| |
| |
June 2020
R’000 |
|
June 2020
R’000 |
|
| Amounts recognised in the statement of financial position |
|
|
|
|
|
|
|
|
| The statement of financial position shows the following amounts relating to leases: |
|
|
|
|
|
|
|
|
| Non-current assets |
|
|
|
|
|
|
|
|
| Right of use asset |
176 924 |
|
234 980 |
|
– |
|
– |
|
| Non-current liabilities |
|
|
|
|
|
|
|
|
| Lease liabilities |
156 353 |
|
181 427 |
|
– |
|
– |
|
| Current liabilities |
|
|
|
|
|
|
|
|
| Lease liabilities |
63 764 |
|
96 855 |
|
– |
|
– |
|
| Amounts recognised in statement of profit or loss |
|
|
|
|
|
|
|
|
| Depreciation |
66 564 |
|
71 026 |
|
– |
|
– |
|
| Interest expense |
21 420 |
|
27 839 |
|
– |
|
– |
|
| Expense relating to short-term leases |
1 528 |
|
5 888 |
|
– |
|
– |
|
The total cash outflow for leases in 2021 was R93.7 million (2020: R92.0 million).
The lease payments are discounted using the incremental borrowing rate, being the Group's credit facility interest rate.
|