Lease liabilities

12 Months Ended

Oct. 31, 2021

Li Cycle Holdings Corp [member]

Statement [line items]

Lease liabilities

15. Lease liabilities

The Company has the following lease liabilities as of October 31, 2021.

Maturity analysis	Year 1		Year 2		Year 3		Year 4		Year 5		Thereafter		Total
Undiscounted	$		$		$		$		$		$		$
Premises		4,468,877		4,590,357		3,741,940		3,332,312		3,290,786		16,302,071		35,726,343
Equipment		48,898		44,044		44,044		42,384		21,022		7,835		208,227
Total		4,517,775		4,634,401		3,785,984		3,374,696		3,311,808		16,309,906		35,934,570

Lease liabilities	Current		Non-Current		Total
Discounted	$		$		$
Premises		2,836,348		26,366,448		29,202,796
Equipment		32,447		129,626		162,073
Total		2,868,795		26,496,074		29,364,869

The Company has the following lease liabilities as of At October 31, 2020.

Maturity analysis	Year 1		Year 2		Year 3		Year 4		Year 5		Thereafter		Total
Undiscounted	$		$		$		$		$		$		$
Premises		769,865		650,087		549,908		565,742		462,851		1,410,237		4,408,690
Equipment		36,081		30,856		18,526		18,526		16,982		—		120,972
Total		805,946		680,943		568,434		584,268		479,833		1,410,237		4,529,662

Lease liabilities	Current		Non-Current		Total
Discounted	$		$		$
Premises		565,296		2,949,707		3,515,003
Equipment		26,059		72,108		98,167
Total		591,355		3,021,815		3,613,170

In the twelve months ended October 31, 2021, the Company recognized an interest expense of $449,571 related to lease liabilities.

The Company’s lease obligations include leases for plant operations, storage facilities, and office space for employees. In the twelve months ended October 31, 2021, the Company has added 4 new premises leases, 1 new equipment lease and modified 6 leases.