Elixinol Global Limited Annual Report 2020

NOTE 39: PARENT ENTITY INFORMATION ”CONTINUED• Guarantees entered into by the parent entity in relation to the debts of its subsidiaries Except for the deed of cross guarantee, as detailed in Note 35, the parent entity had no other guarantees in relation to the debts of its subsidiaries as at 31 December 2020 and 31 December 2019. Contingent liabilities The parent entity had no contingent liabilities as at 31 December 2020 and 31 December 2019. Capital commitments - property, plant and equipment The parent entity had no capital commitments for property, plant and equipment as at 31 December 2020 and 31 December 2019. Significant accounting policies The accounting policies of the parent entity are consistent with those of the Group, as disclosed in Note 2, except for the following: – Investments in subsidiaries are accounted for at cost, less any impairment, in the parent entity – Dividends received from subsidiaries are recognised as other income by the parent entity and its receipt may be an indicator of an impairment of the investment NOTE 40: EVENTS AFTER THE REPORTING PERIOD No matter or circumstance has arisen since 31 December 2020 that has significantly a”ected, or may significantly a”ect the Group’s operations, the results of those operations, or the Group’s state of a”airs in future financial years. Notes to the Consolidated Financial Statements for the year ended 31 December 2020 F INANCI AL REPORT 92 Elixinol Global Limited | Annual Report 2020