Notes Consolidated Group For the year ended 30 June 2023 $ For the year ended 30 June 2022 $ CASH FLOWS FROM OPERATING ACTIVITIES Receipts from product income 377,303 387,126 Payment to suppliers and employees (8,303,064) (6,749,252) Legal settlement (1,000,000) – Interest received 306,736 45,276 Interest paid (59,524) (81,963) Grant and other income 206,465 255,690 Research and Development Tax Incentive 1,447,510 – Net cash flows used in operating activities 7 (7,024,574) (6,143,123) CASH FLOWS FROM INVESTING ACTIVITIES Purchase of intangibles 10 (18,082) (126,076) Building improvements – – Purchase of property, plant, and equipment 9 (274,185) (285,826) Net cash (outflow)/inflow from investing activities (292,267) (411,902) CASH FLOWS FROM FINANCING ACTIVITIES Payment of lease liabilities (267,978) (265,447) Proceeds from issue of shares 15(a) – 18,461,716 Share issue costs 15(a) – (1,240,346) Net cash inflow/(outflow) from financing activities (267,978) 16,955,923 NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (7,584,819) 10,400,898 Cash and cash equivalents at the beginning of the financial period 15,394,847 4,998,564 Effects of exchange rate changes on balance of cash held in foreign currencies 2,483 (4,615) Cash equivalents at the end of the financial period 7 7,812,511 15,394,847 The accompanying notes form part of these financial statements. Consolidated Statement of Cash Flows for the year ended 30 June 2023 39 Annual Report 2023
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