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v3.23.3

Leases | 12 Months Ended
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Jun. 30, 2023
Presentation of leases for lessee [abstract] |
Leases | NOTE 19. LEASES The consolidated balance sheet shows the following amounts relating to leases:
|  | Consolidated |  |  | Consolidated |
|  | June 30, 2023 |  |  | June 30, 2022 |
Right-of-use Assets |  | $ |  |  | $ |
Buildings |  |  | 385,369 |  |  |  | 270,147 |
|  |  | 385,369 |  |  |  | 270,147 |
|  | Consolidated |  |  | Consolidated |
|  | June 30, 2023 |  |  | June 30, 2022 |
Lease Liabilities |  | $ |  |  | $ |
Current |  |  | 185,205 |  |  |  | 173,377 |
Non-current |  |  | 207,617 |  |  |  | 107,492 |
Balance at June 30, 2023 |  |  | 392,822 |  |  |  | 280,869 |
The recognised ROU assets are comprised solely of property leases in Germany and France. Movements during the fiscal years June 30, 2023 and June 30, 2022 are as follows:
ROU asset |  | A$ |
Initial value of ROU asset recognised as at July 1, 2019 |  |  | 336,090 |
Less: lease incentives |  |  | (12,215 | )
Net ROU asset recognised under AASB 16 (IFRS 16) as at July 1, 2019 |  |  | 323,875 |
Depreciation for the fiscal year ended June 30, 2020 |  |  | (126,712 | )
Foreign exchange differences |  |  | 4,052 |
Closing balance of ROU asset as at June 30, 2020 |  |  | 201,215 |
Closing balance of ROU asset as at July 1, 2020 |  |  | 201,215 |
Lease addition and modification for the fiscal year ended June 30, 2021 |  |  | 254,461 |
Depreciation for the fiscal year ended June 30, 2021 |  |  | (181,374 | )
Foreign exchange differences |  |  | (5,489 | )
Closing balance of ROU asset as at June 30, 2021 |  |  | 268,813 |
Opening balance of ROU asset as at July 1, 2021 |  |  | 268,813 |
Lease addition and modification for the fiscal year ended June 30, 2022 |  |  | 306,667 |
Lease disposals for the financial year ended June 30, 2022 |  |  | (74,782 | )
Depreciation for the fiscal year ended June 30, 2022 |  |  | (224,406 | )
Foreign exchange differences |  |  | (6,145 | )
Closing balance of ROU asset as at June 30, 2022 |  |  | 270,147 |
Lease addition and modification for the fiscal year ended June 30, 2023 |  |  | 311,986 |
Lease disposals for the financial year ended June 30, 2023 |  |  | — |
Depreciation for the fiscal year ended June 30, 2023 |  |  | (202,605 | )
Foreign exchange differences |  |  | 5,841 |
Closing balance of ROU asset as at June 30, 2023 |  |  | 385,369 |
For the fiscal years June 30, 2023 and June 30, 2022, movement of lease liabilities and aging presentation are as follows:
|  | Consolidated |  |  | Consolidated |
|  | June 30, 2023 |  |  | June 30, 2022 |
Lease Liabilities Reconciliation |  | $ |  |  | $ |
Opening Balance |  |  | 280,869 |  |  |  | 288,307 |
Lease additions and modifications |  |  | 311,986 |  |  |  | 292,126 |
Interest charged for the year |  |  | 8,678 |  |  |  | 10,462 |
Disposals |  |  | — |  |  |  | (76,123 | )
Principal paid for the year |  |  | (211,974 | ) |  |  | (222,536 | )
Interest expense paid for the year |  |  | (8,818 | ) |  |  | (9,712 | )
Foreign exchange adjustments |  |  | 12,081 |  |  |  | (1,655 | )
Closing Balance |  |  | 392,822 |  |  |  | 280,869 |
Maturities of Lease Liabilities The table below shows the Group’s lease liabilities in relevant maturity groupings based on their contractual maturities. The amounts disclosed in the table are the contractual undiscounted cashflows.
Lease Liabilities |  | Less than 1 year $ |  |  | Between 1 and 2 years $ |  |  | Between 2 and 5 years $ |  |  | Over 5 years $ |  |  | Total contractual cashflows |  |  | Carrying amount $ |
2023 |  |  | 194,688 |  |  |  | 212,952 |  |  |  | — |  |  |  | — |  |  |  | 407,640 |  |  |  | 392,822 |
2022 |  |  | 178,510 |  |  |  | 108,706 |  |  |  | — |  |  |  | — |  |  |  | 287,216 |  |  |  | 280,869 |

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