Sustainability and Governance Report
[Notes
Notes to the FINANCIAL STATEMENTS
19. Leases (cont'd)
Group as a lessee (cont'd)
(c) Amounts recognised in profit or loss
Depreciation of right-of-use assets
Interest expense on lease liabilities
Lease expense not capitalised in lease liabilities (included in other expense):
Expense relating to short term leases
Total rental expense (Note 7)
Total amount recognised in profit or loss
(d) Total cash outflow
The Company had total cash outflows for leases of $1,333,000 in 2020.
(e) Extension options
Group
2020
$'000
1,051
33
277
277
1,361
The Group has a lease contract that includes an extension option. The option is negotiated by management to provide flexibility in managing the leased-asset portfolio
and align with the Group's business needs. Management exercises judgement in determining whether this extension option is reasonably certain to be exercised.
As at 31 March 2020, potential future (undiscounted) cash outflows of approximately $524,000 have not been included in lease liabilities because it is not reasonably
certain that the leases will be extended.
20. Deferred tax
Deferred tax as at 31 March relates to the following:
Group
Deferred tax assets
Provisions and accruals
Exchange differences
Provisions and accruals
Deferred tax expense (Note 9)
84
Consolidated
balance sheet
Consolidated statement of
comprehensive income
2020
2019
2020
2019
$'000
$'000
$'000
$'000
150
161
11
1
11
-
161
161
11
1
11
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