4. NON-FINANCIAL INSTRUMENTS
4.4 Right-of-use assets
 

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.
  Office space
R’000
Warehouse
space
R’000
Total
R’000
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