Notes Consolidated Group As at 30 June 2023 $ As at 30 June 2022 $ CURRENT ASSETS Cash and cash equivalents 7 7,812,511 15,394,847 Trade and other receivables 8 1,193,007 1,705,853 Inventories 17,815 13,429 Prepayments 380,161 352,656 TOTAL CURRENT ASSETS 9,403,494 17,466,785 NON-CURRENT ASSETS Building improvements, plant, and equipment 9 861,845 780,307 Intangible assets 10 10,651,666 11,665,556 Goodwill 10 – – Right-of-use assets 11 591,813 866,811 TOTAL NON-CURRENT ASSETS 12,105,324 13,312,674 TOTAL ASSETS 21,508,818 30,779,459 CURRENT LIABILITIES Trade and other payables 12 787,796 1,046,251 Lease liability 13 362,347 357,032 Provisions 14 367,761 392,413 TOTAL CURRENT LIABILITIES 1,517,904 1,795,696 NON-CURRENT LIABILITIES Lease liability 13 368,365 641,656 Provisions 14 7,152 49,270 Deferred tax liability 6(c) – – TOTAL NON-CURRENT LIABILITIES 375,517 690,926 TOTAL LIABILITIES 1,893,421 2,486,622 NET ASSETS 19,615,397 28,292,837 Issued capital 15(a) 69,053,379 69,053,379 Distribution reserve 16 – (309,421) Share based payment reserve 16 1,679,616 1,458,171 Foreign exchange translation reserve 16 (45,076) (51,766) Accumulated losses 17 (51,072,522) (41,857,526) TOTAL EQUITY 19,615,397 28,292,837 The accompanying notes form part of these financial statements. Consolidated Statement of Financial Position as at 30 June 2023 37 Annual Report 2023
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