XML 34 R16.htm IDEA: XBRL DOCUMENT v3.24.0.1
Rights of Use
 12 Months Ended
Dec. 31, 2023
Rights of Use [Abstract]  
Rights of Use Rights of use
The movement of rights of use in 2023 and 2022 is as follows:
2023     
Millions of eurosBalance at 12/31/2022AdditionsAmortizationDisposalsTransfers and othersTranslation differences and hyperinflationBalance at 12/31/2023
Rights of use on land and natural properties885 194 (231)(10)— (4)834 
Rights of use on buildings4,130 1,345 (1,172)(95)1 78 4,287 
Rights of use on plant and machinery3,037 752 (686)(26)3 — 3,080 
Other rights of use227 100 (70)(2)(6)(2)247 
Total of rights of use8,279 2,391 (2,159)(133)(2)72 8,448 
2022     
Millions of eurosBalance at 12/31/2021AdditionsAmortizationDisposalsBusiness combinationsTransfers and othersTranslation differences and hyperinflationBalance at 12/31/2022
Rights of use on land and natural properties793 367 (279)(7)— (15)26 885 
Rights of use on buildings3,561 1,402 (1,139)(29)110 (11)236 4,130 
Rights of use on plant and machinery3,024 596 (574)(19)— (5)15 3,037 
Other rights of use201 83 (72)(2)1 11 5 227 
Total of rights of use7,579 2,448 (2,064)(57)111 (20)282 8,279 
"Business combinations" in 2022 corresponded to the acquisition of rights of use of Oi, the Incremental Group and the BE-terna Group (see Note 5) amounted to 105, 1 and 5 million euros, respectively.
The effect of the translation into euros of rights of use of the Group's companies in Argentina and Venezuela, together with the effect of the hyperinflation adjustments (see Note 3.a) is shown in the column "Translation differences and hyperinflation adjustments".
In 2022, there was an increase in amortization of rights of use amounted to 17 million euros (40 million euros in 2021) due to the reduction in the useful lives of certain rights of use of Telefónica México as a result of the transformation of the operating model announced in November 2019.
The gross cost and accumulated depreciation of the rights of use at December 31, 2023 and 2022 are as follows:
Balance at December 31, 2023
Millions of eurosGross costAccumulated depreciationRights of use
Rights of use on land and natural properties2,051 (1,217)834 
Rights of use on buildings9,411 (5,124)4,287 
Rights of use on plant and machinery5,250 (2,170)3,080 
Other rights of use498 (251)247 
Total of rights of use17,210 (8,762)8,448 
Balance at December 31, 2022
Millions of eurosGross costAccumulated depreciationRights of use
Rights of use on land and natural properties1,923 (1,038)885 
Rights of use on buildings8,053 (3,923)4,130 
Rights of use on plant and machinery4,560 (1,523)3,037 
Other rights of use469 (242)227 
Total of rights of use15,005 (6,726)8,279 
The detail of expenses related to leases included in Supplies and Other expenses (see Note 3.g) of the consolidated income statement for 2023 and 2022 are as follows:
Millions of euros20232022
Short-term leases included in operating results as supplies73 79 
Variable lease payments not included in the measurement of lease liabilities14 17 
Total expenses as supplies87 96 
Short-term leases included in external services45 52 
Leases of low-value assets included in external services7 8 
Variable lease payments not included in the measurement of lease liabilities16 26 
Total expenses as external services (Note 26)68 86 
Total lease expenses155 182