Senwes Annual Financial Statements 2022 | Page 25

SENWES ANNUAL FINANCIAL STATEMENTS 2022
4 . RIGHT-OF-USE ASSETS AND LEASE LIABILITIES
The group has lease contracts for various items of buildings and plant and equipment used in its operations .
The group also has certain leases of buildings with lease terms of 12 months or less and leases of low value . The group applies the ‘ short-term lease ’ and ‘ lease of low-value assets ’ recognition exemptions for these leases .
Set out below are the carrying amounts of right-of-use assets recognised and the movements during the period :
2022 - Reconciliation of movements on right-of-use assets
Balance at the beginning of the year R ' m
Business combinations
R ' m
Additions R ' m
Derecognitions / modifications
R ' m
Depreciation R ' m
Balance at the end of the year
R ' m
GROUP - 2022 Buildings and improvements
29
-
1
( 7 )
( 9 )
14
Plant and equipment
12
-
1
-
( 4 )
9
Motor vehicles
10
-
-
( 2 )
( 2 )
6
Total
51
-
2
( 9 )
( 15 )
29
COMPANY - 2022 Buildings and improvements
1
-
-
-
*
1
Plant and equipment
1
-
-
-
( 1 )
-
Total
2
-
-
-
( 1 )
1
* Amount is less than R0,5 million .
2021 - Reconciliation of movements on right-of-use assets
Balance at the beginning of the year R ' m
Business combinations
1
R ' m
Additions R ' m
Derecognitions / modifications
R ' m
Depreciation R ' m
Balance at the end of the year
R ' m
GROUP - 2021 Buildings and improvements
31
38
5
( 32 )
( 13 )
29
Plant and equipment
6
13
1
( 5 )
( 3 )
12
Motor vehicles
-
11
*
-
( 1 )
10
Total
37
62
6
( 37 )
( 17 )
51
* Amount is less than R0,5 million .
COMPANY - 2021 Buildings and improvements
1
-
1
-
( 1 )
1
Plant and equipment
1
-
-
-
-
1
Total
2
-
1
-
( 1 )
2
1 Relates to the business combinations of Suidwes Holdings ( Pty ) Ltd and Hinterland Holdings ( Pty ) Ltd during the prior financial year . Refer to note 6.1 for more
details regarding the acquisitions .
Set out below are the carrying amounts of lease liabilities and the movements during the period : 2022 - Reconciliation of movements on lease liabilities
Balance at the beginning of the year R ' m
Business combinations
R ' m
Additions R ' m
Derecognitions / modifications
R ' m
Accretion of interest
R ' m
Payments R ' m
Balance at the end of the year
R ' m
GROUP - 2022 Buildings and improvements
35
-
1
( 8 )
2
( 13 )
17
Plant and equipment
13
-
1
-
1
( 5 )
10
Motor vehicles
9
-
-
( 2 )
1
( 2 )
6
Total
57
-
2
( 10 )
4
( 20 )
33
Current
11
Non-current
22
COMPANY - 2022 Buildings and improvements
2
-
-
( 1 )
-
-
1
Plant and equipment
1
-
-
-
-
( 1 )
-
Total
3
-
-
( 1 )
-
( 1 )
1
Current 1 Non-current -

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