Chapter 11: Leases

11.3 Right-of-use assets

		Group

At 31 December 2025	Note	Land and buildings Rm	Buildings and infra- structure Rm	Machinery, plant and equipment Rm	Total Rm
Gross carrying amount
At beginning of the year		80	527	2	609
Additions	11.4	11	1	1	13
Remeasurement adjustments1	11.4	2	401		403
Lease expiry			(2)	(1)	(3)
Disposal of subsidiary			(17)		(17)
At end of the year		93	910	2	1 005
Accumulated depreciation
At beginning of the year		(10)	(316)	(2)	(328)
Charges for the year	6.1.3	(7)	(59)	(1)	(67)
Lease expiry			2	1	3
Disposal of subsidiary			13		13
At end of the year		(17)	(360)	(2)	(379)
Net carrying amount at end of the year		76	550		626

1 Relates mainly to the inclusion of a five-year lease extension option in the measurement of the conneXXion lease (refer note 11.2(b)) as well as remeasurements arising from changes in CPI.

		Group

At 31 December 2024	Note	Land and buildings Rm	Buildings and infra- structure Rm	Machinery, plant and equipment Rm	Total Rm
Gross carrying amount
At beginning of the year		61	524	2	587
Additions			3		3
Remeasurement adjustments1	11.4	19	7		26
Lease expiry	11.4		(7)		(7)
At end of the year		80	527	2	609
Accumulated depreciation
At beginning of the year		(8)	(270)	(1)	(279)
Charges for the year	6.1.3	(2)	(55)	(1)	(58)
Lease expiry			7		7
Lease modification	6.1.3		2		2
At end of the year		(10)	(316)	(2)	(328)
Net carrying amount at end of the year		70	211		281

1 Relates to remeasurements arising from changes in CPI, as well as lease terms.

		Company

At 31 December 2025	Note	Buildings and infrastructure Rm	Total Rm
Gross carrying amount
At beginning of the year		508	508
Remeasurement adjustments1	11.4	399	399
At end of the year		907	907
Accumulated depreciation
At beginning of the year		(305)	(305)
Charges for the year	6.1.3	(56)	(56)
At end of the year		(361)	(361)
Net carrying amount at end of the year		546	546

1 Relates mainly to the inclusion of a five-year lease extension option in the measurement of the conneXXion lease (refer note 11.2(b)).

		Company

At 31 December 2024	Note	Buildings and infrastructure Rm	Total Rm
Gross carrying amount
At beginning of the year		502	502
Remeasurement adjustments1	11.4	6	6
At end of the year		508	508
Accumulated depreciation
At beginning of the year		(253)	(253)
Charges for the year	6.1.3	(52)	(52)
At end of the year		(305)	(305)
Net carrying amount at end of the year		203	203

1 Relates to remeasurements arising from changes in CPI, as well as lease terms.