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136 Notes to the Consolidated Financial Statements
For the Year Ended September 30, 2024.
Expressed in millions of Trinidad and Tobago dollars, except where otherwise stated.
8. Right-of-use assets and Lease liabilities (continued)
b Lease liabilities (continued)
2023 Non-current Current Total
At beginning of year 410 10 420
Exchange and other adjustments (1) (1) (2)
Additions at cost 99 – 99
Accretion of interest expense – Note 19 (b) 26 1 27
Less: payments (98) (3) (101)
Less: disposals (11) – (11)
At end of year 425 7 432
The contractual maturity analysis of lease liabilities are disclosed in Note 22.3.1.
Payments
Fixed Variable
2024 payments payments Total
Fixed rent 83 – 83
Variable with minimum payment 15 2 17
98 2 100
2023
Fixed rent 75 – 75
Variable with minimum payment 13 13 26
89 13 101
Set out below are the undiscounted potential future rental payments relating to periods following the exercise date
of extension and termination options that are not included in the lease term:
Within five More than
2024 years five years Total
Extension options expected not to be exercised 4 – 4
Termination options expected to be exercised 6 – 6
10 – 10
