CHAPTER 11: Leases

	Group
At 31 December 2020	Note	Land and buildings Rm	Residential land and buildings Rm	Buildings and infrastructure Rm	Machinery, plant and equipment Rm	Total Rm
Gross carrying amount
At beginning of the year		1	5	497	22	525
Additions			1		23	24
Remeasurement adjustments¹		1		9		10
Lease expiry and terminations			(1)		(18)	(19)
Lease modifications			(3)			(3)
Acquisition of subsidiaries	8.3	49		2		51
Reclassification to non-current assets held-for-sale	8.4				(25)	(25)
At end of the year		51	2	508	2	563
Accumulated depreciation
At beginning of the year			(1)	(48)	(14)	(63)
Charges for the year	6.1.3	(1)	(1)	(58)	(11)	(71)
Lease expiry and terminations			1		18	19
Reclassification to non-current assets held-for-sale	8.4				5	5
At end of the year		(1)	(1)	(106)	(2)	(110)
Accumulated impairment
Charges for the year	8.5				(19)	(19)
Reclassification to non-current assets held-for-sale	8.4				19	19
At end of the year
Net carrying amount at end of the year		50	1	402		453

¹	Relates to remeasurements arising from changes in CPI, as well as changes to lease terms.

		Group
At 31 December 2019	Note	Land and buildings Rm	Residential land and buildings Rm	Buildings and infrastructure Rm	Machinery, plant and equipment Rm	Total Rm
Gross carrying amount
Transfer from property, plant and equipment	10.1.3				16	16
Recognised on initial application of IFRS 16 Leases		1	4	33	38	76
Balance at 1 January 2019		1	4	33	54	92
Additions			1	457	2	460
Remeasurement adjustments¹				7		7
Lease terminations					(18)	(18)
Transfer to property, plant and equipment	10.1.3				(16)	(16)
At end of the year		1	5	497	22	525
Accumulated depreciation
Transfer from property, plant and equipment	10.1.3				(2)	(2)
Recognised on initial application of IFRS 16 Leases				(4)	(7)	(11)
Balance at 1 January 2019				(4)	(9)	(13)
Charges for the year			(1)	(44)	(14)	(59)
Lease terminations					7	7
Transfer to property, plant and equipment	10.1.3				2	2
At end of the year			(1)	(48)	(14)	(63)
Net carrying amount at end of the year		1	4	449	8	462

¹	Relates to remeasurements arising from changes in CPI, as well as changes to lease terms.

	Company
At 31 December 2020	Buildings and infrastructure Rm	Total Rm
Gross carrying amount
At beginning of the year	483	483
Remeasurement adjustments¹	7	7
At end of the year	490	490
Accumulated depreciation
At beginning of the year	(44)	(44)
Charges for the year	(55)	(55)
At end of the year	(99)	(99)
Net carrying amount at end of the year	391	391

¹	Relates to remeasurements arising from changes in CPI.

	Company
At 31 December 2019	Buildings and infrastructure Rm	Total Rm
Gross carrying amount
Recognised on initial application of IFRS 16 Leases	21	21
Balance at 1 January 2019	21	21
Additions	457	457
Remeasurement adjustments¹	5	5
At end of the year	483	483
Accumulated depreciation
Recognised on initial application of IFRS 16 Leases	(3)	(3)
Balance at 1 January 2019	(3)	(3)
Charges for the year	(41)	(41)
At end of the year	(44)	(44)
Net carrying amount at end of the year	439	439

¹	Relates to remeasurements arising from changes in CPI.

Exxaro report selector 2020