37 Annual Report 2022 Notes Consolidated Group For the year ended 30 June 2022 $ For the year ended 30 June 2021 $ CASH FLOWS FROMOPERATING ACTIVITIES Receipts from product income 387,126 455,026 Payment to suppliers and employees (6,749,252) (6,718,026) Interest received 45,276 41,323 Grant and other income 255,690 317,758 Research and Development Tax Incentive - 643,542 Net cash flows used in operating activities 7 (6,061,160) (5,260,377) CASH FLOWS FROM INVESTING ACTIVITIES Purchase of intangibles 10 (126,076) (363,143) Building improvements - (89,844) Purchase of property, plant, and equipment 9 (285,826) (332,845) Net cash acquired from Sienna 29 - 3,764,434 Net cash (outflow)/inflow from investing activities (411,902) 2,978,602 CASH FLOWS FROM FINANCING ACTIVITIES Payment of lease liabilities (347,410) (335,665) Proceeds from issue of shares 15(a) 18,461,716 286,479 Share issue costs 15(a) (1,240,346) - Net cash inflow/(outflow) from financing activities 16,873,960 (49,186) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 10,400,898 (2,330,961) Cash and cash equivalents at the beginning of the financial period 4,998,564 7,326,861 Effects of exchange rate changes on balance of cash held in foreign currencies (4,615) 2,664 Cash equivalents at the end of the financial period 7 15,394,847 4,998,564 The accompanying notes form part of these financial statements. Consolidated Statement of Cash Flows for the year ended 30 June 2022
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