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NOTES TO THE UNCONSOLIDATED

FINANCIAL STATEMENTS

For the year ended June 30, 2020

– Annual Improvements to IFRS Standards 2015–2017 Cycle. The new cycle of improvements
addresses improvements to following approved accounting standards (effective for annual period
beginning on or after January 1, 2019):
– IFRS 3 Business Combinations and IFRS 11 Joint Arrangements. The amendment aims to clarify the
accounting treatment when a company increases its interest in a joint operation that meets the definition
of a business. A company remeasures its previously held interest in a joint operation when it obtains
control of the business. A company does not remeasure its previously held interest in a joint operation
when it obtains joint control of the business.
– IAS 12 Income Taxes. The amendment clarify that all income tax consequences of dividends (including
payments on financial instruments classified as equity) are recognized consistently with the transaction
that generates the distributable profit.

– IAS 23 Borrowing Costs. The amendment clarify that a company treats as part of general borrowings
any borrowing originally made to develop an asset when the asset is ready for its intended use or sale.

The improvements do not have a significant impact on these unconsolidated financial statements.

The other amendments to published standards and interpretations that are mandatory for the financial year
are considered not to be relevant or to have any significant impact on the Company’s financial reporting and
operations and are therefore not disclosed in these unconsolidated financial statements.

4.2 Standards, interpretations and amendments to approved accounting standards that are issued but
not yet effective and have not been early adopted by the Company
– Amendment to IAS 16 ‘Property, Plant and Equipment’ – Proceeds before Intended Use (effective
for annual period beginning on or after January 01, 2022):
The amendment prohibits deducting from the cost of an item of property, plant and equipment any proceeds
from selling items produced while bringing that asset to the location and condition necessary for it to be
capable of operating in the manner intended by management. Instead, an entity recognizes the proceeds
from selling such items, and the cost of producing those items, in profit or loss. The amendment is not likely
to have an impact on the Company’s financial statements.

– Amendment to IFRS 9, ‘Financial Instruments’; IAS 39, ‘Financial Instruments: Recognition and
Measurement, and IFRS 7, ‘Financial Instruments: Disclosures’ – Interest Rate Benchmark Reform
(effective for the Company’s annual period beginning on January 1, 2020):
The changes in Interest Rate Benchmark Reform

i. modify specific hedge accounting requirements so that entities would apply those hedge accounting
requirements assuming that the interest rate benchmark on which the hedged cash flows and cash
flows from the hedging instrument are based will not be altered as a result of interest rate benchmark
reform;
ii. are mandatory for all hedging relationships that are directly affected by the interest rate benchmark
reform;
iii. are not intended to provide relief from any other consequences arising from interest rate benchmark
reform (if a hedging relationship no longer meets the requirements for hedge accounting for reasons other
than those specified by the amendments, discontinuation of hedge accounting is required);
iv. and require specific disclosures about the extent to which the entities’ hedging relationships are affected
by the amendments.
The Company is yet to assess the full impact of the amendment.

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