Certain lease arrangements include the options to extend or terminate the lease before the end of the lease term.
Right-of-use assets and lease liabilities includes these options when it is reasonably certain that they will be
exercised.

Under Ind AS 116, we recognize a right-of-use asset and a lease liability for the sale and leaseback transaction
on April 1, 2019, measured in the same way as other right-of-use assets and lease liabilities at that date and
adjusted the leaseback right-of-use of asset for proportionate gains and losses recognized in the Restated
Consolidated Statement of Profit and Loss.

We have used a number of practical expedients when applying Ind AS 116, namely: short-term leases, leases of
low-value assets and single discount rate.

We have elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a lease
term of 12 months or less and leases of low-value assets. We recognize the lease payments associated with these
leases as an expense on a straight-line basis over the lease term. We applied a single discount rate to a portfolio
of leases of similar assets in similar economic environment with a similar end date. We have used hindsight
when determining the lease term and did not recognize right-of-use asset for leases to which the lease term end
within 12 months of date of initial application.

Lease liability and right-of-use assets have been separately presented in the Restated Consolidated Statement of
Assets and Liabilities and lease payments have been classified as financing cash flows.

Leases where we are the lessor

Leases in which we transfer substantially all the risks and benefits of ownership of the asset are classified as
finance leases. Assets given under finance lease are recognized as a receivable at an amount equal to the net
investment in the lease. After initial recognition, we apportion lease rentals between the principal repayment and
interest income so as to achieve a constant periodic rate of return on the net investment outstanding in respect of
the finance lease. The interest income is recognized in the Restated Consolidated Statement of Profit and Loss.
Initial direct costs such as legal costs and brokerage costs are recognized immediately in the Restated
Consolidated Statement of Profit and Loss.

Income tax

Income tax comprises current and deferred tax. It is recognized in the Restated Consolidated Statement of Profit
and Loss except to the extent that it relates to an item recognized directly in equity or in OCI.

Current tax

Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any
adjustment to the tax payable or receivable in respect of previous years. It is measured using tax rates enacted or
substantively enacted at the reporting date. Current tax assets and current tax liabilities are offset only if there is
a legally enforceable right to set off the recognized amounts, and it is intended to realize the asset and settle the
liability on a net basis or simultaneously.

Deferred tax

Deferred tax is recognized in respect of temporary differences arising between the carrying amounts of assets
and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax assets.
are recognized for unused tax losses, unused tax credits and deductible temporary differences to the extent that it
is probable that future taxable profits will be available against which they can be utilized.

Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable
that the related tax benefit will be realized; such reductions are reversed when the probability of future taxable
profits improves. Unrecognized deferred tax assets are reassessed at each reporting date and recognized to the
extent that it has become probable that future taxable profits will be available against which they can be utilized.

Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they
reverse, using tax rates enacted or substantively enacted at the reporting date. The measurement of deferred tax

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