Page 35 - 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
Impact on financial statements
Impact on on transition On transition to AASB 16 the Group recognised additional additional right-of-use assets and additional additional lease
liabilities The impact on on transition is is summarised below Right-of-use assets – property plant and equipment Lease liabilities When measuring lease
lease
lease
liabilities for leases leases that were classified as as as as as as operating leases leases the Group discounted lease
payments using its incremental borrowing rate at at 1
1
July 2019 The weighted-average rate applied is 2
58% Operating lease
commitments at at 30 June 2019 as as disclosed under AASB 117 in in the Group's financial statements
Recognition exemption for leases with less than 12 months
of lease
lease
term at transition Recognition exemption for low value leases at transition Discounted using the incremental borrowing rate at at 1
1
July 2019 Finance lease
liabilities recognised as as as at 30 June 2019 reclassified under AASB 16 Lease liabilities recognised at 1
1
July 2019 1
1
Jul 2019 $ 808 826 866 881
1
1
Jul 2019 $ 1
1
1
081 144 (327 131) (2 136) (25 667) 140 671 866 881