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Leases (Tables)

12 Months Ended

Jun. 30, 2023

Presentation of leases for lessee [abstract]

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

Summary of Aging of Lease Liabilities


	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

Summary of Recognised ROU Assets

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

Summary of Movement of Lease Liabilities

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

Summary of Maturity Analysis 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