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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2020-09-02 compared with 2019-08-23 · 1 added, 1 removed, 33 unchanged (6% of the section changed)
18 unchanged sentences
Borrowings are drawn down after due consideration of market conditions and expectation of future interest rate movements.
−Removed: As of June 30, 2019, we had $69.3 million outstanding under our debts loan with the Bank and $61.2 million outstanding under our capital leases, which were subject to fluctuations in interest rates.
+Added: As of June 30, 2020, we had $129.9 million outstanding under our loan with the Bank and $42.1 million outstanding under our capital leases, which were subject to fluctuations in interest rates.
For the year ended June 30, 2020, a hypothetical 10% increase in the interest rate could result in $0.7 million additional annual interest expense.
13 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.