Changes in Accounting Policies
|12 Months Ended|
Jan. 31, 2021
|Changes In Accounting Policies|
|Changes in Accounting Policies||
Effective 1 June 2020, IFRS 16 was amended to provide a practical expedient for lessees accounting for rent concessions that arise as a direct consequence of the COVID-19 pandemic and satisfy the following criteria:
The Group has elected to utilise the practical expedient for all rent concessions that meet the criteria. This means the Group does not need to assess whether the rent concession meets the definition of a lease modification. Lessees apply other requirements in IFRS 16 in accounting for the concession. The effect of applying the practical expedient is disclosed in note 24.
The disclosure of changes made to accounting policies by the entity.
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef