Consolidated Statement of Financial Position As at 30 June 2023 ANNUAL Report June 2023 Consolidated Statement of Financial Position 22 Consolidated Statement of Financial Position For the Year ended 30 June 2023 Note 2023 $ 2022 $ Current Assets Cash assets 21(b) 5,335,596 1,723,426 Trade and other receivables 7 3,933,612 2,323,599 Prepayments 7 634,064 632,292 Inventory 4 877,740 876,438 Financial assets 5 815,649 - Total current assets 11,596,661 5,555,755 Non-Current Assets Receivables 8 4,487,440 1,081,292 Plant and equipment 9 14,014,956 7,015,995 Inventory 4 8,213,656 6,812,875 Deferred exploration and evaluation 10, 19 14,273,131 10,803,974 Financial assets 5 2,560,468 5,543 Total Non-Current Assets 43,549,651 25,719,679 Total Assets 55,146,312 31,275,434 Current Liabilities Trade and other payables 11, 27 11,309,854 5,026,531 Employee benefits 29 439,919 282,397 Lease liability 25, 27 910,822 665,754 Convertible notes 13 3,494,215 - Financial liabilities 24 1,369,196 - Contract liability – offtake 22 4,901,961 3,266,190 Contract liability - sublease 22 1,768,851 405,851 Total Current Liabilities 24,194,818 9,646,723 Non-Current Liabilities Employee benefits 29 31,868 15,418 Lease liability 25, 27 1,176,523 1,335,829 Convertible notes 13 - 3,004,651 Financial liabilities 24 11,787,921 - Contract liability - sublease 22 - 1,432,259 Other borrowings 23 1,650,618 1,523,336 Total Non-Current Liabilities 14,646,930 7,311,493 Total Liabilities 38,841,748 16,958,216 Net Assets 16,304,564 14,317,218 Equity Issued capital 12 27,222,060 22,192,705 Reserves 3,523,413 2,848,576 Accumulated profit / (loss) (14,440,909) (10,724,063) Total Equity 16,304,564 14,317,218 64 EQ Resources Limited Annual Report 2023
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