text: assets and liabilities are translated at year-end exchange rates prevailing at that reporting date; 
  income and expenses are translated at average exchange rates for the period; and 
  retained profits, issued capital and paid-in-capital are translated at the exchange rates prevailing at the 
  date of the transaction. 
  
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  Exchange differences arising on translation of foreign operations are transferred directly to the Group’s foreign 
  currency translation reserve. These differences are recognised in the statement of profit or loss and other 
  comprehensive income upon disposal of the foreign operation. 
  
  **h) Employee Benefits**
  A provision is made for the Group’s liability for employee benefits arising from services rendered by employees to 
  the balance sheet date. Employee benefits that are expected to be settled within one year have been measured at 
  the amounts expected to be paid when the liability is settled, plus related on-costs. Employee benefits payable later 
  than one year have been measured at the present value of the estimated future cash outflows to be made for these 
  benefits. Those cash flows are discounted using market yields on national government bonds with terms to maturity 
  that match the expected timing of cash flows. 
  
  **Equity - Settled Compensation**
  The Group has an incentive compensation plan where employees may be issued shares and/or options. The fair 
  value of the equity to which employees become entitled is measured at grant date and recognized as an expense 
  over the vesting period with a corresponding increase in equity. The fair value of shares issued is determined with 
  reference to the latest ASX share price. Options are fair valued using an appropriate valuation technique which takes 
  into account the vesting conditions. 