Vector Annual Report 2021

VECTOR ANNUAL REPORT 2021 /

Notes to the Financial Statements

13. Leases 13.1 Right of use assets

LAND, BUILDINGS AND IMPROVE- MENTS $M

OTHER PLANT AND EQUIPMENT $M

TOTAL $M

Carrying amount 30 June 2019

34.7

3.4 2.7

38.1

Additions Disposals

4.0

6.7

(0.1) (1.9)

(0.1) (8.9)

Depreciation for the period Carrying amount 30 June 2020

(7.0)

31.7

4.1 3.1

35.8 10.3

7.2

Additions Disposals

(7.7)

(2.3)

(10.0)

Depreciation for the period Carrying amount 30 June 2021

31.2 49.7

4.9 8.3

36.1 58.0

Cost

(18.5)

(3.4)

(21.9)

Accumulated depreciation

13.2 Lease liabilities maturity analysis

MINIMUM LEASE PAYMENTS $M

PRESENT VALUE $M

INTEREST $M

9.9

(1.5) (3.8) (4.0) (9.3)

8.4

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

24.0 12.8 46.7

20.2

8.8

Total

37.4

8.4

Current portion

29.0 37.4

Non-current portion

Total

13.3 Lease expenses included in profit or loss

2021 $M

2020 $M

0.2 1.8

Short-term leases Interest on leases

0.1 1.9

13.4 Lease cashflows included in Statement of cash flows

2021 $M

2020 $M

12.2

Total cash outflow in relation to leases

10.6

68

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