Page 239 - InterloopAnnualReport2020

NOTES TO THE CONSOLIDATED

FINANCIAL STATEMENTS

For the year ended June 30, 2020

– Used hindsight when determining the lease term if the contract contains options to extend or terminate the
lease.

– Excluded initial direct costs from measuring the right–of–use asset at the date of initial application.

– Did not recognize right of use asset and liabilities for leases where the lease term ends within 12 months of
the date of the initial application.

– Did not recognize right of use assets and liabilities for leases of low value lease.

The details pertaining to right of use assets are disclosed in note 9.3 and related leases are disclosed in note
27.

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