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  • Interest Bearing Liabilities

    Note 7A: Leases
      2018$'000 2017$'000
    Finance leases 10,859 15,892
    Total finance leases 10,859   15,892
    Leases expected to be settled
    Within 1 year 5,442 5,927
    Between 1 to 5 years 5,417 9,965
    Total finance leases 10,859 15,892

    Embedded finance leases have been recognised in respect of IT equipment provided under agreements with external information and communications technology suppliers. The finance lease liability relates to equipment under the agreements. The useful lives of the assets are for fixed terms of between 3 and 6 years. The average interest rate implicit in the leases was 5.40% (2017: 5.23%). Cancellation penalties apply on early termination of the leases. There are no significant contingent rentals.

      Last modified: 26 Oct 2018QC 57164