Senwes Annual Financial Statements 2022 | Page 26

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 .
Current
1
Non-current
2
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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