Vector Annual Report 2020

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12. Leases 12.1 Right of use assets

LAND, BUILDINGS AND IMPROVE­ MENTS $M

OTHER PLANT AND EQUIPMENT $M

TOTAL $M

Opening net book value 1 July 2018

Movements on transition

39.4

0.7 3.7

40.1

Additions

2.1

5.8

Depreciation for the period Carrying amount 30 June 2019

(6.8)

(1.0)

(7.8)

34.7

3.4 2.7

38.1

4.0

6.7

Additions Disposals

(0.1) (1.9)

(0.1) (8.9)

(7.0)

Depreciation for the period Carrying amount 30 June 2020

31.7 44.5

4.1 6.6

35.8 51.1

Cost

(12.8)

(2.5)

(15.3)

Accumulated depreciation

12.2 Lease liabilities maturity analysis

MINIMUM LEASE PAYMENTS $M

PRESENT VALUE $M

INTEREST $M

9.8

(1.6) (4.4) (4.5)

8.2

Within one year One to f ive years Beyond f ive years

22.8 15.7 48.3

18.4 11.2 37.8

Total

(10.5)

8.2

Current portion

29.6 37.8

Non–current portion

Total

12.3 Lease expenses included in profit or loss

2020 $M

2019 $M

0.1 1.9

Short–term leases Interest on leases

0.3 2.0

12.4 Lease cashflows included in statement of cash flows

2020 $M

2019 $M

10.6

Total cash outflow in relation to leases

8.4

Notes to the Financial Statements

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