Page 32 - 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
E3 Leases (continued)
Amount recognised in profit or loss
2020
- Leases under AASB 16
Interest on lease liabilities Depreciation on on right-of-use assets
2019 - Operating leases under AASB 117
Lease expense
Amounts recognised in statement of cash flows
Total cash outflow for leases Extension options
$
38 651 498 377
1 1 1 081 144 (475 994)
Some leases contain extension options
exercisable by the the the Group up up to one year before the the the end of the the the non-cancellable contract period Where practicable the Group seeks to to include extension options
in in new leases to to provide operational flexibility The The extension options
held are exercisable only by by the the Group Group and not by by the the lessors The The Group Group assesses at lease commencement date whether it is is reasonably certain to exercise the the extension options
The Group reassesses whether it is is is reasonably certain to exercise the the the options
if if if there is is is a a a a a a a significant significant event or significant significant changes in in circumstances within its control E4 Related Party Transactions
The directors of the the company have the the following interest in in in Subway restaurants:
Greg Patterson currently operates 3 Subway restaurants Mark Rutherglen currently operates 3 Subway restaurants Kane Richards currently operates 4 Subway restaurants Devendra Maharaj currently operates 8 Subway restaurants Alexander Moody-Stuart currently operates 3 Subway restaurants Luke Anderson currently operates 6
Subway restaurants Chimmy Young currently operates 6
Subway restaurants Darren Schwarz currently operates 4 Subway restaurants Dallas Mulholland currently operates 2 Subway restaurants Jennifer Garana currently operates 3 Subway restaurants Roshan Perera currently operates 3 Subway restaurants