Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Leases

v3.20.1
Leases
 12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
LEASES:

NOTE 14- LEASES:

 

The Company has lease contracts for motor vehicles used in its operations. Leases of motor vehicles have lease terms of 3 years.

 

Set out below are the carrying amounts of right-of-use assets recognized and the movements during the period:

 

   

Motor vehicles

  
At January 1, 2019 (the lease commencement date)     19  
Additions     92  
Depreciation expense     (28 )
As at December 31, 2019     83  

 

Set out below are the carrying amounts of lease liabilities and the movements during the period:

 

   

Motor vehicles

  
At January 1, 2019 (the lease commencement date)     19  
Additions     79  
Accretion of interest     8  
Payments     (31 )
As at December 31, 2019     75  
Current     36  

 

The following are the amounts recognized in profit or loss:

 

    Year ended December 31,
2019		  
Depreciation expense of right-of-use assets     28  
Interest expense on lease liabilities     8  
Total amount recognized in profit or loss     36