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Leases
12 Months Ended
Dec. 31, 2019
Presentation of leases for lessee [abstract]  
Disclosure of leases [text block]

Note 28     Leases

 

The Consolidated Statement of Financial Position shows the following amounts relating to leases:

 

 

 

 

 

 

 

December

 

January 1,

Amounts in US$ ‘000

    

31, 2019

    

2019 (a)

Right of use assets

 

  

 

  

Production, facilities and machinery

 

8,785

 

9,398

Buildings and improvements

 

4,677

 

5,212

 

 

13,462

 

14,610

Lease liabilities

 

  

 

  

Current

 

7,442

 

7,967

Non-current

 

5,801

 

6,643

 

 

13,243

 

14,610

(a)

In the previous year, the Group only recognized lease assets and lease liabilities in relation to leases that were classified as ‘finance leases’ under IAS 17 Leases. For adjustments recognized on adoption of IFRS 16 on January 1, 2019, please refer to Note 2.1.1.

 

 

The Consolidated Statement of Income shows the following amounts relating to leases:

 

 

 

 

Amounts in US$ ‘000

    

2019

Depreciation charge of Right of use assets

 

  

Production, facilities and machinery

 

(1,834)

Buildings and improvements

 

(1,810)

 

 

(3,644)

 

 

  

Unwinding of long-term liabilities (included in Financial results)

 

(419)

Expenses related to short-term leases (included in Production and operating cost and Administrative expenses)

 

(13,463)

Expenses related to low-value leases (included in Administrative expenses)

 

(314)