Commitments

12 Months Ended

Jun. 30, 2018

Commitments [Abstract]

Commitments

14. Commitments

a. Capital commitments

The Group did not have any commitments for future capital expenditure outstanding as of June 30, 2018 and June 30, 2017.

b. Lease commitments: Group as lessee

The Group leases various offices under non-cancellable operating leases expiring within 1 to 4 years. The leases have varying terms, escalation clauses and renewal rights. On renewal, the terms of the leases are renegotiated. Excess office space is sub-let to a third party also under a non-cancellable operating lease.

							Later than
					Later than one		three years
					year but no		but no later
			Within one		later than		than five		Later than
(in U.S. dollars, in thousands)	Total		year		three years		years		five years
Operating leases		3,926		1,651		2,240		35		—
Total commitments		3,926		1,651		2,240		35		—

Lease commitments include amounts in AUD and Singapore dollars which have been translated to USD as of June 30, 2018 foreign exchange rates published by the Reserve Bank of Australia.

c. Lease commitments: Group as lessor

The Group sub-leases under non-cancellable operating leases expiring within 2 years. Future minimum lease payments expected to be received in relation to non-cancellable operating sub-leases are set out below:

							Later than
					Later than one		three years
					year but no		but no later
			Within one		later than		than five		Later than
(in U.S. dollars, in thousands)	Total		year		three years		years		five years
Operating leases		220		155		65		—		—
Total commitments		220		155		65		—		—

d. Purchase commitments

The Group did not have any purchase commitments as of June 30, 2018.