b'NOTE 25: CONTINGENCIES Contingencies relate to the outcome of future events and may result in an asset or liability, however due to current uncertainty do not qualify for recognition.Ozcare has joined the National Redress Scheme for people who have experienced institutional child sexual abuse. Currently there are no pre-existing or known claims against Ozcare. At reporting date, there are no contingent assets or contingent liabilities.NOTE 26: EVENTS AFTER THE REPORTING PERIOD Ozcare incurred COVID-19 outbreak costs during the financial year including incremental staff expenses, personal protective equipment, infection prevention and control, and employee welfare. Subsequent to 30 June 2022, under the COVID-19 Aged Care Support Program with The Department of Health and Aged Care, Ozcare has applied for government funding totalling $1.4M, for all of the impacted services.The Department of Health and Aged Care has advised of ongoing delays in processing COVID-19 outbreak claims and once the grant monies are approved by The Department, Ozcare will recognise these amounts as revenue.Except for matters disclosed elsewhere within the financial report, there have been no other matters or circumstances which have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the Company, the results of those operations or the state of affairs of the company in future financial years. NOTE 27: DELAMORE ACQUISITION On 28th February 2022 Ozcare acquired the Delamore Retirement Community (Delamore Acquisition) from The Institute of the Missionary Franciscan Sisters of the Immaculate Conception for a purchase price of $3,751,831 (after adjustments).Details of the acquisition are as follows: $000 Cash and cash equivalentscapital replacement112 Investment Property - Land3,400 Investment Property - Buildings13,348 Resident liabilities - Ingoing Contributions - Retirement Village(13,065) Employee benefits provision(43) Net assets acquired3,752 Goodwill-Acquisition-date fair value of the total consideration transferred3,752 Representing: - Cash paid3,800 - Cash received by vendor (adjustments)(48) 3,752Acquisition costs expensed to profit or loss29Accounting policy for business combinations The acquisition method of accounting is used to account for business combinations, unless it is a combination involving entities or businesses under common control, regardless of whether equity instruments or other assets are acquired. Page | 47'