9 Finance expenses
2022 | 2021 | |
Finance expenses on bank balances | 173 | 1,256 |
Interest on lease liabilities | 3,842 | 2,919 |
Total finance expenses | 4,015 | 4,175 |
The Fund had no external loans and borrowings during 2022. The Fund was subject to the negative interest rate development for its bank balances during the first half of the year. During the second half of the year the interest was positive.
Costs for land lease are classified as finance expenses under IFRS16.