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Assets for Rights of Use and Lease Liabilities | 12 Months Ended
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Dec. 31, 2023
Presentation of leases for lessee [abstract] |
Assets for Rights of Use and Lease Liabilities | 9. ASSETS FOR RIGHTS OF USE AND LEASE LIABILITIES Group as a lessee The Group has lease contracts for various items of plant, machinery, vehicles and other equipment used in its operations. Leases of plant and machinery generally have lease terms between 3 and 20 years, while motor vehicles and other equipment generally have lease terms between 3 and 5 years. The Group’s obligations under its leases are secured by the lessor’s title to the leased assets. Generally, the Group is restricted from assigning and subleasing the leased assets. a) Set out below are the carrying amounts of right-of-use assets recognized and the movements during the periods:
(In thousand Euros) |  | Buildings |  |  | Vehicles |  |  | Other assets |  |  | Total |
Balance at January 1, 2022 |  |  | 16,819 |  |  |  | 966 |  |  |  | 719 |  |  |  | 18,504 |
Additions |  |  | 7,877 |  |  |  | 758 |  |  |  | 64 |  |  |  | 8,699 |
Business combinations (Note 6) |  |  | 402 |  |  |  | — |  |  |  | 822 |  |  |  | 1,224 |
Depreciation for the year |  |  | (2,560 | ) |  |  | (527 | ) |  |  | (310 | ) |  |  | (3,397 | )
Others |  |  | (553 | ) |  |  | — |  |  |  | — |  |  |  | (553 | )
Translation differences |  |  | 413 |  |  |  | (2 | ) |  |  | — |  |  |  | 411 |
Balance at December 31, 2022 |  |  | 22,398 |  |  |  | 1,195 |  |  |  | 1,295 |  |  |  | 24,888 |
Additions |  |  | 272 |  |  |  | 522 |  |  |  | 592 |  |  |  | 1,386 |
Business combinations (Note 6) |  |  | 9,387 |  |  |  | 547 |  |  |  | 3,080 |  |  |  | 13,014 |
Depreciation for the year |  |  | (2,561 | ) |  |  | (657 | ) |  |  | (590 | ) |  |  | (3,808 | )
Others |  |  | 245 |  |  |  | — |  |  |  | — |  |  |  | 245 |
Translation differences |  |  | (246 | ) |  |  | (56 | ) |  |  | — |  |  |  | (302 | )
Balance at December 31, 2023 |  |  | 29,495 |  |  |  | 1,551 |  |  |  | 4,377 |  |  |  | 35,423 |
Main variation in 2023 is explained by the additions of ABL’s Group leases. These mainly refer to a couple of production and storage facilities and some production machinery. Additions in 2022 primarily related to the facility in Arlington, Texas (USA) with a lease term of 10 years. b) Set out below are the carrying amounts of lease liabilities and the movements during the periods:
(In thousand Euros) |  | Buildings |  |  | Vehicles |  |  | Other assets |  |  | Total |
Balance at January 1, 2022 |  |  | 18,115 |  |  |  | 968 |  |  |  | 626 |  |  |  | 19,709 |
Additions to liabilities |  |  | 7,783 |  |  |  | 663 |  |  |  | 71 |  |  |  | 8,517 |
Business combinations (Note 6) |  |  | 402 |  |  |  | — |  |  |  | 586 |  |  |  | 988 |
Interest on lease liabilities |  |  | 1,210 |  |  |  | 40 |  |  |  | 17 |  |  |  | 1,267 |
Lease payments |  |  | (2,322 | ) |  |  | (492 | ) |  |  | (315 | ) |  |  | (3,129 | )
Others |  |  | (340 | ) |  |  | — |  |  |  | — |  |  |  | (340 | )
Translation differences |  |  | 289 |  |  |  | — |  |  |  | — |  |  |  | 289 |
Balance at December 31, 2022 |  |  | 25,137 |  |  |  | 1,179 |  |  |  | 985 |  |  |  | 27,301 |
Additions to liabilities |  |  | 272 |  |  |  | 522 |  |  |  | 592 |  |  |  | 1,386 |
Business combinations (Note 6) |  |  | 9,387 |  |  |  | 547 |  |  |  | 3,080 |  |  |  | 13,014 |
Interest on lease liabilities |  |  | 1,230 |  |  |  | 41 |  |  |  | 70 |  |  |  | 1,341 |
Lease payments |  |  | (2,742 | ) |  |  | (681 | ) |  |  | (727 | ) |  |  | (4,150 | )
Others |  |  | 245 |  |  |  | — |  |  |  | — |  |  |  | 245 |
Translation differences |  |  | (66 | ) |  |  | (94 | ) |  |  | — |  |  |  | (160 | )
Balance at December 31, 2023 |  |  | 33,463 |  |  |  | 1,514 |  |  |  | 4,000 |  |  |  | 38,977 |
An analysis of the contractual maturity of lease liabilities, including future interest payable, is as follows:
(In thousand Euros) |  | December 31, 2023 |  |  | December 31, 2022 |  |  | December 31, 2021 |
6 months or less |  |  | 3,491 |  |  |  | 1,892 |  |  |  | 1,189 |
6 months to 1 year |  |  | 3,339 |  |  |  | 1,952 |  |  |  | 1,223 |
From 1 to 2 years |  |  | 5,760 |  |  |  | 3,879 |  |  |  | 2,371 |
From 2 to 5 years |  |  | 13,925 |  |  |  | 9,844 |  |  |  | 6,713 |
More than 5 years |  |  | 25,020 |  |  |  | 17,820 |  |  |  | 15,320 |
Total |  |  | 51,535 |  |  |  | 35,387 |  |  |  | 26,816 |
Amounts recognized in profit or loss derived from lease liabilities and expenses on short-term and low value leases (IFRS 16 exemption applied) are as follows:
(In thousand Euros) |  | 2023 |  |  | 2022 |  |  | 2021 |
Interest on lease liabilities (see note 22) |  |  | 1,341 |  |  |  | 1,267 |  |  |  | 631 |
Expenses relating to short-term and low value leases (see note 20) |  |  | 2,314 |  |  |  | 3,454 |  |  |  | 567 |
Of the leasing contracts, those related to vehicle rental do not have extension options, whereas leasing contracts for plants and office buildings may include extension options that have been considered from the inception of the lease.

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