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CHAPTER 11: Leases

11.3

RIGHT-OF-USE ASSETS

 
     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    497  22  525 
Additions        23  24 
Remeasurement adjustments       10 
Lease expiry and terminations      (1)   (18) (19)
Lease modifications      (3)     (3)
Acquisition of subsidiaries  8.3  49      51 
Reclassification to non-current assets held-for-sale  8.4        (25) (25)
At end of the year    51  508  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        18  19 
Reclassification to non-current assets held-for-sale  8.4       
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  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    33  38  76 
Balance at 1 January 2019    33  54  92 
Additions      457  460 
Remeasurement adjustments1         
Lease terminations          (18) (18)
Transfer to property, plant and equipment  10.1.3        (16) (16)
At end of the year    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         
Transfer to property, plant and equipment  10.1.3       
At end of the year      (1) (48) (14) (63)
Net carrying amount at end of the year    449  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 adjustments
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 adjustments
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.