8 TRADE AND OTHER RECEIVABLES For the year ended 30 June 2025 $ For the year ended 30 June 2024 $ Trade receivables 164,437 26,564 Allowance for expected credit losses – – 164,437 26,564 R&D Tax Incentive refund 1,267,738 1,017,344 Other receivables 146,606 230,189 1,578,781 1,274,097 CREDIT RISK All receivables are current and not considered at risk of non-collection. 9 BUILDING IMPROVEMENTS, PLANT AND EQUIPMENT As at 30 June 2025 $ As at 30 June 2024 $ Building improvements – at cost 191,247 191,247 Accumulated depreciation (158,078) (124,530) 33,169 66,717 Office furniture and equipment – at cost 159,640 131,116 Accumulated depreciation (101,768) (73,453) 57,873 57,663 Research equipment – at cost 1,317,312 1,013,392 Accumulated depreciation (454,746) (307,874) 862,565 705,518 953,607 829,898 MOVEMENT IN CARRYING AMOUNTS Building Improvements $ Office Equipment $ Research Equipment $ Total $ Balance at the beginning of the year 66,717 57,663 705,518 829,898 Additions* – 28,384 295,615 323,999 Depreciation (33,548) (28,173) (144,819) (206,541) Effect of FX translation – – 6,252 6,252 Balance at the end of the year 33,169 57,874 862,565 953,607 * $220,000 of current year Research Equipment additions were funded via an equipment loan. Notes to the Financial Statements continued for the year ended 30 June 2025 46 INOVIQ Limited
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