Note 19 - Trade and Other Payables

12 Months Ended

Jun. 30, 2020

Statement Line Items [Line Items]

Disclosure of trade and other payables [text block]

1

9

.         Trade and other payables

	As at June 30				As at March 31
(US dollars in thousands)	20 20		2019		2019		201 8
Trade payables		4,807		5,554		5,675		3,806
Accruals		370		2,247		1,952		3,008
Related party payable		504		1,527		1,378		1,838
Payroll liabilities		1,383		1,209		1,165		504
Sales tax payable		496		1,054		764		310
Contract liabilities		6,013		10,095		4,978		1,544
Other creditors		1,822		2,953		2,011		3,072
Total		15,395		24,639		17,923		14,082

In accordance with IFRS

15

– Revenue from Contracts with Customers, contract liabilities are presented as a separate line item. Contract liabilities relate to the Company's obligation to transfer goods or services to customers for which the Company has received consideration (or the amount is due) from customers. Contract liabilities are recorded as revenue when the Company fulfils its performance obligations under the contract.

Of the

$10.1

million contract liabilities balance at

June 30, 2019

and

$5.0

million balance at

March 31, 2019,

$2.4

million was

not

recognized as revenue in the year ended

June 30, 2020

and remained outstanding at

June 30, 2020

due to contract postponement; now budgeted in the

first

half of the year ended

June 30, 2021.

All other contract liabilities balances at

June 30, 2019,

March 31, 2019,

2018

and

2017

were recognized as revenue in the subsequent accounting period.