SENWES ANNUAL FINANCIAL STATEMENTS 2022
2021 - Reconciliation of movements on lease liabilities
Balance at the beginning of the year R ' m
Business combinations
1
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 - 2021 Buildings and improvements |
34 |
47 |
5 |
( 37 ) |
4 |
( 18 ) |
35 |
Plant and equipment |
5 |
13 |
1 |
- |
1 |
( 7 ) |
13 |
Motor vehicles |
- |
10 |
- |
- |
- |
( 1 ) |
9 |
Total |
39 |
70 |
6 |
( 37 ) |
5 |
( 26 ) |
57 |
Current |
18 |
Non-current |
39 |
COMPANY - 2021 Buildings and improvements |
1 |
- |
1 |
- |
- |
- |
2 |
Plant and equipment |
1 |
- |
- |
- |
- |
- |
1 |
Total |
2 |
- |
1 |
- |
- |
- |
3 |
1 Relate 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 .
The maturity analysis of lease liabilities are disclosed in note 24.1.3 .
Refer to note 22.1 for the lease expenses relating to short-term leases , leases of low-value assets and variable lease payments ( company ) recognised in profit or loss . The group has no expense relating to variable lease payments not included in the measurement of lease liabilities .
The group has several lease contracts that include extension and termination options . These options are negotiated by management to provide flexibility in managing the leased-asset portfolio and align with the group ’ s business needs . Management exercises judgement in determining whether these extension and termination options are reasonably certain to be exercised . Set out below are the undiscounted potential future rental payments relating to periods following the exercise date of extension and termination options that are not included in the lease term :
Within five years |
More than five years |
Total |
Within five years |
More than five years |
Total |
Extension options expected not to be exercised |
4 |
- |
4 |
14 |
20 |
34 |
Termination options expected to be exercised |
- |
- |
- |
9 |
- |
9 |
Total |
4 |
- |
4 |
23 |
20 |
43 |
5 . GOODWILL AND INTANGIBLE ASSETS
GROUP 2022 R ' m
2021 R ' m
COMPANY 2022 R ' m
|
Notes |
|
|
|
|
Goodwill |
5.1 |
43 |
35 |
- |
- |
Intangible assets |
5.2 |
118 |
98 |
5 |
5 |
Total carrying value |
|
161 |
133 |
5 |
5 |
2022 R ' m
GROUP 2021 R ' m
2021 R ' m
24
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