Leases

12 Months Ended

Dec. 31, 2022



Note 18			Leases

Right-of-use assets

BCE’s significant right-of-use assets under leases are satellites, office premises, land, cellular tower sites, retail outlets and OOH advertising spaces. Right-of-use assets are presented in Property, plant and equipment in the statements of financial position.


FOR THE YEAR ENDED DECEMBER 31, 2022	NOTE	NETWORK INFRASTRUCTURE AND EQUIPMENT	LAND AND BUILDINGS	TOTAL
COST
January 1, 2022		3,240	3,931	7,171
Additions		681	336	1,017

Transfers		(195)	(6)	(201)
Business combinations/(business disposition)		2	(11)	(9)
Lease terminations		(35)	(7)	(42)
Impairment losses recognized in earnings	8	—	(124)	(124)



December 31, 2022		3,693	4,119	7,812
ACCUMULATED DEPRECIATION
January 1, 2022		1,554	1,538	3,092
Depreciation		374	335	709

Transfers		(112)	(5)	(117)
Business disposition		—	(7)	(7)
Lease terminations		(12)	(3)	(15)

December 31, 2022		1,804	1,858	3,662
NET CARRYING AMOUNT
January 1, 2022		1,686	2,393	4,079
December 31, 2022		1,889	2,261	4,150


FOR THE YEAR ENDED DECEMBER 31, 2021	NOTE	NETWORK INFRASTRUCTURE AND EQUIPMENT	LAND AND BUILDINGS	TOTAL
COST
January 1, 2021		3,690	2,995	6,685
Additions		574	214	788
Transfers		(977)	722	(255)
Business combinations		—	12	12
Lease terminations		(47)	(6)	(53)
Impairment losses recognized in earnings	8	—	(6)	(6)


December 31, 2021		3,240	3,931	7,171
ACCUMULATED DEPRECIATION
January 1, 2021		1,473	1,086	2,559
Depreciation		419	275	694
Transfers		(310)	177	(133)
Lease terminations		(28)	—	(28)
December 31, 2021		1,554	1,538	3,092
NET CARRYING AMOUNT
January 1, 2021		2,217	1,909	4,126
December 31, 2021		1,686	2,393	4,079

Leases in net earnings

The following table provides the expenses related to leases recognized in net earnings.


FOR THE YEAR ENDED DECEMBER 31	2022	2021
Interest expense on lease liabilities	165	177
Variable lease payment expenses not included in the measurement of lease liabilities	133	122
Expenses for leases of low value assets	60	60
Expenses for short-term leases	27	31

Leases in the statements of cash flows

Total cash outflow related to leases was $1,272 million and $1,202 million for the period ended December 31, 2022 and December 31, 2021, respectively.

Additional disclosures

See Note 24, Debt due within one year, and Note 25, Long-term debt, for lease liabilities balances included in the statements of financial position.

See Note 29, Financial and capital management, for a maturity analysis of lease liabilities.

See Note 34, Commitments and contingencies, for leases committed but not yet commenced as at December 31, 2022.