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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||2020||2019|
|Position of balance|
|Property, plant, equipment and lease (rights-of-use assets)||Vehicles||3 years||15 842||25 918|
|Office spaces||5 years||391 597||–|
|IT equipment||5 years||6 721||9 093|
|Total rights-of-use assets||414 160||35 011|
|Leasing liabilities||409 910||25 895|
|Position of income statement|
|Depreciation (rights-of-use assets)||–55 777||–6 585|
|Interest expenses lease liabilities||–2 859||–541|