REPORTING CONTEXT ABOUT US OUR OPERATING CONTEXT OUR PERFORMANCE OUR LEADERSHIP GOVERNANCE OUR FINANCIAL STATEMENTS SHAREHOLDERS' CORNER (d) The carrying amounts of trade payables are denominated in the following currencies: THE GROUP THE COMPANY 2022 MUR '000 2021 MUR '000 2022 MUR '000 2021 MUR '000 Mauritian Rupee 242 152 124 189 240 098 124 072 US Dollar 48 255 62 659 48 255 62 186 Euro 294 500 248 663 53 544 73 338 Others 6 890 7 660 6 890 7 660 591 797 443 171 348 787 267 256 19. LEASES (a) Right of use assets Group as a lessee The Group has lease contracts for land and buildings and motor vehicles used in its operations. Land and buildings has a lease term between 9 and 60 years, while motor vehicles generally have lease terms between 5 and 7 years. The Group’s obligations under its leases are secured by the lessor’s title to the leased assets. There are several lease contracts that include extension and termination options and variable lease payments, which are disclosed below. Set out below are the carrying amounts of right of use assets recognised and the movements during the period: THE GROUP Land and buildings MUR '000 Motor vehicles MUR '000 Total MUR '000 At 1 July 2021 129 446 165 570 295 016 Additions for the year – 29 431 29 431 Depreciation charge for the year (32 173) (66 030) (98 203) Exchange differences (5 912) (2 575) (8 487) At 30 June 2022 91 361 126 396 217 757 THE GROUP Land and buildings MUR '000 Motor vehicles MUR '000 Total MUR '000 At 1 July 2020 117 563 207 831 325 394 Additions for the year 38 771 18 685 57 456 Depreciation charge for the year (37 467) (65 450) (102 917) Exchange differences 10 579 4 504 15 083 At 30 June 2021 129 446 165 570 295 016 18. TRADE AND OTHER PAYABLES (continued) THE COMPANY Land and buildings MUR '000 Motor vehicles MUR '000 Total MUR '000 At 1 July 2021 50 224 126 321 176 545 Additions for the year – 29 431 29 431 Depreciation charge for the year (13 398) (48 186) (61 584) At 30 JUNE 2022 36 826 107 566 144 392 THE COMPANY Land and buildings MUR '000 Motor vehicles MUR '000 Total MUR '000 At 1 July 2020 20 416 171 794 192 210 Additions for the year 38 771 – 38 771 Depreciation charge for the year (8 963) (45 473) (54 436) At 30 JUNE 2021 50 224 126 321 176 545 (b) Lease liabilities THE GROUP THE COMPANY 2022 MUR '000 2021 MUR '000 2022 MUR '000 2021 MUR '000 At 1 July 317 677 345 387 195 032 207 761 New leases 29 431 57 456 29 431 38 771 Interest expense 15 213 17 444 13 411 15 081 Lease payment (113 372) (118 209) (74 482) (66 581) Exchange differences (8 800) 15 599 – – At 30 JUNE 240 149 317 677 163 392 195 032 THE GROUP THE COMPANY 2022 MUR '000 2021 MUR '000 2022 MUR '000 2021 MUR '000 Current 113 749 96 109 83 488 57 357 Non-current 126 400 221 568 79 904 137 675 240 149 317 677 163 392 195 032 NOTES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 191 190 Phoenix Beverages Limited Integrated Report 2022 Phoenix Beverages Limited Integrated Report 2022
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