Lease liabilities

12 Months Ended

Dec. 31, 2022

. Lease liabilities


(Euro thousands)	2022			2021

At January 1,		140,059			136,885
Additions due to new leases and store renewals		15,606			36,607
Business combination		—			13,312
Decrease due to COVID-19 concessions		—			(80	)
Interest expense		6,658			5,586
Repayment of lease liabilities (including interest expense)		(41,364	)		(40,691	)
Contract modifications		19,922			(15,132	)
Disposals		(2,516	)		(1,821	)
Net foreign exchange differences		2,226			5,393

At December 31,		140,591			140,059

Of which:
Non-current		105,986			102,987
Current		34,605			37,072

In certain countries, leases for stores entail the payment of both minimum amounts and variable amounts, especially for stores with lease payments indexed to revenue. As required by IFRS 16, only the minimum fixed lease payments are capitalized.

The following table summarizes the undiscounted contractual cash flows of lease liabilities by maturity date:


(Euro thousands)	Total contractual cash flows of lease liabilities		Year 1		Year 2		Year 3		Beyond

At December 31, 2022		156,626		38,029		30,435		24,573		63,589
At December 31, 2021		166,592		43,687		29,393		21,698		71,814