BASF Report 2021 Consoli dated Financial Statements – Notes 245 Expenses and income in the statement of income from leases for BASF Future lease payments to BASF from operating lease contracts as lessee Million € Million € December 31, 2021 December 31, 2020 2021 2020 2022 35 32 Interest expenses for lease liabilities –36 –36 2023–2026 106 92 Expenses for variable lease payments not included in the –30 –13 measurement of lease liabilities 2027 and thereafter 49 48 Income from sublease agreements – 1 Total 190 172 Expenses for short-term leases –129 –131 Expenses for leases for low-value assets –27 –43 Income from leases for BASF as lessor Gains and losses from sale and leaseback transactions – – Million € 2021 2020 Total –222 –222 Income from finance leases 3 25 In 2021 and 2020, no material sale and leaseback transactions of which gains and losses from sales 1 24 occurred. financial income from net investment 2 1 in the lease A rental agreement for a building representing a volume of €60 mil- income from variable lease payments not – – lion was concluded in December 2021. The rental term begins at included in measurement of net investment the end of 2022. Income from operating leases 35 31 of which income from variable lease payments not – – BASF as lessor dependent upon an index or interest rate Total 38 56 BASF acts as a lessor for finance leases to a minor extent only. Receivables on finance leases were €44 million in 2021 (2020: €44 million). The leased assets pertained primarily to buildings and production facilities. Claims arising from operating leases amounted to €190 million in 2021 (2020: €172 million). As in the previous year, there were no material operating leases for property, plant and equipment.