Notes to the Consolidated Financial Statements continued ANNUAL Report June 2022 Notes to the Consolidated Financial Statements 49 Contractual Commitments As at 30 June 2022 and 30 June 2021 the Company had no contractual commitments. Guarantees Entered into by Parent Entity As at 30 June 2022, the Company has not provided any financial guarantees. 31. OPERATING SEGMENTS Segment Information Identification of Reportable Segments During the 2022 financial year, the Company operated principally in one business segment being mineral exploration and in two geographical segments being Queensland and New South Wales, Australia. The Company’s revenues and assets and liabilities according to geographical segments are shown below. June 2022 June 2021 Total $ Queensland $ NSW $ Total $ Australia $ NSW $ REVENUE Revenue & Other Income 6,231,263 6,231,263 - 5,418,700 5,418,700 - Total segment revenue 6,231,263 6,231,263 - 5,418,700 5,418,700 - RESULTS Profit / (loss) before income tax (6,063,051) (6,063,051) - (4,574,191) (4,574,191) - Income tax - - - - - - Profit/ (loss) after income tax (6,063,051) (6,063,051) - (4,574,191) (4,574,191) - ASSETS AND LIABILITIES Assets 31,275,434 30,914,939 360,495 25,745,819 25,568,239 177,580 Liabilities (16,958,216) (16,958,216) - 9,020,085 9,020,085 - 32. RELATED PARTY DISCLOSURES (a) The Company’s main related parties are as follows: Key management personnel: Any person(s) having authority and responsibility for planning, directing and controlling the activities of the Company, directly or indirectly, including any director (whether executive or otherwise), are considered key management personnel. 80 EQ Resources Limited Annual Report 2022
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