About Irisenergy limited company New Caledonia
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4 FAQs about [Irisenergy limited company New Caledonia]
Who is Iris energy limited?
Iris Energy Limited is the ultimate parent entity. Interests in subsidiaries are set out in note 28. Disclosures relating to key management personnel are set out in note 35. Other than those disclosed in note 35, there were no transactions with related parties during the current and previous financial year.
What are the consolidated financial statements of Iris energy limited?
The consolidated financial statements incorporate the assets and liabilities of all subsidiaries of Iris Energy Limited as at 30 June 2022 and 30 June 2021 and the results of all subsidiaries for the years ended 30 June 2022, 30 June 2021, and 30 June 2020. Subsidiaries are all those entities over which the Group has control (as listed in note 28).
Is Iris Energy Limited a base rate entity?
For the year ended 30 June 2021, Iris Energy Limited was considered a Base Rate Entity (‘BRE’) under Australian tax legislation with a statutory tax rate of 26%. For the year ended 30 June 2022, the Group’s aggregated turnover exceeded the BRE threshold of $34,474,000 (A$50,000,000) and is therefore subject to a statutory tax rate of 30%. 9.
What currency does Iris energy limited use?
(1) The functional currency of Iris Energy Limited is AUD. For the purposes of consistent presentation in the financial statements the parent entity is reported in USD. The foreign currency translation reserve balance arises on translation of AUD denominated equity balances at historical cost.
