41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 210
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THE UNITE GROUP PLC | Annual Report and Financial Statements 2022
NOTES TO THE FINANCIAL STATEMENTS continued
Section 3: Asset management continued
3.3 Right of use assets and other non-current assets continued
Approximately 44% of the leases expired in the current financial year (2021: 11%). The expired contracts were replaced
by new leases for identical underlying assets. This resulted in additions to right of use assets of £0.4 million in 2022
(2021: £0.4 million).
The maturity analysis of lease liabilities is presented in note 4.6a.
Details of interest on lease liabilities and total cash outflows for leases are presented in notes 4.3 and 5.1.
3.3b) Other non-current assets
The Group’s other non-current assets can be analysed as follows:
2022
2021
Property,
plant and
equipment
£m
Total
£m
Property,
plant and
equipment
£m
Intangible
assets
£m
Intangible
assets
£m
Total
£m
12.6
1.0
65.1
77.7
12.1
61.8
73.9
8.0
9.0
0.5
3.3
3.8
13.6
73.1
86.7
12.6
65.1
77.7
At 1 January
(9.8)
(48.9)
(58.7)
(9.2)
(42.8)
(52.0)
Depreciation/amortisation charge
for the year
(0.6)
(5.9)
(6.5)
(0.6)
(6.1)
(6.7)
Cost
At 1 January
Additions
At 31 December
Depreciation and amortisation
(10.4)
(54.8)
(65.2)
(9.8)
(48.9)
(58.7)
Carrying value at 1 January
2.8
16.2
19.0
2.9
19.0
21.9
Carrying amount at 31 December
3.2
18.3
21.5
2.8
16.2
18.9
At 31 December
Intangible assets include £7.0 million (2021: £0.8 million) of assets not being amortised as they are not yet ready for use.
Property, plant and equipment assets include £nil (2021: £nil) of assets not being depreciated as they are not ready for
use. At 31 December 2022 the Group had capital commitments of £nil (2021: £nil) relating to intangible assets and £nil
(2021: £nil million) relating to property, plant and equipment.
