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Right-of-use assets and associated liabilities | 12 Months Ended
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Dec. 31, 2022
Right of use and associated liabilities [Abstract] |
Disclosure of right of use and associated liabilities [Text Block] | 3.7 RIGHT-OF-USE ASSETS AND ASSOCIATED LIABILITIES Set out below are movements in right-of-use assets in the balance sheet:
MOVEMENTS (Million euro) | LAND | BUILDINGS | VEHICLES | PLANT AND MACHINERY | OFFICE EQUIPMENT AND OTHER | TOTAL
BALANCE AT 12/31/2022 | 13 |  | 77 |  | 61 |  | 29 |  | 3 |  | 183 |
Additions | 2 |  | 16 |  | 34 |  | 30 |  | 5 |  | 87 |
Disposals | 2 |  | 3 |  | 1 |  | (2) |  | (1) |  | 3 |
Transfers and other | (2) |  | 6 |  | — |  | (2) |  | — |  | 2 |
Depreciation/amortization | (1) |  | (15) |  | (27) |  | (20) |  | (2) |  | (65) |
Scope changes | (2) |  | (4) |  | (5) |  | (1) |  | — |  | (12) |
Foreign exchange effect | — |  | — |  | (1) |  | (1) |  | — |  | (2) |
BALANCE AT 12/31/2023 | 12 |  | 83 |  | 63 |  | 33 |  | 5 |  | 196 |
Additions | 26 |  | 25 |  | 61 |  | 27 |  | 4 |  | 143 |
Disposals | — |  | (7) |  | (4) |  | (6) |  | — |  | (17) |
Transfers and other | — |  | 1 |  | 1 |  | 4 |  | (1) |  | 5 |
Depreciation/amortization | (4) |  | (24) |  | (41) |  | (20) |  | (4) |  | (93) |
Scope changes | (3) |  | — |  | — |  | — |  | — |  | (3) |
Foreign exchange effect | 1 |  | 2 |  | 3 |  | 1 |  | — |  | 7 |
BALANCE AT 12/31/2024 | 32 |  | 80 |  | 83 |  | 39 |  | 4 |  | 238 |
The most significant variations under this heading relate to additions totaling EUR 143 million (EUR 87 million in 2023), of which EUR 109 million (EUR 72 million in 2023) correspond to the Construction Division leases. Movements in lease liabilities are set out below:
| LEASE LIABILITIES
BALANCE AT 12/31/2022 | 184 |
Additions under new leases | 97 |
Associated financial expenses | 14 |
Payments | (87) |
Foreign exchange effect | (1) |
Consolidation scope changes and other | (7) |
BALANCE AT 12/31/2023 | 200 |
Additions under new leases | 143 |
Associated financial expenses | 12 |
Payments | (104) |
Foreign exchange effect | 7 |
Consolidation scope changes and other | (13) |
BALANCE AT 12/31/2024 | 245 |
Short-term lease liabilities 2024 | 80 |
Long-term lease liabilities 2024 | 165 |
Set out below are future maturities of lease liabilities in each business area at December 31, 2024:
| 2025 | 2026 | 2027 | 2028 | 2029 | 2030 and beyond | TOTAL
Corporation | 3 |  | 3 |  | 3 |  | 3 |  | 3 |  | 11 |  | 26 |
Construction | 68 |  | 44 |  | 27 |  | 14 |  | 8 |  | 24 |  | 185 |
Toll Roads | 2 |  | 2 |  | — |  | — |  | — |  | — |  | 4 |
Other | 7 |  | 4 |  | 1 |  | — |  | — |  | 18 |  | 30 |
TOTAL LEASE LIABILITIES | 80 |  | 53 |  | 31 |  | 17 |  | 11 |  | 53 |  | 245 |
At December 31, 2024 lease expenses recognized in operating profit/(loss) reached EUR 257 million (EUR 251 million in 2023 and EUR 257 million in 2022), relating to the following items: a. Expenses under agreements which though meeting the definition of a lease under IFRS 16, qualify for the exemptions granted by the standard for short-term leases, and leases for which the underlying asset is of low value. Given the nature of the Group’s business, assets are normally leased to carry out various phases of a project for periods of less than one year or are considered to have a low value (below EUR 5,000). b. Agreements that are not leases as defined in IFRS 16 as they do not convey the right to control the use of an identified asset or even if an asset is specified, the supplier has the substantive right to substitute the asset throughout the period of use. This is especially frequent in construction projects.

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- Definition Right of use and associated liabilities + References No definition available. + Details
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