GENEVA NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Page 37
Public
3.7 Leases – IFRC as a lessee (continued) Lease liabilities Lease liabilities are initially measured as the present value of future lease payments. The IFRC has elected not to measure its
lease liabilities on a discounted basis because the effect of discounting is not material. Lease payments included in the
measurement of the lease liabilities comprise the fixed lease payments less any incentives receivable, variable lease payments
that depend on an index or a rate, amounts expected to be payable by the lessee under residual value guarantees; and exercise
price of purchase options when the exercise of the options is reasonably certain to occur; and any anticipated termination
penalties. The IFRC remeasures the lease liability and makes a corresponding adjustment to the related ROU asset whenever
the lease term has changed.
