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 | ||||||