Matter 1:

In August 2022, the company invested in a new IT platform, costing $5.4 million. This investment is considered a one-off expense and recognised in non-operating expenses.

Matter 2:

The new IT platform will enhance customers' experience with the company's booking system and allow data to be interfaced directly into the accounting records. For payments received in advance from customers, the company policy is to credit prepayments from customers, and subsequently transfer to revenue when service providers confirm customers' utilisation of the services.

Matter 3:

In October 2022, management reassessed and reduced the useful lives of capitalised development intangible assets - booking platforms - as below:

Estimate of useful lives used in the calculation of depreciation Intangible asset class Previous Revised Flight platforms 15 years 10 years Hotel platforms 10 years 8 years