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Non-cancellable operating leases contracted for but not capitalised in the financial statements
Payable - One year or less
Payable - Later than 12 months but not later than five years
Lease Liability as at 1 July 2019
Reduction in Lease Liability during the year
Non- Current Liability
Right of Use Asset
The company adopted AASB 16 Leases as on 1 July 2019 to recognise right of use asset and lease liability for the office leases for Melbourne and Sydney. Other operating lease commitments for the financial year ended 30 June 2020 are for the office leases for Darwin and Perth and a photocopier.
There were no other commitments at balance date.