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NOTES TO THE CONSOLIDATED

FINANCIAL STATEMENTS

For the year ended June 30, 2020

lease liability representing its obligation to make lease payments. IFRS 16 supersedes IAS 17 – Leases,
IFRIC 4 – Determining whether an Arrangement contains a Lease, SIC 15 – Operating Leases–Incentives and
SIC 27 – Evaluating the Substance of Transactions Involving the Legal Form of a Lease. Impact of adoption
of IFRS 16 is disclosed in note. 8 of the consolidated financial statements.

– IFRIC 23 ‘Uncertainty over Income Tax Treatments’:
IFRIC 23 clarifies how the recognition and measurement requirements of IAS 12 ‘Income taxes’, are applied
where there is uncertainty over income tax treatments. An uncertain tax treatment is any tax treatment applied
by an entity where there is uncertainty over whether that treatment will be accepted by the tax authority. For
example, a decision to claim a deduction for a specific expense or not to include a specific item of income
in a tax return is an uncertain tax treatment if its acceptability is uncertain under tax law. IFRIC 23 applies
to all aspects of income tax accounting where there is an uncertainty regarding the treatment of an item,
including taxable profit or loss, the tax bases of assets and liabilities, tax losses and credits and tax rates.
The interpretation does not have any impact on these consolidated financial statements.

– 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any borrowing originally made to develop an asset when the asset is ready for its intended use or sale.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 consolidated 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 group’s financial reporting
and operations and are therefore not disclosed in these consolidated 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 group
– 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 prohibit 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 group’s financial statements.

– Amendments 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 group’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

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