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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