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Yes - you are right. Its predominately about Right of Use...

  1. 56 Posts.
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    Yes - you are right. Its predominately about Right of Use Assets.

    Maybe that was a large assumption on my part that a lease can not be depreciated - I assumed the right of use asset was the property they rent, but could only become their asset because they created a fit-out. Reading further into it on the 2021 annual report, they suggest that there is a leasing licence - in which case, thats a new idea to me. Im keen for anyone that is squared away on this to jump in and explain it actually.

    https://hotcopper.com.au/data/attachments/5925/5925705-83e236c5412d13bc5902a76d22f5c57d.jpg



 
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