b'Impairment of Assets At each reporting date, management review a number of factors affecting property, plant and equipment, including their carrying values, to determine if these assets may be impaired. If an impairment indicator exists, the recoverable amount of the asset, being the higher of the assets fair value less costs to sell and value in use is compared to the carrying value. Any excess of the assets carrying value over its recoverable amounts is expensed in profit or loss as an impairment expense. As the future economic benefits of certain Company assets are not primarily dependent on their ability to generate net cash inflows, and if deprived of the asset, the Company would replace the assets remaining future economic benefits, value in use is determined as the depreciated replacement cost of the asset, rather than by using discounted future cash flows. Depreciated replacement cost is defined as the current replacement cost of an asset less, where applicable, accumulated depreciation calculated on the basis of such cost to reflect the already consumed or expired future economic benefits of the asset. The current replacement cost of an asset is its cost measured by reference to the lowest cost at which the assets future economic benefits of that asset could currently be obtained in the normal course of business. Right-of-Use Assets A right-of-use asset is recognised at the commencement date of a lease. The right-of-use asset is measured at cost, which comprises the initial amount of the lease liability, adjusted for, as applicable, any lease payments made at or before the commencement date net of any lease incentives received, any initial direct costs incurred, and except where included in the cost of inventories, an estimate of costs expected to be incurred for dismantling and removing the underlying asset, and restoring the site or asset. Right-of-use assets are depreciated on a straight-line basis over the unexpired period of the lease or the estimated useful life of the asset, whichever is the shorter. Where the Company expects to obtain ownership of the leased asset at the end of the lease term, the depreciation is over its estimated useful life. Right-of use assets are subject to impairment or adjusted for any re-measurement of lease liabilities. The Company has elected not to recognise a right-of-use asset and corresponding lease liability for short-term leases with terms of 12 months or less and leases of low-value assets. Lease payments on these assets are expensed to profit or loss as incurred.Right-of-Use Assets included in Plant & Equipment:Motor Vehicles 20222021$000$000 Cost13,38114,027 Less accumulated amortisation(1,852)(2,510) Total Right-of-Use Assets11,52911,517Movements in Carrying Amount: Balance at the beginning of the year11,51712,562 Additions at cost11,78111,989 Disposals(8,967)(10,908) Depreciation expense(2,802)(2,126) Transfers between classes CARRYING AMOUNT AT END OF YEAR11,52911,517 Page | 33'