Page 32 - Lime Petrolium Annual Report 2020
P. 32
LIME PETROLEUM
Note 11 Leases (IFRS 16) Right-of-use assets:
The Company leases office facilities. The Company’s right-of-use assets are categorised and presented in the table below:
(Amounts in TNOK)
Right-of-use assets
Acquisition cost at initial application 1 January 2020 Addition of right-of-use assets
Disposal of right-of-use assets
Acquisition cost 31 December 2020
Accumulated depreciation and impairment 1 January 2020 Depreciation
Impairment
Disposal
Accumulated depreciation and impairment 31 December 2020
Carrying amount of right-of-use assets 31 December 2020
Lower of remaining lease term or economic life Depreciation method
Acquisition cost at initial application 1 January 2019 Addition of right-of-use assets
Disposal of right-of-use assets
Acquisition cost 31 December 2019
Accumulated depreciation and impairment 1 January 2019 Depreciation
Impairment
Disposal
Accumulated depreciation and impairment 31 December 2019
Carrying amount of right-of-use assets 31 December 2019
Lower of remaining lease term or economic life Depreciation method
Leasing liabilities:
Lease liabilities 1 January 2020 Additions new lease contracts Disposal (buy out of lease contracts) Accretion lease liabilities
Payments of lease liabilities
Total leasing liabilities 31 December 2020
Office facilities
6 123
6 123
-1 289
-1 289
-2 578
3 545
3.75 years
Linear
7 840
0
-1 717
6 123
0
-1 560
0
271
-1 289
4 834
4.75 YEARS
LINEAR
4 893
0
0
110
-1 370
3 632
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