Consolidated Statement of Profit or Loss and Other Comprehensive Income For the year ended 30 June 2023 ANNUAL Report June 2023 Consolidated Statement of Profit or Loss and Other Comprehensive Income 21 Consolidated Statement of Profit or Loss and Other Comprehensive Income For the Year ended 30 June 2023 Note 2023 $ 2022 $ Revenue 2 5,138,414 4,072,177 Other income 2 7,981,238 2,159,086 Total revenue & other income 13,119,652 6,231,263 Administration expenses (1,077,473) (783,403) Consultant expenses (450,804) (121,490) Depreciation 9 (1,292,283) (866,847) Amortisation – deferred exploration & evaluation 10 (131,796) (72,745) Development and testwork costs (710,998) (462,779) Exploration expenses written-off (3,187) (3,868) ESG initiatives (45,540) - Finance costs (1,491,341) (643,185) Foreign exchange gains (losses) (221,964) (397,138) Occupancy expenses (276,104) (135,303) Gain / (Loss) on disposal of fixed assets (87,946) (36,421) Production expenses (4,547,603) (3,950,231) Salaries and employee benefits expense (5,248,052) (4,047,291) Share based payments 28 (674,837) (411,648) Superannuation (406,687) (287,224) Travel and accommodation (169,496) (76,674) Total expenses (16,836,111) (12,296,247) Profit (Loss) before income tax expense (3,716,459) (6,064,984) Income tax expense 3 - - Profit (Loss) after income tax expense (3,716,459) (6,064,984) Other comprehensive income/(loss) Gain/(loss) on revaluation of financial assets (387) 1,933 Total Comprehensive Profit / (Loss) Attributable to Owners of EQ Resources Limited (3,716,846) (6,063,051) Cents Cents Basic profit (loss) per share 14 (0.26) (0.45) Diluted profit (loss) per share 14 (0.24) (0.42) EQ Resources Limited Annual Report 2023 63
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