Lease liabilities (Tables)
|
12 Months Ended |
Dec. 31, 2023 |
|---|
| Lease liabilities. |
|
| Schedule of current and non current lease liabilities |
| | | | | | | | 2023 | | 2022 | * | | | $’000 | | $’000 | | | | | | | | Current | | 91,156 | | 87,240 | | Non-current | | 510,838 | | 518,318 | | Total lease liabilities | | 601,994 | | 605,558 | |
|
| Schedule of reconciliation of cash and non-cash changes |
| | | | | | | | | 2023 | | 2022 | * | 2021 | | | $’000 | | $’000 | | $’000 | | | | | | | | At January 1 | | 605,558 | | 376,101 | | 314,747 | Additions through business combinations (note 31) | | — | | 216,218 | | 44,557 | Additions through new leases or remeasurements | | 159,624 | | 118,609 | | 131,438 | Interest and finance charges for lease liabilities (note 11) | | 61,617 | | 52,234 | | 32,826 | Payments for the principal of lease liabilities | | (72,854) | | (76,629) | | (63,324) | Interest paid for lease liabilities | | (58,443) | | (36,178) | | (32,923) | Remeasurements or terminations** | | (67,547) | | (37,718) | | (30,978) | Effects of movement in exchange rates | | (25,961) | | (7,079) | | (20,242) | Closing balance – December 31 | | 601,994 | | 605,558 | | 376,101 |
|
| Schedule of amount recognized in the statement of income |
| | | | | | | | | 2023 | | 2022 | * | 2021 | | | $'000 | | $'000 | | $'000 | | | | | | | | Interest on lease liabilities (note 11) | | 61,617 | | 52,234 | | 32,826 | Expenses relating to short-term leases and low value assets (note 7) | | 10,879 | | 16,924 | | 11,165 | Depreciation for right of use assets (note 14) | | 95,895 | | 88,615 | | 60,685 | Total for the year ended | | 168,391 | | 157,773 | | 104,676 |
|
| Schedule of contractual maturities of the lease liabilities |
| | | | | | | | | | | | | | | | | Total | | | | | | | | | | | Carrying | | contractual | | Within | | 2 - 3 | | 4 – 5 | | Over 5 | | | value | | cash flows | | 1 year | | years | | years | | years | | | $'000 | | $'000 | | $'000 | | $'000 | | $'000 | | $'000 | 2023 | | | | | | | | | | | | | Lease liabilities | | 601,994 | | 1,181,459 | | 101,709 | | 193,434 | | 180,895 | | 705,421 | | | | | | | | | | | | | | 2022 | | | | | | | | | | | | | Lease liabilities* | | 605,558 | | 1,108,532 | | 92,417 | | 179,930 | | 168,231 | | 667,954 |
*Re-presented to reflect the remeasurement period adjustments, as required by IFRS 3, in respect of updates to the accounting for the MTN SA Acquisition in May 2022.
|