Notes to the Group Annual Financial Statements | Note 4.4

4. NON-FINANCIAL INSTRUMENTS
4.4 RIGHT-OF-USE ASSETS

Right-of-use assets are stated at cost less accumulated depreciation. Right-of-use assets are recognised at the date at which the leased asset is available for use by the Group. The right-of-use asset is depreciated over the shorter of the asset’s useful life and the lease term on a straight-line basis.

Right-of-use assets are measured at cost, which includes the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred, and an estimate of restoration costs, less any lease incentives received.

  Retail space
R'000 		 Office space
R'000 		 Warehouse space
R'000 		 Motor vehicles
R'000 		 Cell C network assets
R'000 		 Total
R'000 
LEASE ASSETS             
YEAR ENDED 31 MAY 2026             
Opening balance  –  36 530  2 389  –  –  38 919 
Additions  9 687  6 991  –  2 306  73 050  92 034 
Acquisition of subsidiary  55 559  319 457  –  2 814  158 964  536 794 
Depreciation  (8 714) (29 222) (1 434) (712) (15 957) (56 039)
Disposal of subsidiary  (54 468) (309 542) –  (4 408) (214 941) (583 359)
Termination of leases  (2 064) –  (955) –  (1 116) (4 135)
Closing balance  –  24 214  –  –  –  24 214 
YEAR ENDED 31 MAY 2025             
Opening balance  –  38 669  3 823  –  –  42 492 
Additions  –  23 986  –  –  –  23 986 
Depreciation  –  (22 869) (1 434) –  –  (24 303)
Termination of leases  –  (3 256) –  –  –  (3 256)
Closing balance  –  36 530  2 389  –  –  38 919