Company: LBTYK
Filing Date: 2025-03-25
Form Type: 10-K/A
Source: 0001570585-25-000097
Chunk: 49

Company: Liberty Global Ltd.
Filing Date: 2025-03-25
Form: 10-K/A
Chunk 49
---
#### 31 December 2024, 2023 and 2022
(c) The current and long-term portions of our operating lease liabilities are included within other accrued and current liabilities and other long-term liabilities, respectively, on our consolidated balance sheets.

(d) The current and long-term portions of our finance lease liabilities are included within current portion of debt and finance lease obligations and long-term debt and finance lease obligations, respectively, on our consolidated balance sheets.

In August 2024, Cellnex UK ( Cellnex ), Vodafone and VMED O2 signed a new long-term agreement for Cellnex to provide tower infrastructure and associated services. This new agreement replaced a prior agreement that Cornerstone held directly with Cellnex. This resulted in the recognition of an operating lease ROU asset and an operating lease liability, amounting to £202.0 million in the period. An immaterial disposal was recorded in the period to reflect our share of the relevant leases that Cornerstone previously held with Cellnex.

A summary of our aggregate lease expense is set forth below:

|                               |     | Year ended 31 December |  2024 |     |   |  2023 |     |   |  2022 |
|:------------------------------|:----|:-----------------------|------:|:----|:--|------:|:----|:--|------:|
|                               |     | in millions            |       |     |   |       |     |   |       |
| Finance lease expense:        |     |                        |       |     |   |       |     |   |       |
| Depreciation and amortisation |     | £                      |   3.1 |     | £ |   2.7 |     | £ |   3.3 |
| Interest expense              |     |                        |   4.2 |     |   |   3.6 |     |   |   3.8 |
| Total finance lease expense   |     |                        |   7.3 |     |   |   6.3 |     |   |   7.1 |
| Operating lease expense (a)   |     |                        | 186.7 |     |   | 204.7 |     |   | 189.3 |
| Total lease expense           |     | £                      | 194.0 |     | £ | 211.0 |     | £ | 196.4 |

_______________

(a)