Rangatira Annual Report 2023 - Flipbook - Page 53
Ra n g a t i ra An n u a l Re p ort 2023
Rangatira Group
Notes to the Consolidated
Financial Statements (continued)
For the year ended 31 March 2023
Right-of-use asset remeasurement
During the financial year both Rainbows End and Boulcott Holdco Ltd remeasured their right-of-use assets and corresponding
lease liabilities due to rental increases. (2022: The Rainbow's end lease was extended for another 20 years which resulted in
remeasurement).
Accumulated
depreciation and
impairment
Note
Land and
buildings
$000
Plant and
equipment
$000
Furniture and
leasehold
improvements
nts
$000
10,860
33,007
8,689
1,145
53,701
5,810
59,511
282
2,221
829
152
3,484
2,042
5,526
-
(1,948)
(109)
(14)
(2,071)
(431)
(2,502)
11,142
33,280
9,409
1,283
55,114
7,421
62,535
IT
Hardware
at cost
$000
PPE
Total
$000
ROU
Assets
$000
Total
$000
2022 Restated*
Balance at the
beginning of the year
Depreciation
expense
Disposals
Balance at the end
of the year
30
*certain amounts have been restated as a result of finalising the valuations for the 2022 business acquisitions - see Note 27
2023
Balance at the
beginning of the year
11,142
33,280
9,409
1,283
55,114
7,421
62,535
267
3,030
891
298
4,486
3,791
8,277
-
(312)
(19)
(37)
(368)
(154)
(522)
11,409
35,998
10,281
1,544
59,232
11,057
70,290
As at 31 March 2022
4,505
15,043
6,013
286
25,846
60,161
86,007
As at 31 March 2023
4,240
17,294
5,931
298
27,763
62,338
90,100
Depreciation
expense
Disposals
Balance at the end
of the year
Net book value
53