Chapters
Annual Report 2019

17. Other Current and Non-Current Assets

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.