Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
12 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of ROU Assets and Lease Liabilities
The following table represents the Company's ROU assets and lease liabilities at 31 March 2020:

(Millions of US dollars)
31 March 2020
Assets:
 
Operating leases, net
$
40.5

Finance leases, net
1.7

Total right-of-use assets
$
42.2

 
 
Liabilities:
 
Operating leases:
 
Current
$
14.3

Non-Current
41.4

Total operating lease liabilities
$
55.7

 
 
Finance leases:
 
Current
$
0.5

Non-Current
1.5

Total finance lease liabilities
$
2.0

 
 
Total lease liabilities
$
57.7


Schedule of Lease Expense
Supplemental cash flow and other information related to leases were as follows:
(Millions of US dollars)
31 March 2020
Cash paid for amounts included in the measurement of lease liabilities:
 
Operating cash flows used for operating leases
$
18.0

Operating cash flows used for finance leases
0.1

Financing cash flows used for finance leases
0.4

Non-cash ROU assets obtained in exchange for new lease liabilities
12.9


The following represents the Company's lease expense for the fiscal year ended 31 March 2020:
(Millions of US dollars)
 
Year Ended
31 March 2020
Operating leases
 
$
18.4

Short-term leases
 
1.0

Variable leases
 
0.1

Finance leases
 
0.3

Interest on lease liabilities
 
0.1

Total lease expense
 
$
19.9


Schedule of Weighted-Average Remaining Lease Term and Discount Rate
At 31 March 2020 the weighted-average remaining lease term of the Company's leases is as follows:
(In Years)
31 March 2020
Operating leases
5.4
Finance leases
4.4

At 31 March 2020 the weighted-average discount rate of the Company's leases is as follows:
 
31 March 2020
Operating leases
4.4
%
Finance leases
4.4
%

Operating Lease, Future Lease Payments
The following are future lease payments for non-cancellable leases at 31 March 2020:
Years ended 31 March (Millions of US dollars):
Operating
Leases
 
Finance
Leases
 
Total
2021
$
16.7

 
$
0.6

 
$
17.3

2022
13.1

 
0.5

 
13.6

2023
9.2

 
0.5

 
9.7

2024
6.7

 
0.3

 
7.0

2025
4.4

 
0.2

 
4.6

Thereafter
8.8

 
0.1

 
8.9

Total
$
58.9

 
$
2.2

 
$
61.1

Less: imputed interest
 
 
 
 
3.4

Total lease liabilities
 
 
 
 
$
57.7


Finance Lease, Future Lease Payments
The following are future lease payments for non-cancellable leases at 31 March 2020:
Years ended 31 March (Millions of US dollars):
Operating
Leases
 
Finance
Leases
 
Total
2021
$
16.7

 
$
0.6

 
$
17.3

2022
13.1

 
0.5

 
13.6

2023
9.2

 
0.5

 
9.7

2024
6.7

 
0.3

 
7.0

2025
4.4

 
0.2

 
4.6

Thereafter
8.8

 
0.1

 
8.9

Total
$
58.9

 
$
2.2

 
$
61.1

Less: imputed interest
 
 
 
 
3.4

Total lease liabilities
 
 
 
 
$
57.7