104 / 170
2016
R’000
2015
R’000
27. OPERATING LEASES
Leases which have fixed determinable escalations are charged to the statement of profit or loss on a
straight-line basis and liabilities are raised for the difference between the actual lease expense and the
charge recognised in the statement of profit or loss. The liabilities are classified based on the timing of the
reversal which will occur when the actual cash flow exceeds the statement of profit or loss amounts.
Operating lease liabilities
13 991
4 834
Less:
Short-term portion included in trade and other payables
(7 661)
(4 523)
Long-term portion
6 330
311
Operating lease commitments
Land and buildings
5 382 787
4 695 173
Due in one year
707 333
586 468
Due after one year but within five years
2 254 886
1 916 522
Due after five years
2 420 568
2 192 183
Equipment and vehicles
2 056 573
1 246 197
Due in one year
486 323
351 282
Due after one year but within five years
1 179 554
746 212
Due after five years
390 696
148 703
7 439 360
5 941 370
Less:
Amounts raised as liabilities
(13 991)
(4 834)
7 425 369
5 936 536
28. TRADE AND OTHER PAYABLES
Trade payables
17 369 810
13 815 938
Forward exchange contracts liability
11 416
1 060
Interest rate swap liabilities
–
3 725
Other payables and accrued expenses
4 124 040
3 093 220
21 505 266
16 913 943
Refer to note 32 for further disclosure.
Notes to the consolidated financial statements
for the year ended June 30
Page 100
| Bidcorp Limited Annual integrated report 2016