Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Leases

v3.22.2.2
Leases
12 Months Ended
Sep. 30, 2022
Leases  
Leases

21. Leases

Leases as lessee

The Group leases several assets including buildings and IT equipment. The average lease term for buildings is 5 years and for IT equipment is 3 years. Information about leases for which the Group is a lessee is presented below.

The Group leases a laboratory and IT equipment which is a short term and/or leases of low-value items. The Group has elected not to recognise right-of-use assets and lease liabilities for these leases. At 30 September 2022, the Group is committed $0.003m for short-term leases.

Right-of-use assets

    

Land &

IT

    

buildings

equipment

Total

$'000

$'000

$'000

Cost

  

At 1 October 2019

 

Additions

 

Foreign exchange on translation

At 30 September 2020

 

At 1 October 2020

Additions

 

Foreign exchange on translation

At 30 September 2021

At 1 October 2021

Additions

7,597

704

8,301

Foreign exchange on translation

(1,321)

(1,321)

At 30 September 2022

 

6,276

704

6,980

Depreciation

 

At 1 October 2019

 

Charge

 

Foreign exchange on translation

At 30 September 2020

 

At 1 October 2020

Charge

 

Foreign exchange on translation

At 30 September 2021

At 1 October 2021

Charge

(841)

(82)

(923)

Foreign exchange on translation

80

2

82

At 30 September 2022

 

(761)

(80)

(841)

Net Book Value

 

  

  

  

At 30 September 2022

 

5,515

624

6,139

At 30 September 2021

 

At 30 September 2020

 

Lease liability

    

2022

    

2021

    

2020

$'000

$'000

$'000

Current liabilities

 

  

 

  

 

  

Lease liabilities

1,154

Non-current liabilities

 

  

 

  

 

  

Lease liabilities

 

6,681

 

 

7,835

Amounts recognised in profit or loss

    

2022

    

2021

    

2020

$'000

$'000

$'000

 

  

 

  

 

  

Depreciation expense on right of use assets

 

923

 

 

Interest on lease liabilities

 

221

 

 

Expense relating to short-term leases

12

 

9

 

 

 

 

Total

 

1,156

 

9

 

Amounts recognised in statement of cash flows

    

2022

    

2021

    

2020

$'000

$'000

$'000

 

  

 

  

 

  

Total cash outflow for leases

 

(657)

 

 

 

 

 

Total

 

(657)