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Investor Presentaiton

CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | FINANCIAL PERFORMANCE 2.3 DEPRECIATION AND AMORTIZATION Depreciation and amortization, MEUR Intangible assets Maintenance contracts Other Buildings Machinery and equipment Total Jan 1-Dec 31, 2021 Jan 1-Dec 31, 2020 Accounting principles Depreciation and amortization Depreciation and amortization are recorded on a straight-line basis over the economic useful lives of the assets, or over the lease contract periods, when applicable, if shorter. 36.4 36.8 11.3 11.6 74.6 73.2 Economic useful lives: 121.8 117.5 244.0 239.0 Maintenance contracts 10-15 years Other intangible assets Buildings 3-10 years 5-40 years Machinery and equipment Land is not depreciated. 4-15 years 45 KONE ANNUAL REVIEW 2021
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