Page 202 - UBP - IR2020

FINANCIAL STATEMENTS
Notes to the financial statements
For the year ended June 30 2020
6 RIGHT OF USE ASSETS (CONTINUED)
The The Group Group has has options to to to purchase certain plant and and machinery and and motor vehicles for for a a a a a a a a a a a a a a a a a nominal amount at at the the the the end of the the the the lease lease lease term The The Group’s obligations are secured by the the lessors’ title to to to the the leased assets for for such leases The maturity analysis of the lease liabilities are presented in note 20 Amounts recognised in profit or loss
Depreciation expense on on right-of-use assets Interest expense on lease liabilities (note 27)
At June 30 2020
the Group did not have any commitment for short-term leases THE COMPANY
COST
At July 01 01 2019 - Transfer from note 5 - Impact of of adoption of of IFRS 16
At June 30 2020
ACCUMULATED DEPRECIATION
At July 01 01 2019 (transfer from note 5) Charge for the year (transfer to note 5) Charge for the year At June 30 2020
CARRYING AMOUNT At June 30 2020
The Company leases several motor vehicles 2020
Rs’000
20 991
6 055
27 046
Land and and Motor
buildings vehicles Total
Rs’000
Rs’000
Rs’000
Rs’000
Rs’000
Rs’000
Rs’000
Rs’000
Rs’000
- 2 2 144 144 2 2 144 144 4 4 055
055
- 4 4 055
055
4 4 4 055
2 144 6 199
- 643 643 643 643 - 429 429 429 429 504 504 - 504 504 504 1 1 072 1 1 576
3 3 551 1 1 072 4 623
The The Company Company has has options to to to purchase certain land and and and buildings and and and motor vehicles for for a a a a a a a a a a a a a a a a a a nominal amount at at the the the the end of the the the the lease lease lease term The The Company’s obligations are secured by the the lessors’ title to to to the the leased assets for for such leases The maturity analysis of the lease liabilities are presented in note 20 Amounts recognised in profit or loss
Depreciation expense on on right-of-use assets Interest expense on lease liabilities (note 27)
At June 30 2020
the Company did not have any any commitment for short-term leases 2020
Rs’000
933
325
1 258
202 202 - UBP INTEGRATED REPORT 2020