47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 166
A.G. BARR p.l.c. Annual Report and Accounts 2025
N OTE S TO TH E
ACCO U NT S
CO N TI N U ED
12. Leases
This note provides information for leases where the Group is a lessee. The Group is not a lessor.
(i) Amounts recognised in the balance sheet
The balance sheet shows the following amounts relating to leases:
Right-of-use assets
Buildings
Plant, equipment and vehicles
Lease liabilities
Current
Non-current
Group
Company
2025
£m
2024
£m
2025
£m
2024
£m
2.0
3.0
1.6
3.6
19.6
3.0
18.8
3.6
5.0
5.2
22.6
22.4
1.8
2.8
1.8
3.1
3.7
16.1
3.1
17.0
4.6
4.9
19.8
20.1
2025
£m
2024
£m
0.5
1.5
0.5
1.3
Company only right-of-use assets and lease liabilities relate to assets leased under the asset-backed funding arrangements, as outlined in Note 26.
Additions to the right-of-use assets during 2025 were £2.1m (2024: £1.6m) for the Group and £2.1m (2024: £1.3m) for the Company.
(ii) Amounts recognised in the income statement
The income statement shows the following amounts relating to leases:
Depreciation charge of right-of-use assets
Buildings
Plant, equipment and vehicles
2.0
1.8
Interest expense (including finance cost)
Expense related to short-term leases (included in cost of goods sold and administrative expenses)
0.2
0.2
0.1
0.1
The total cash outflow for leases
2.1
1.9
At 25 January 2025 the Group had no commitments for short-term leases.
There are no expenses in relation to variable lease payments not included in the measurement of the lease liabilities or income from sub-leasing right-of-use assets.
(iii) The Group’s leasing activities and how these are accounted for
The Group leases various offices, equipment and vehicles. Rental contracts are typically made for fixed periods of 12 months to 10 years, but may have extension options
as described in (iv).
Contracts may contain both lease and non-lease components. The Group allocates the consideration in the contract to the lease and non-lease components based on their
relative stand-alone prices. However, leases for real estate for which the Group is a lessee, it has elected not to separate lease and non-lease components and instead
accounts for these as a single lease.
164
