Right-of-use assets are recognised at the date at which the leased asset is available for use by the Group. The
right-of-use asset is depreciated over the shorter of the asset's useful life and the lease term on a straight-line basis.
Right-of-use assets are measured at cost comprising the following:
- the amount of the initial measurement of the lease liability;
- any lease payments made at or before the commencement date less any lease incentives received;
- any initial direct costs; and
- restoration costs.
| Lease assets |
|
|
|
|
| Year ended 31 May 2023 |
|
|
|
| Opening balance |
34 400 |
1 866 |
36 266 |
| Additions |
19 391 |
— |
19 391 |
| Depreciation |
(29 378) |
(1 415) |
(30 793) |
| Lease modifications |
(287) |
— |
(287) |
| Closing balance |
24 126 |
451 |
24 577 |
| Year ended 31 May 2022 |
|
|
|
| Opening balance |
58 143 |
603 |
58 746 |
| Additions |
4 155 |
2 706 |
6 861 |
| Depreciation |
(27 898) |
(1 443) |
(29 341) |
| Closing balance |
34 400 |
1 866 |
36 266 |
|