I am reading P&L of Barbeque-Nation Hospitality Ltd
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| FINANCE COSTS | 536 | 564 | 756 | 848.68 | 653.03 |
| Interest expense on: | |||||
| Borrowings | 98 | 173 | 161 | 222.51 | 44.98 |
| Provision for asset retirement obligations | 4 | 4 | 3 | 4.37 | 5.26 |
| Interest on lease liabilities | 394 | 481 | 341 | 499.23 | 508.03 |
| Gross obligation | 23 | 44 | 44.25 | ||
| Others | 1 | 0 | 20 | 20.00 | 0.01 |
| Receivable discounting charges | 54 | 157 | 10 | 25.55 | 54.26 |
| Other bank charges | 13 | 17 | 11 | 32.77 | 40.49 |
Bit confused with Fiancé cost mentioned in the P&L has above component.
I have few query
- Interest on lease liabilities is mentioned in this and another expanse has Rent paid — When company already pay rent what is this expanse under finance cost?
- Receivable discounting charges – what expanse is this? this number is very close to the asset company hold in balance sheer that particular year.
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