CHAPTER 11:Leases

		Group		Company
At 31 December	Note	2020 Rm	2019 Rm	2020 Rm	2019 Rm
Non-current		493	461	432	448
Current		9	27	23	17
Total lease liabilities		522	488	455	465
Summary of lease liabilities by period of redemption:
Less than six months		14	15	11	8
Six to 12 months		15	12	12	9
Between one and two years		34	28	30	23
Between two and three years		43	34	39	30
Between three and four years		43	34	42	32
Between four and five years		53	43	53	42
Over five years		320	322	268	321
Total lease liabilities		522	488	455	465

Analysis of movement in lease liabilities
At beginning of the year		488	2	465
Recognised on initial application of IFRS 16 Leases			66		19
Balance at 1 January		488	68	465	19
New leases		24	458		456
Lease terminations			(12)
Acquisition of subsidiaries		55
Reclassification to non-current liabilities held-for-sale		(21)
Lease remeasurement adjustments		10	7	7	5
Lease modification adjustments		(3)
Exchange difference on translation		1
Capital repayments		(32)	(33)	(17)	(15)
– Lease payments		(86)	(69)	(65)	(48)
– Interest charges	12.1.2	54	36	48	33


At end of the year		522	488	455	465

Exxaro report selector 2020