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Lease Liabilities (Tables)
12 Months Ended
Jun. 30, 2022
Lease liabilities [abstract]  
Schedule of Lease Liabilities Secured at Amortised Costs

 

 

2022
A$

 

 

2021
A$

 

 

2020
A$

 

Secured – at amortised costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Movement Schedule

 

 

 

 

 

 

 

 

 

Opening Balance – July 1

 

 

867,841

 

 

 

793,148

 

 

 

-

 

Adoption of new leasing accounting standard

 

 

-

 

 

 

-

 

 

 

2,993,675

 

New lease for new property - being rented

 

 

-

 

 

 

854,500

 

 

 

-

 

Repayments

 

 

(174,218

)

 

 

(779,807

)

 

 

(826,942

)

Derecognized on disposal of subsidiaries (Note 34)

 

 

-

 

 

 

-

 

 

 

(1,440,322

)

Effect of foreign currency exchange differences

 

 

-

 

 

 

-

 

 

 

66,737

 

Closing Balance – June 30

 

 

693,623

 

 

 

867,841

 

 

 

793,148

 

 

Disclosed in the financial statements as:

 

Current liabilities

 

 

160,040

 

 

 

174,218

 

 

 

767,711

 

Non-current liabilities

 

 

533,583

 

 

 

693,623

 

 

 

25,437

 

 

 

 

693,623

 

 

 

867,841

 

 

 

793,148

 

 

Schedule of Total Group Cash Outflows for Leases

The total Group cash outflows for leases is set out below:

 

 

 

2022
A$

 

 

2021
A$

 

 

2020
A$

 

Principal element of lease payments

 

 

174,218

 

 

 

779,807

 

 

 

826,942

 

Interest element of lease payments - continuing operations

 

 

26,872

 

 

 

26,934

 

 

 

79,938

 

Interest element of lease payments - discontinuing operations

 

 

-

 

 

 

-

 

 

 

33,176

 

Total cash outflows for leases

 

 

201,090

 

 

 

806,741

 

 

 

940,056

 

Schedule of Undiscounted Potential Future Rental Payments

Set out below are the undiscounted potential future rental payments relating to periods following the exercise date of extension options that are not included in the lease term:

 

 

 

Within five years
A$

 

 

More than five years
A$

 

 

Total
A$

 

As at June 30, 2022

 

 

 

 

 

 

 

 

 

Extension options expected not to be exercised

 

 

-

 

 

 

1,183,105

 

 

 

1,183,105

 

 

 

 

 

 

 

 

 

 

 

As at June 30, 2021

 

 

 

 

 

 

 

 

 

Extension options expected not to be exercised

 

 

-

 

 

 

1,183,105

 

 

 

1,183,105