| Figures in Rand thousand |
2019 |
|
Restated
2018 |
|
| Gross investment in the leases due |
|
|
|
|
| – within one year |
87 664 |
|
85 924 |
|
| – within two to five years |
132 018 |
|
164 805 |
|
| – beyond five years |
5 |
|
393 |
|
| |
219 687 |
|
251 122 |
|
| Less: unearned finance income |
(31 274) |
|
(47 304) |
|
| |
188 413 |
|
203 818 |
|
|
Impairment allowance |
(9 000) |
|
(9 909) |
|
| |
179 413 |
|
193 909 |
|
| Present value of minimum lease payments due |
|
|
|
|
| – within one year |
72 638 |
|
63 307 |
|
| – within two to five years |
115 771 |
|
140 135 |
|
| – beyond five years |
4 |
|
376 |
|
| |
188 413 |
|
203 818 |
|
|
Impairment allowance |
(9 000) |
|
(9 909) |
|
| |
179 413 |
|
193 909 |
|
| The Group entered into finance leasing agreements for certain IT safety and security access equipment. |
|
|
|
|
| The lease terms are generally three to seven years and the average effective lending rate is prime to 7% above prime lending rates (2018: 1,75% to 7% above prime lending rates). |
|
|
|
|