Accounting Policy
Accounting policy applied until 31 December 2018
Key money in countries where there is not an active market for key money is recognized within other non-current assets and the current part in other current assets and amortized over the contractual lease period.
Rent prepayments is rent paid in advance of the rental period. The amount that has not yet been used as of the balance sheet date is reported on the balance sheet.
Accounting policy applied from 1 January 2019
Key money paid and rent prepayments made before commencement of lease are recognized as a part of right-of-use assets. Rent prepayments made during the lease term are recognized as a reduction of lease liabilities. For more details refer to note 12 .
Other current and non-current assets can be specified as follows:
in thousands of EUR | 31 December 2019 | 31 December 2018 | |
|---|---|---|---|
Current | Current | Non-current | |
Key money | - | 3,439 | 10,451 |
Rent prepayments | 2,100 | 19,278 | - |
Other prepayments and current assets | 30,505 | 27,083 | - |
Total | 32,605 | 49,800 | 10,451 |
At 1 January 2019, total amount of €26,400 is reclassified from other current and non-current assets following implementation of IFRS 16, because it relates to rent prepayments and key money.