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Leases
12 Months Ended
Jun. 30, 2022
Presentation Of Leases For Lessee [Abstract]  
Leases

Note 21 Leases

This note provides information for leases where the group is the lessee.

Amounts recognized in the balance sheet

The balance sheet shows the following amounts relating to leases:

 

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Right-of-use assets - Buildings

 

$

7,443,048

 

 

$

7,406,943

 

 

 

 

 

 

 

 

Lease liabilities

 

 

 

 

 

 

Current

 

$

489,846

 

 

$

410,792

 

Non-current

 

 

7,265,686

 

 

 

7,120,396

 

Total

 

$

7,755,532

 

 

$

7,531,188

 

 

 

There were no additions to the right-of-use assets during the 2022 financial year (2021: $5,084,858). The movement of $36,105 consists of depreciation expense of $593,980 and a foreign currency gain of $630,085. Refer to Note 31, Financial risk management, for a maturity analysis of lease liabilities.

 

Amounts recognized in the statement of profit or loss and other comprehensive income

The statement of profit or loss and other comprehensive income shows the following amounts relating to leases:

 

 

 

Year Ended June 30,

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

Depreciation of right-of-use assets - Buildings

 

$

593,980

 

 

$

197,680

 

 

$

210,381

 

Interest expense

 

$

312,786

 

 

$

123,763

 

 

$

112,303

 

 

The total cash outflow for leases in the year ended June 30, 2022 was $425,506 (2021: $190,426). The Group had no short-term leases at June 30, 2022 and 2021.