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Note 2.4: Interest Bearing Liabilities

2020

2019

$’000

$’000

2.4A: Leases

Lease Liability1

1,251

-

Total leases

1,251

-

1. The NLA 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.

Total cash outflow for leases for the year ended 30 June 2020 was $134,204.

Accounting Policy
Leases
Refer Overview section for accounting policy on leases.