24 Leases
The following table shows the development of right-of-use assets arising from leases within the meaning of IFRS 16 as of June 30, 2024, compared with December 31, 2023.
Development of Right-of-use Assets
Development of Right-of-use Assets | |||||
in € million | Dec. 31, 2023 | Jun. 30, 2024 | |||
Right-of-use assets | |||||
Leasehold contracts | 1,798.0 | 1,771.0 | |||
Interim rental agreements | 0.5 | 0.4 | |||
Right-of-use assets within investment properties | 1,798.5 | 1,771.4 | |||
Leasing of land for the construction of owner-occupied commercial properties | 32.2 | 32.0 | |||
Lease agreements for commercial premises | 48.3 | 57.1 | |||
Contracting | 78.0 | 72.2 | |||
Vehicle leases | 4.9 | 5.5 | |||
Leases of IT equipment | 1.0 | 1.0 | |||
Metering technology | 22.1 | 19.6 | |||
Right-of-use assets within property, plant and equipment | 186.5 | 187.4 | |||
1,985.0 | 1,958.8 | ||||
The following table shows the development of current and non-current liabilities arising from leases within the meaning of IFRS 16 as of June 30, 2024, compared with December 31, 2023.
Development of Lease Liabilities
Development of Lease Liabilities | |||||||||
Dec. 31, 2023 | Jun. 30, 2024 | ||||||||
in € million | Non-current | Current | Non-current | Current | |||||
Lease liabilities | |||||||||
Leasehold contracts (IAS 40) | 469.3 | 12.2 | 471.7 | 12.5 | |||||
Interim rental agreements | – | 0.5 | 0.0 | 0.3 | |||||
Leasing of land for the construction of | 33.4 | 0.2 | 32.8 | 0.2 | |||||
Lease agreements for commercial premises | 38.5 | 11.7 | 46.5 | 12.6 | |||||
Contracting | 67.2 | 11.8 | 61.8 | 11.4 | |||||
Vehicle leases | 2.6 | 2.3 | 2.9 | 2.7 | |||||
Leases of IT equipment | 0.5 | 0.5 | 0.6 | 0.4 | |||||
Metering technology | 17.8 | 4.7 | 15.6 | 4.6 | |||||
629.3 | 43.9 | 631.9 | 44.7 | ||||||