Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
12 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Summary of supplemental balance sheet information related to leases
The tables below show the changes during the year ended June 30, 2022 and 2021:
 
(US$’000)
  
Operating
lease
right-of-
use assets
 
Initial measurement at July 1, 2020
   $ 395  
Amortization of right of use asset
     (193
    
 
 
 
Balance at June 30, 2021
     202  
Re-measurement during the period
     794  
Amortization of right of use asset
     (225
    
 
 
 
Operating lease right-of-use asset at June 30, 2022
   $ 771  
    
 
 
 
 
(US$’000)
  
Operating
lease
liabilities
 
Initial measurement at July 1, 2020
   $ 405  
Principal payments on operating lease liabilities
     (192
    
 
 
 
Operating lease liabilities at June 30, 2021
     213  
Re-measurement during the period
     794  
Principal payments on operating lease liabilities
     (196
    
 
 
 
Operating lease liabilities at June 30, 2022
     811  
Less: non-current portion
     559  
    
 
 
 
Current portion at June 30, 202
2
   $ 252  
    
 
 
 
Summary of maturities of the operating lease liabilities
As of June 30, 2022, the Company’s operating lease has a remaining lease term of 2.96 years and a discount rate of 4.67%. The maturities of the operating lease liabilities are as follows:
 
(US$’000)
  
June 30,
2022
 
2023
     285  
2024
     295  
2025
     291  
    
 
 
 
Total operating lease payments
     871  
Less imputed interest
     (60
    
 
 
 
Present value of operating lease liabilities
   $ 811