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Notes - 1.1 Expenses (Cont.)

1.1 Expenses (Cont.)

2020

2019

$'000

$'000

Note 1.1C: Finance Costs

Interest on lease liabilities1

9

-

Total finance costs

9

-

1.The NCA has applied AASB 16 using the modified retrospective approach and therefore the comparative information has not been restated and continues to be reported under AASB 117.

The above lease disclosures should be read in conjunction with the accompanying notes 1.1B, 3.2 and 3.4.

Accounting Policy

All borrowing costs are expensed as incurred.

Note 1.1D: Impairment Loss on Financial Instruments

Impairment on financial instruments

23

-

Total impairment on financial instruments

23

-

Note 1.1E: Write-Down and Impairment of Other Assets

Write-down of property, plant and equipment

16

45

Write-down of intangibles

-

36

Total write-down and impairment of other assets

16

81