Page 31 - 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
E2 Subsidiaries (continued)
When necessary adjustments are made to to the the financial statements of subsidiaries to to bring their accounting policies into line with the Group's accounting policies All intragroup assets liabilities equity income expenses and cash flows relating to transactions between members of the Group are eliminated in in in full on on on on consolidation The consolidated financial statements incorporate the the assets liabilities and results of the the following subsidiaries in in in in accordance with the accounting policy described:
IPCA Convention Management Pty Limited
Subcard Australia Pty Ltd
Subcard NZ Limited
Independent Purchasing Company (Australasia) Pte Limited
Independent Purchasing Company Private Limited
Independent Purchasing Company (Australasia) Co Co Limited
Independent Purchasing Company (Australasia) NZ Limited
Independent Purchasing Company (Australasia) Korea Co Co Limited
Subcard Korea Co Ltd
Independent Purchasing Company Japan Kabushiki Kaisha
E3 Leases
Leases
Incorporated
2020
2019
%%
100 100 100 100 100 100 100 100 100 100 $ 808 826 3 689 506 Derecognition - Australia 100 Australia 100 New Zealand 100 Singapore 100 India 100 China 100 New Zealand 100 Korea 100 Korea 100 Japan 100 The The company leases leases office office and office office equipment The The leases leases typically run for a a a a a a a a period of of of 2 to 5 years Lease payments are fixed for the entire lease term Information
about leases for for which the company is is a a a a a lessee is is presented below Right-of-use assets Balance as 1 1 July 2019
Additions
Depreciation expense FX difference
Balance as at 30 June 202020
Lease liability Balance as 1 1 July 2019
Additions
3 689 506 (498 377) 4
593 4
4
4
004 548
Derecognition Interest expense Lease payments FX difference
Balance as at 30 June 2020
- (38 651) (442 809) 5 5 465 4
080 392
866 881