| SELECTED ACCOUNTING PRINCIPLESAn agreement or part of a rental, lease or other agreement or part of an agreement of a similar nature under which the right to control the use of an assets for a given period is transferred in exchange for remuneration is classified as a lease. Lease classification is made at the date of commencement of the lease, based on the economic content of the agreement, not on its legal form.
At the date of commencement of the lease, a right-of-use assets is recognised for use and a liability for the lease. A right-of-use asset is measured at cost including:
After the initial recognition, a right-of-use asset is measured at cost less accumulated depreciation and/or amortization and impairment write-down and adjusted for the revaluation of the lease liability. Depreciation and/or amortisation principles applied to assets used under leases are consistent with those applied to depreciation and/or amortisation of assets owned by the Group. If there is no reasonable certainty that the Group will obtain ownership by the end of the lease term the asset item is fully depreciated over the shorter of the lease term and its useful life. PROFESSIONAL JUDGEMENT AND ESTIMATES At the date of commencement of the lease, the Group measures an rights-of-use assets including in the current value of the lease payments remaining to be paid on that date. Lease payments are discounted using the interest rate of the lease if that rate can be easily determined. Otherwise, the Group applies the incremental borrowing rate, in accordance with the adopted methodology depending on the rating. The Group applies the portfolio approach to similar leases regarding unified assets with similar use. When accounting for leases under the portfolio approach, the Group applies estimates and assumptions corresponding to the size and composition of the portfolio, including estimates of the weighted average lease term. In order to determine the lease period, e.g. for contracts for an indefinite period, the Group makes an estimate. |
Year ended 31 December 2020
Export to Excel| Land | Perpetual usufruct right |
Buildings, premises and civil engineering structures |
Plant and machinery |
Motor vehicles |
Transmission easements |
Right-of-use assets in progress |
Right-of-use assets total |
|
|---|---|---|---|---|---|---|---|---|
| COST
Opening balance |
||||||||
| 475,863 | 1,076,085 | 176,424 | 64,789 | 6,571 | 121,144 | 6,256 | 1,927,132 | |
| Increase due to a new lease contract | 54,438 | 447 | 11,699 | 30,755 | 98 | 361 | – | 97,798 |
| Increase(decrease) due to lease changes | 3,239 | 77, 921 | 9,374 | (1,397) | (34) | 31 | – | 89,134 |
| Transfer of assets held for sale | (13,081) | (96,590) | (21,340) | – | (282) | (4,196) | – | (135,489) |
| Other movements | 14,169 | (645) | (972) | (5,568) | 1,034 | 11,088 | (492) | 18,614 |
| Closing balance | 534,628 | 1,057,218 | 175,185 | 88,579 | 7,387 | 128,428 | 5 764 | 1,997,189 |
| ACCUMULATED DEPRECIATION
Opening balance |
||||||||
| (20,176) | (60,097) | (15,341) | (34,713) | (2,210) | (21,097) | – | (153,634) | |
| Depreciation for the period | (25,071) | (32,813) | ||||||
| Increase of impairment | (1,245) | (20) | (13,775) | (41) | (2,402) | – | (17,483) | |
| Decrease of impairment | – | 10,913 | – | – | – | – | – | 10,913 |
| Transfer of assets held for sale | 890 | (7,360) | 2,240 | – | 115 | 708 | – | (3,407) |
| Other movements | 761 | 1,030 | 347 | 5,514 | (341) | 11 | – | 7,322 |
| Closing balance | (43,596) | (89,572) | (28,827) | (62,305) | (5,345) | (28,618) | – | (258,263) |
| NET CARRYING AMOUNT AT THE BEGINNING OF THE PERIOD | 455,687 | 1,015,988 | 161,083 | 30,076 | 4,361 | 100,047 | 6,256 | 1,773,498 |
| NET CARRYING AMOUNT AT THE END OF THE PERIOD | 491,032 | 967,646 | 146,358 | 26,274 | 2,042 | 99,810 | 5,764 | 1,738,926 |
Year ended 31 December 2019
Export to Excel| Land | Perpetual usufruct right |
Buildings, premises and civil engineering structures |
Plant and machinery |
Motor vehicles |
Transmission easements |
Right-of-use assets in progress |
Right-of-use assets, total |
|
|---|---|---|---|---|---|---|---|---|
| COST
Opening balance |
||||||||
| – | – | – | – | – | – | – | – | |
| Impact of IFRS 16 | 393,110 | 1,071,236 | 166,028 | 28,978 | 3,739 | 96,489 | 12,931 | 1,772,511 |
| Restated opening balance | 393,110 | 1,071,236 | 166,028 | 28,978 | 3,739 | 96,489 | 12,931 | 1,772,511 |
| Increase due to a new lease contract | 40,384 | 9 | 4,478 | 36,674 | 2,569 | 360 | – | 84,474 |
| Increase/(decrease) due to lease changes | 8,547 | 2,287 | 5,274 | (863) | 397 | (12) | – | 15,630 |
| Business acquisition | 34,931 | – | 1,199 | – | – | 33 | – | 36,163 |
| Other movements | (1,109) | 2,553 | (555) | – | (134) | 24,274 | (6,675) | 18,354 |
| Closing balance | 475,863 | 1,076,085 | 176,424 | 64,789 | 6,571 | 121,144 | 6,256 | 1,927,132 |
| ACCUMULATED DEPRECIATION
Opening balance |
||||||||
| – | – | – | – | – | – | – | – | |
| Impact of IFRS 16 | – | (25,384) | – | – | – | (15,987) | – | (41,371) |
| Restated opening balance | – | (25,384) | – | – | – | (15,987) | – | (41,371) |
| Depreciation for the period | (20,229) | (32,435) | (15,334) | (17,828) | (2,112) | (5,111) | – | (93,049) |
| Increase of impairment | – | (3,080) | (48) | (16,885) | (124) | – | – | (20,137) |
| Decrease of impairment | – | 460 | – | – | – | – | – | 460 |
| Other movements | 53 | 342 | 41 | – | 26 | 1 | – | 463 |
| Closing balance | (20,176) | (60,097) | (15,341) | (34,713) | (2,210) | (20,097) | – | (153,634) |
| NET CARRYING AMOUNT AT THE BEGINNING OF THE PERIOD | – | – | – | – | – | – | – | – |
| NET CARRYING AMOUNT AT THE END OF THE PERIOD | 455,687 | 1,015,988 | 161,083 | 30,076 | 4,361 | 100,047 | 6,256 | 1,773,498 |