Agribel Annual Financial Review | Page 21

AGRIBEL HOLDINGS LTD FINANCIAL REVIEW 2021
2020 - Reconciliation of movements in right-of-use assets
Balance at
the beginning of the year R ' m
Adoption of standard
R ' m
Additions 1
R ' m
Transfer 2
R ' m
Depreciation R ' m
Balance at the end of the year
R ' m
GROUP - 2020 Buildings and improvements
-
10
28
-
( 7 )
31
Plant and equipment
-
1
6
-
( 1 )
6
Total
-
11
34
-
( 8 )
37
1 Additions relate to the business combinations of Falcon Agricultural Equipment ( Pty ) Ltd and KLK Landbou Ltd during the current financial year . Refer to
note 6.2 for more details regarding the acquisitions .
2
The transfer relates to the disposal of Senwes Limited`s equipment division to a separate legal entity , Senwes Equipment ( Pty ) Ltd , which resulted in a
common control transaction .
Set out below are the carrying amounts of lease liabilities and the movements during the year : 2021 - Reconciliation of movements in lease liabilities
Balance at the beginning of the year
R ' m
Business combinations
R ' m
Additions 1
R ' m
Transfer 2
R ' m
Accretion of interest
R ' m
Payments R ' m
Balance at the end of the year
R ' m
GROUP - 2021 Buildings and improvements
34
47
5
( 37 )
4
( 18 )
35
Plant and equipment
5
13
1
-
1
( 7 )
13
Furniture and fixtures
-
*
-
-
-
*
*
Motor vehicles
-
10
-
-
-
( 1 )
9
Total
39
70
6
( 37 )
5
( 26 )
57
1 Relate to the business combinations of Suidwes Holdings ( Pty ) Ltd and Hinterland Holdings ( Pty ) Ltd during the current financial year . Refer to note 6.2 for
more details regarding the acquisitions .
Current 18 Non-current 39 Total 57
Agribel Holdings Limited Reg nr : 1996 / 017629 / 06 AGRIBEL ANNUAL FINANCIAL REVIEW 2021
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