Hybrid Software Group PLC Annual Report 2022 Hybrid Software Group Strategic report Governance Financial statements Other information Hybrid Software Group PLC Annual Report 2022 98 99 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) 25. CAPITAL AND RESERVES (CONTINUED) Treasury shares: The Company's investment in its own shares in treasury is as follows: 2022 2021 In thousands of euros, except number of shares Number Value Number Value As at 1 January 73,996 202 112,996 309 Disbursement of shares to employees (15,000) (41) (39,000) (107) As at 31 December 58,996 161 73,996 202 26. LEASES Group as lessee The Group leases office facilities and motor vehicles. The office leases typically run for a period of 6 years with an option to renew the lease at the end of the term and motor vehicle leases typically run for 3 years. Lease payments are agreed at the inception of the lease and at any subsequent renewal. Right-of-use assets In thousands of euros Land and buildings Motor vehicles Total Balance at 31 December 2020 1,279 - 1,279 Additions 90 114 204 Additions – business combinations (see note 34) 1,303 119 1,422 Remeasurements 1,438 - 1,438 Depreciation charge for the year (718) (106) (824) Effect of movement in exchange rates 77 10 87 Balance at 31 December 2021 3,469 137 3,606 Additions - 67 67 Remeasurements 123 - 123 Disposals - (11) (11) Depreciation charge for the year (722) (99) (821) Effect of movement in exchange rates (36) (16) (52) Balance at 31 December 2022 2,834 78 2,912 These right-of-use assets are depreciated on a straight-line basis over the remaining term of the rental agreement. As at the date of these financial statements, the remaining terms range from 6 months to 7 years. Remeasurements are the result of an extension to the term of an existing lease. Lease liabilities In thousands of euros 2022 2021 Current 834 761 Non-current 2,560 3,060 Total lease liabilities 3,394 3,821 It is expected that as a lease matures it will either be extended or replaced by a new lease on similar terms. There are no variable lease payments, all lease payments are for fixed amounts agreed at the outset of the lease. Amounts recognised in the Consolidated Statement of Comprehensive Income: In thousands of euros 2022 2021 Interest on lease liabilities 150 163 Expenses relating to short-term leases 99 77 Total recognised in profit or loss 249 240 A short-term lease is a lease that, at the commencement date, has a lease term of 12 months or less. The Group has elected to apply the recognition exemption under paragraph 5 of IFRS 16 and recognise the associated payments in profit or loss. The short-term leases are leases for office space with a duration of 12 months or less. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) 26. LEASES (CONTINUED) Cash out flow for leases: In thousands of euros 2022 2021 Lease liability interest 150 163 Principal payments 935 849 Total cash outflow for leases 1,085 1,012 Maturity analysis of contractual undiscounted cash flows for lease payments: In thousands of euros 2022 2021 Within 1 year 972 907 Between 1 and 2 years 919 853 Between 2 and 3 years 883 804 Between 3 and 4 years 527 781 Between 4 and 5 years 160 463 After 5 years 320 479 Total undiscounted lease liabilities at 31 December 3,781 4,287 Group as lessor – finance leases The Group has cancellable leases, as intermediate lessor, of motor vehicles. The terms of these leases vary. The following amounts are recognised in the Consolidated Statement of Comprehensive Income: In thousands of euros 2022 2021 Income received from subleasing right-of-use assets 49 4 Finance income on net investment in leases (20) (2) Total amount recognised in profit or loss 29 2 Future minimum lease payments receivable for motor vehicles under cancellable finance leases are set out below: In thousands of euros 2022 2021 Within 1 year 103 27 Between 1 and 2 years 78 23 Between 2 and 3 years 72 - Between 3 and 4 years 53 - Between 4 and 5 years - - After 5 years - - Total undiscounted lease payments receivable 306 50 Unearned finance income (41) (3) Net investment in the lease 265 47 In thousands of euros 2022 2021 Current (see note 23) 85 25 Non-current (see note 18) 180 22 Total finance lease receivable 265 47 27. OTHER LIABILITIES Financial liabilities measured at fair value. In thousands of euros 2022 2021 Contingent consideration 635 1,434 Deferred consideration 932 1,157 Other liabilities 152 183 Unsecured loan from related party (see note 32) 8,093 8,400 Total other liabilities 9,812 11,174 In thousands of euros 2022 2021 Current 5,881 3,767 Non-current 3,931 7,407 Total other liabilities 9,812 11,174
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