| Notes to the consolidated financial statements | Note 27 |
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2016
R’000 |
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2015
R’000 |
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| 27. |
OPERATING LEASES |
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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. |
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Operating lease liabilities |
13 991 |
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4 834 |
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Less: Short-term portion included in trade and other payables |
(7 661) |
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(4 523) |
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Long-term portion |
6 330 |
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311 |
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Operating lease commitments |
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Land and buildings |
5 382 787 |
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4 695 173 |
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Due in one year |
707 333 |
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|
586 468 |
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Due after one year but within five years |
2 254 886 |
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1 916 522 |
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Due after five years |
2 420 568 |
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2 192 183 |
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Equipment and vehicles |
2 056 573 |
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1 246 197 |
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Due in one year |
486 323 |
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|
351 282 |
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Due after one year but within five years |
1 179 554 |
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|
746 212 |
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Due after five years |
390 696 |
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148 703 |
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7 439 360 |
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5 941 370 |
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Less: Amounts raised as liabilities |
(13 991) |
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(4 834) |
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7 425 369 |
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5 936 536 |
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| Notes to the consolidated financial statements | Note 27 |
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