47 Annual Report 2022 5 OPERATING EXPENDITURES For the year ended 30 June 2022 $ For the year ended 30 June 2021 $ General and Administration Employee Expenditure - Staff wages and superannuation 1,143,194 930,770 - Directors’ fees 254,786 265,393 - Contractor fees 15,568 25,815 - Other employment expenses 356,699 735,346 1,770,247 1,957,324 Administrative Costs - Business Combination expenses* - 219,712 - Consulting and legal fees 1,514,422 624,620 - ASX listing and transaction fees plus share registry fees 213,426 204,308 - Short term lease expenditure 81,963 99,204 - Other administration expenses 381,060 560,881 2,190,871 1,708,725 Depreciation and amortisation - Amortisation of acquired intangible asset - hTERT 389,066 360,206 - Amortisation of acquired intangible asset - Molecular Nets 1,288,342 152,194 - Amortisation of granted patents 34,354 36,735 - Depreciation of building improvements 24,102 22,143 - Depreciation of right-of-use assets – AASB 16 Leases 137,499 136,743 - Depreciation of plant and equipment 20,622 16,762 1,893,985 724,783 Per consolidated Statement of Comprehensive Income 5,855,103 4,390,832 * Business combination expenses relates to costs associated with the Sienna transaction as further disclosed in Note 29. The transaction is considered as a business combination with INOVIQ identified as the accounting acquirer. As a result, all transaction related costs incurred have been expensed in accordance with the Group’s accounting policies.
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