Hi WP
Can you please explain these 2 items,they stand out as considerable $ for 2019 & zilch in 2018
NON-CURRENT ASSETS
Right-of-use assets 9,044,800
and
NON-CURRENT LIABILITIES
Lease liabilities 8,927,110 -
A new accounting standard came in Jan 2019 around how operational leases are recorded
What it means is you are recording the right to use an asset over the life of a lease.
The non current asset amount is the value of the asset you have received under the original lease
The non current liability amount is in simple terms the value the liability you have to pay over the life of the lease
Perviously operational leases didn't get recorded this way. Finance leases were but not operations
This website gives a more thorough explanation
https://www.accountingtools.com/articles/2017/11/26/right-of-use-assetSo Taz, the 2 items you've highlighted are linked
Without seeing the full financials which would have notes explaining what we have recorded I don't think it right to speculate on what is covered
But I would think that it would be reasonable to think the Aligned Leisure business, Wantirna Club impact here.
I am waiting to receive my copy of the full financials to get more info