Red Bubble Annual Report 2022

13. Intangible Assets continued Brand name $’000 Capitalised development costs $’000 Goodwill $’000 Total $’000 Cost Balance at 1 July 2021 6,326 54,035 47,352 107,713 Additions – 9,618 – 9,618 Disposals – (236) – (236) Exchange differences 577 – 4,325 4,902 Balance at 30 June 2022 6,903 63,417 51,677 121,997 Balance at 1 July 2020 6,878 48,791 51,489 107,158 Additions – 5,384 – 5,384 Disposals – (140) – (140) Exchange differences (552) – (4,137) (4,689) Balance at 30 June 2021 6,326 54,035 47,352 107,713 Accumulated amortisation Balance at 1 July 2021 – (45,227) – (45,227) Charge for the year – (6,206) – (6,206) Disposals – 182 – 182 Exchange differences – – – – Balance at 30 June 2022 – (51,251) – (51,251) Balance at 1 July 2020 – (35,582) – (35,582) Charge for the year – (9,647) – (9,647) Disposals – 2 – 2 Exchange differences – – – – Balance at 30 June 2021 – (45,227) – (45,227) Net book value As at 30 June 2022 6,903 12,166 51,677 70,746 As at 30 June 2021 6,326 8,808 47,352 62,486 No intangible assets have been impaired in the financial year ending 30 June 2022 (2021: $nil). Notes to the Consolidated Financial Statements continued For the Year Ended 30 June 2022 14. Leases (a) Group as a lessee The Group leases various offices in Australia, the United States and Germany. Rental contracts are typically made for fixed periods of between 1 to 5 years (2021: 1 to 8 years). Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. Set out below are the carrying amounts of right-of-use assets and lease liabilities and the movements during the period: Right of use assets 2022 $’000 2021 $’000 Balance at 1 July 4,466 6,649 Additions 6,747 953 Depreciation and amortisation expense (3,376) (2,689) Exchange differences 248 (447) Balance as at 30 June 8,085 4,466 Lease liabilities 2022 $’000 2021 $’000 Balance at 1 July 6,002 9,763 Additions 6,675 826 Interest expense 385 320 Lease liability repayment (3,818) (4,239) Exchange differences 381 (668) Balance as at 30 June 9,625 6,002 Classification of lease liabilities 2022 $’000 2021 $’000 Current 3,117 2,280 Non-current 6,508 3,722 Total lease liabilities 9,625 6,002 Amounts recognised in the statement of cashflow 2022 $’000 2021 $’000 Operating – payments of interest (345) (320) Operating – payments for short term leases(1) - (4) Financing – payments of principal (3,473) (3,919) Total cash (outflow) relating to leases (3,818) (4,243) (1) I ncludes leases with a lease term of 12 months or less. This amount is also recognised in operations, administration and technology expenses in the consolidated statement of comprehensive income. The Group has several lease contracts that include an extension option. Management exercises significant judgement in determining whether these extension options are reasonably certain to be exercised. Set out below are the undiscounted potential future rental payments relating to periods following the exercise date of extension options that are not included in the lease term: Within five years $’000 More than five years $’000 Total $’000 Extension options not reasonably certain to be exercised 5,945 8,874 14,819 77 Redbubble – Annual Report 2022 76 Redbubble – Annual Report 2022

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