XML 186 R24.htm IDEA: XBRL DOCUMENT

Note 19 - Leases

12 Months Ended

Dec. 31, 2022

19	Leases

Leases as lessee

The Group leases administrative offices. The leases, which the Group normally enters into, typically run for a period of 3 to 6 years, with an option to renew the lease after that date. The two leases for the administrative offices expire in 2024 and 2025.

Information about leases for which the Group is a lessee is presented below.

i)	Amounts recognised in the statement of financial position

Right of use assets

Right of use assets related to leased properties are presented as part of property, plant and equipment (refer note 17).

	2022			2021

Balance at January 1		446			229
Depreciation		(137	)		(115	)
Additions to right of use assets		-			528
Derecognition of right of use assets		-			(172	)
Foreign currency movement		(14	)		(24	)
Balance at December 31		295			446

Lease liabilities

	2022			2021

Balance at January 1		465			239
Additions to lease liability		-			527
Finance cost		31			24
Lease payments		(150	)		(129	)
Foreign currency movement		(33	)		(23	)
Derecognition of lease liability		-			(173	)
Balance at December 31		313			465

ii)

Amounts recognised in profit or loss

	2022		2021		2020

Finance cost on lease liabilities (note 15)		31		24		15
Unrealised foreign exchange gain (loss)		19		1		(2	)
Depreciation (note 17)		137		115		99
		187		140		112

iii)

Amounts recognised in statement of cash flows

	2022			2021			2020

Total cash outflow for leases - total payment		150			129			118
Total cash outflow for leases - finance cost		(31	)		(24	)		(15	)
Total cash outflow for leases - principal		119			105			103

iv)

Maturity of lease liabilities

The maturity of lease liabilities are as follows as at December 31:

	2022			2021

Less than one year		152			158
One to two years		150			165
Two to three years		40			163
Three to four years		–			46
Total lease payments		342			532
Finance cost		(29	)		(67	)
Present value of lease liabilities		313			465