Accounting policy
Right-of-use assets comprise land and related infrastructure, mining equipment, vehicles and office rentals (included in the mine
development, infrastructure and other asset class) of which none meet the definition of investment property. These right-of-use assets
comprise the initial measurement of the corresponding lease liability, any initial direct costs incurred by the lessee, and an estimate of costs
to be incurred by the lessee in dismantling and removing the underlying asset, restoring the site on which it is located or restoring the
underlying asset.
Right-of-use assets are subsequently measured at cost less accumulated depreciation and impairment losses if applicable. The assets are
depreciated over the shorter period of the lease term and useful life of the underlying asset.
If a lease transfers ownership of the underlying asset, or the cost of the right-of-use asset reflects that the Group expects to exercise a
purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the
commencement date of the lease.
See note 28 for additional detail.