EQ Resources Limited Annual Report 2021

36 EQ Resources Limited Annual Report 2021 Consolidated Statement of Financial Position ANNUAL Report June 2021 Consolidated Statement of Financial Position 22 Consolidated Statement of Financial Position For the Year ended 30 June 2021 Note 2021 $ 2020 $ Current Assets Cash assets 20(b) 3,504,721 2,989,859 Trade and other receivables 7 1,927,630 332,212 Prepayments 7 324,619 309,547 Inventory 4 673,024 108,000 Total current assets 6,429,994 3,739,618 Non-Current Assets Receivables 8 1,082,071 1,086,681 Plant and equipment 9 2,807,615 2,254,941 Inventory 4 7,142,176 7,437,413 Deferred exploration and evaluation 10 8,280,353 6,896,994 Financial assets 5 3,610 2,113 Total Non-Current Assets 19,315,825 17,678,142 Total Assets 25,745,819 21,417,760 Current Liabilities Trade and other payables 11, 24 3,647,525 736,610 Employee benefits 26 182,840 105,090 Lease liability 22, 24 268,167 200,715 Contract liability – offtake 21 2,323,423 - Contract liability - sublease 21 242,397 125,818 Total Current Liabilities 6,664,352 1,168,233 Non-Current Liabilities Employee benefits 26 24,112 12,884 Lease liability 22, 24 681,140 968,094 Contract liability – offtake 21 - 2,547,615 Contract liability - sublease 21 1,650,481 1,784,638 Total Non-Current Liabilities 2,355,733 5,313,231 Total Liabilities 9,020,085 6,481,464 Net Assets 16,725,734 14,936,296 Equity Issued capital 12 20,603,915 15,023,117 Reserves 782,831 - Accumulated profit / (loss) (4,661,012) (86,821) Total Equity 16,725,734 14,936,296 As at 30 June 2021