12. Other note / Lease liabilities
The leasing liabilities are recorded in the balance sheet on the basis of the economic approach, which includes all leasing contracts with the exception of short-term contracts (up to 12 months term) and low-value assets. The right-of-use is capitalized in the balance sheet and the leased assets are depreciated over the term of the lease.
| in CHF | Asset class | Useful life | 2019 | |||
|---|---|---|---|---|---|---|
| Position of balance | ||||||
| Property, plant, equipment and lease (rights-of-use assets) | Vehicles | 3 years | 25 918 | |||
| IT equipment | 5 years | 9 093 | ||||
| Total rights-of-use assets | 35 011 | |||||
| Leasing liabilities | 25 895 | |||||
| Position of income statement | ||||||
| Depreciation (rights-of-use assets) | –6 585 | |||||
| Interest expenses lease liabilities | –541 | |||||