UNBOUNCE - EXAMPLE PAGE-REPORT-ENTERPRISE DOCUMENT-KINGSPAN - Flipbook - Page 155
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2021 (continued)
16 Leases (continued)
Land and
buildings
€m
At 1 January 2020
Additions
Arising on acquisitions (Note 22)
Remeasurement
Terminations
Depreciation charge for the year
Reclassification
Effect of movement in exchange rates
At 31 December 2020
98.5
7.7
8.0
1.2
(2.0)
(19.1)
0.6
(5.3)
89.6
Plant,
machinery
and other
equipment
€m
9.2
2.3
0.4
(0.4)
(3.9)
(0.6)
(0.2)
6.8
Motor
vehicles
Total
2020
€m
€m
13.9
7.3
4.8
0.6
(0.2)
(9.3)
(0.5)
16.6
121.6
17.3
12.8
2.2
(2.6)
(32.3)
(6.0)
113.0
Lease liability
2021
€m
2020
€m
At 1 January
Additions
Arising on acquisitions (Note 22)
Remeasurement
Terminations
Payments
Interest
Effect of movement in exchange rates
At 31 December
114.8
27.0
32.1
17.3
(3.0)
(38.6)
3.7
4.7
158.0
122.3
17.1
12.6
1.7
(2.7)
(33.7)
3.6
(6.1)
114.8
Split as follows:
Current liability
Non-current liability
At 31 December
35.0
123.0
158.0
27.3
87.5
114.8
Expenses of €6.8m (2020: €6.1m) relating to short term leases, leases of low-value assets and variable lease payments were recognised in
the profit and loss.
17 Interest Bearing Loans and Borrowings
Current financial liabilities
Private placements
Bank loans
Lease obligations per banking covenants
Non-current financial liabilities
Private placements
Bank loans (unsecured)
Lease obligations per banking covenants
Kingspan Group plc Annual Report & Financial Statements 2021
2021
€m
2020
€m
66.0
11.3
0.1
77.4
207.4
2.1
0.1
209.6
2021
€m
2020
€m
1,311.1
6.7
2.3
1,320.1
1,320.7
53.1
2.3
1,376.1
Financial Statements
