Consolidated Statement of Financial Position As at 30 June 2022 ANNUAL Report June 2022 Consolidated Statement of Financial Position 20 Consolidated Statement of Financial Position For the Year ended 30 June 2022 Note 2022 $ 2021 $ Current Assets Cash assets 21(b) 1,723,426 3,504,721 Trade and other receivables 7 2,323,599 1,927,630 Prepayments 7 632,292 324,619 Inventory 4 876,438 673,024 Total current assets 5,555,755 6,429,994 Non-Current Assets Receivables 8 1,081,292 1,082,071 Plant and equipment 9 7,015,995 2,807,615 Inventory 4 6,812,875 7,142,176 Deferred exploration and evaluation 10, 19 10,803,974 8,280,353 Financial assets 5 5,543 3,610 Total Non-Current Assets 25,719,679 19,315,825 Total Assets 31,275,434 25,745,819 Current Liabilities Trade and other payables 11, 26 5,026,531 3,647,525 Employee benefits 28 282,397 182,840 Lease liability 24, 26 665,754 268,167 Contract liability – offtake 22 3,266,190 2,323,423 Contract liability - sublease 22 405,851 242,397 Total Current Liabilities 9,646,723 6,664,352 Non-Current Liabilities Employee benefits 28 15,418 24,112 Lease liability 24, 26 1,335,829 681,140 Convertible notes 13 3,004,651 - Contract liability - sublease 22 1,432,259 1,650,481 Other borrowings 23 1,523,336 - Total Non-Current Liabilities 7,311,493 2,355,733 Total Liabilities 16,958,216 9,020,085 Net Assets 14,317,218 16,725,734 Equity Issued capital 12 22,192,705 20,603,915 Reserves 2,848,576 782,831 Accumulated profit / (loss) (10,724,063) (4,661,012) Total Equity 14,317,218 16,725,734 EQ Resources Limited Annual Report 2022 51
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