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NOTE 20. LEASES
 12 Months Ended
Dec. 31, 2021
NOTE 20. LEASES

NOTE 20. LEASES

 

(a)       Right of use assets

 

The carrying amount of the Group's right of use assets and the movements during the year are as follows: 

 

  Consolidated
  Lease Properties   Motor Vehicles   Total
  A$   A$   A$
           
As of January 1, 2020 1,064,986   42,906   1,107,892
Depreciation expenses (287,557)   (12,427)   (299,984)
Disposal (862,109)   (3,887)   (865,996)
Exchange difference 84,680   (26,592)   58,088
As of December 31, 2020 -   -   -
Additions 2,086,229   -   2,086,229
Depreciation expenses (140,565)   -   (140,565)
Exchange difference 13,205   -   13,205
As of December 31, 2021 1,958,869   -   1,958,869

 

(b)       Lease liabilities

 

         
    Consolidated
    December 31,
2021
A$		   December 31,
2020
A$
Within one year   425,567   -
Two to five years   1,403,932   -
    1,829,499   -
Less: Amount due within one year shown under current liabilities   (425,567)   -
Amount due after one year   1,403,932   -
         
Analyzed into:        
Current portion   425,567   -
Non-current portion   1,403,932   -
    1,829,499   -

 

 Obligations under operating leases carried an interest rate of 2.5% per annum.