| Leases |
The Company, as a lessee, has lease contracts for various items of property and vehicles used in its operations. Certain leases include extension and termination options. These options are negotiated by management to provide flexibility in managing the leased-asset portfolio and align with the Company’s business needs. Right-of-use assets
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Buildings |
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Vehicles |
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Other |
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Total |
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Cost |
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September 30, 2022 |
|
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145,129 |
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4,192 |
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— |
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|
149,321 |
|
Additions |
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|
49,106 |
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|
2,151 |
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|
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— |
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|
|
51,257 |
|
Derecognition on termination |
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|
(10,288 |
) |
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|
(912 |
) |
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— |
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|
|
(11,200 |
) |
Impact of foreign currency translation |
|
|
(6,808 |
) |
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|
1 |
|
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— |
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|
|
(6,807 |
) |
September 30, 2023 |
|
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177,139 |
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|
5,432 |
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— |
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182,571 |
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Additions |
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81,869 |
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3,363 |
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11,312 |
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|
96,544 |
|
Derecognition on termination |
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(6,721 |
) |
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(791 |
) |
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— |
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|
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(7,512 |
) |
Impact of foreign currency translation |
|
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(6,243 |
) |
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5 |
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(502 |
) |
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(6,740 |
) |
September 30, 2024 |
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246,044 |
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|
8,009 |
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|
10,810 |
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264,863 |
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|
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|
|
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Accumulated depreciation |
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|
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|
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|
|
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September 30, 2022 |
|
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(34,628 |
) |
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(1,171 |
) |
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— |
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|
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(35,799 |
) |
Depreciation |
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(32,069 |
) |
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(1,197 |
) |
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|
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(33,266 |
) |
Derecognition on termination |
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|
7,507 |
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|
517 |
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— |
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|
8,024 |
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Impact of foreign currency translation |
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|
1,454 |
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— |
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— |
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|
1,454 |
|
September 30, 2023 |
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(57,736 |
) |
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(1,851 |
) |
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— |
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|
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(59,587 |
) |
Depreciation |
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(37,926 |
) |
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(1,668 |
) |
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(2,684 |
) |
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(42,278 |
) |
Derecognition on termination |
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5,551 |
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|
602 |
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— |
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|
6,153 |
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Impact of foreign currency translation |
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|
2,031 |
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(4 |
) |
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|
156 |
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2,183 |
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September 30, 2024 |
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(88,080 |
) |
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(2,921 |
) |
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(2,528 |
) |
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(93,529 |
) |
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Net book value |
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September 30, 2023 |
|
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119,403 |
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|
3,581 |
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— |
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122,984 |
|
September 30, 2024 |
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157,964 |
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5,088 |
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8,282 |
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171,334 |
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Lease liabilities
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Buildings |
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Vehicles |
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Other |
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Total |
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September 30, 2022 |
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113,453 |
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3,029 |
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— |
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116,482 |
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Additions |
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45,865 |
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|
2,549 |
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— |
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|
48,414 |
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Lease payments |
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(33,361 |
) |
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(1,155 |
) |
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— |
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(34,516 |
) |
Interest |
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5,631 |
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|
90 |
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— |
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|
5,721 |
|
Impact of foreign currency translation |
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(5,142 |
) |
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|
(900 |
) |
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— |
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(6,042 |
) |
September 30, 2023 |
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126,446 |
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3,613 |
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— |
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130,059 |
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Additions |
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79,705 |
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|
|
3,166 |
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|
12,840 |
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|
95,711 |
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Lease payments |
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(41,323 |
) |
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(1,783 |
) |
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(4,090 |
) |
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(47,196 |
) |
Interest |
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8,066 |
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|
181 |
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|
1,155 |
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|
|
9,402 |
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Impact of foreign currency translation |
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(3,909 |
) |
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|
6 |
|
|
|
— |
|
|
|
(3,903 |
) |
September 30, 2024 |
|
|
168,985 |
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5,183 |
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9,905 |
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184,073 |
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Ancillary expense related to variable lease payments not included within the measurement of lease liabilities on a monthly basis are immaterial, accounting for approximately 10% or less of total lease payments for buildings. Refer to Note 6 – Financial risk management objectives and policies for disclosure of lease liability maturities. The Company did not identify any significant variable lease payments that are not included in the lease liability for the years ended September 30, 2024, 2023 and 2022. Short term lease payments and payments on low value lease assets were not significant for the years ended September 30, 2024, 2023 and 2022. For further detail with respect to the Company’s leases, refer to Note 3 – Accounting Policies and Note 30 – Related party disclosures.
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