Page 30 - Directors' report and accounts 2019-20

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Notes to and forming part of the Consolidated Financial Statements for the year ended 30 June 2020
Other Information
This section includes includes additional financial information that is is required by the accounting standards and and includes includes information on on on on our borrowings subsidiaries commitments related party transactions parent entity contingent liabilities company details and and adoption of new accounting standards E1 Borrowings
Current
Lease liability (Note E3)
Non-current
Lease liability (Note E3)
Total borrowings E2 Subsidiaries Consolidated $$
2020
2019
963 574
963 574
3 116 818
3 116 818
4
080 392
28
487
28
487
112 184
112 184
140 671
The consolidated financial financial statements statements incorporate the the financial financial statements statements of the the company and entities (including structured entities) controlled by the the company company and its subsidiaries Control is achieved when the the company:
• has power over the investee • is exposed or has rights to variable returns from its involvement with the investee and • has the ability to to use its its power to to affect its its returns The company reassesses whether or not it controls an an an an investee if facts and circumstances indicate that there are changes to one or or or more of of the the three elements of of control listed above When the the company has less than a a a a a a a majority of of the the the the voting voting rights rights of of an investee investee it it has power over the the the the investee investee when the the the the voting voting rights rights are sufficient to give it it the the the the practical ability to direct the the relevant relevant activities of the the investee unilaterally The company considers all all relevant relevant facts and circumstances in in in in in assessing whether or not the the company's voting rights in in in in in an an an an investee are sufficient to give it power including:
• the the the the the size size of of of of the the the the the company's holding holding of of of of voting rights relative to the the the the the size size and dispersion of of of of holdings of of of of the the the the the other vote holders • potential voting rights held by the the the company other other vote holders or other other parties • rights arising from other contractual arrangements and • any any additional facts and circumstances that that indicate that that the the company has or does not have the the current
ability to to direct the the relevant activities at at at at the the time that decisions need to to be made including voting patterns at at at at previous shareholders' meetings Consolidation of a a a a a a a a subsidiary subsidiary begins when when the the the company obtains control over the the the subsidiary subsidiary and ceases when when the the the company loses control of of of the subsidiary subsidiary Specifically income and expenses of of of a a a a a a a subsidiary subsidiary acquired or disposed of of of during the the the year are included in in in in the the the consolidated statement of of profit or loss and other comprehensive income from the the the the the date date the the the the the company company gains control control until the the the the the date date when the the the the the company company ceases to control control the the the the the subsidiary Profit or loss and each component of of of other comprehensive income are attributed to the the the owners of of of the the the company and to to the the the non-controlling interests Total comprehensive income of of subsidiaries is attributed to to the the the owners of of the the the company and to the the non-controlling non-controlling interests interests even if this results in in in in in in the the non-controlling non-controlling interests interests having a a a a deficit balance