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156 • Republic Financial Holdings Limited 2025 Annual Report • FINANCIALS
Notes to the Consolidated Financial Statements
For the year ended September 30, 2025. 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)
Payments
Fixed Variable
2025 payments payments Total
Fixed rent 88 – 88
Variable with minimum payment 17 1 18
105 1 106
2024
Fixed rent 83 – 83
Variable with minimum payment 15 2 17
98 2 100
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
2025 years five years Total
Extension options expected not to be exercised 4 – 4
Termination options expected to be exercised 6 – 6
10 – 10
2024
Extension options expected not to be exercised 4 – 4
Termination options expected to be exercised 6 – 6
10 – 10
The Group has several lease contracts that include extension and termination options. These options are negotiated by
management to provide flexibility in managing the leased-asset portfolio and align with the Group’s business needs.
Management exercises significant judgement in determining whether these extension and termination options are
reasonably certain to be exercised.
