UNITY BANK LIMITED 2022 Financial Report UNITY BANK LIMITED 2022 Financial Report
ABN 11 087 650 315
ABN 11 087 650 315
17. RIGHT-OF-USE ASSETS
2022 $'000 2,399 1,883
2021 $'000 2,384 1,233 1,151
Right of Use Assets
less accumulated depreciation
516
Movements in the asset balances during the year were:
IT Equipment
Property
Total $'000
$'000
$'000
Opening balance
1,150
1
1,151
Net Additions Revaluations Less: Impairment Depreciation
-
26
26 11
11
-
-
-
-
668 493
4
672 516
Balance at the end of year
23
The Bank has leases for offices, retail branch premises, and some IT equipment. Leases are reflected on the balance sheet as a right-of-use asset and a lease liability.
No. of leases with extension options
No. of leases with termination options
Average remaining lease term
No. of leases with options to purchase
No. of leases with variable payments
Range of remaining term
Right of use asset class
Property
0mths - 4.17yrs
12 months
7 0
0 0
9 0
10
IT Equipment
0
0
18. LEASE LIABILITIES
Note
2022 $'000
2021 $'000
Lease Liability - Current Lease Liability - Non current Total Lease Liability
392 138 530
675 490
1,165
Movements in the liability balances during the year were:
Total $'000
Total $'000
Opening balance Net Additions Interest Expense Less: Payments for Leases
1,165
1,783
27 17
176
29
690 (11) 530
755
Modifications
68
Balance at the end of year
1,165
52
45
Made with FlippingBook Annual report maker