text: Hire Purchase lease payments are allocated between interest expense and reduction of lease 
  liability over the term of the lease. The interest expense is determined by applying the interest 
  rate implicit in the lease to the outstanding lease liability at the beginning of each lease 
  payment period. 
  
  Operating lease payments are recognised as an expense on a basis which reflects the pattern in 
  which economic benefits from the leased asset are consumed. 
  
  **(o) Principles of Consolidation**
  
  The consolidated financial statements are prepared by combining the financial statements of 
  all the entities that comprise the economic entity, being the company (the parent entity) and 
  its controlled entities as defined in accounting standard AASB 1024 “Consolidated 
  Accounts”. A list of controlled entities appears in note 11 to the financial statements. 
  Consistent accounting policies are employed in the preparation and presentation of the 
  consolidated financial statements. 
  
  The consolidated financial statements include the information and results of each controlled 
  entity from the date on which the company obtains control and until such time as the 
  company ceases to control such entity. 
  
  In preparing the consolidated financial statements, all intercompany balances and 
  transactions, and unrealised profits arising within the economic entity are eliminated in full. 