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Leases

12 Months Ended

Jun. 30, 2024

Presentation of leases for lessee [abstract]

NOTE 19. LEASES

The consolidated balance sheet shows the following amounts relating to leases:


	Consolidated
	June 30, 2024		June 30, 2023
Right-of-use Assets	$		$
Buildings		616,578		385,369

		616,578		385,369


	Consolidated
	June 30, 2024		June 30, 2023
Lease Liabilities	$		$
Current		233,619		185,205
Non-current		399,409		207,617

Balance at June 30, 2024		633,028		392,822

The recognised ROU assets are comprised solely of property leases in Germany and France. Movements during the fiscal years June 30, 2024 and June 30, 2023 are as follows:


ROU asset	A$
Opening balance of ROU asset as at July 1, 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
Opening balance of ROU asset as at July 1, 2023		385,369
Lease addition and modification for the fiscal year ended June 30, 2024		491,901
Lease disposals for the financial year ended June 30, 2024		(8,145	)
Depreciation for the fiscal year ended June 30, 2024		(248,764	)
Foreign exchange differences		(3,783	)
Closing balance of ROU asset as at June 30, 2024		616,578

For the fiscal years June 30, 2024 and June 30, 2023, movement of lease liabilities and aging presentation are as follows:


	Consolidated
	June 30, 2024			June 30, 2023
Lease Liabilities Reconciliation	$			$
Opening Balance		392,822			280,869
Lease additions and modifications		482,717			311,986
Interest charged for the year		30,272			8,678
Disposals		(8,145	)		—
Principal paid for the year		(226,494	)		(211,974	)
Interest expense paid for the year		(30,328	)		(8,818	)
Foreign exchange adjustments		(7,816	)		12,081

Closing Balance		633,028			392,822

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 cash flows.


Lease Liabilities	Less than 1 year $		Between 1 and 2 years $		Between 2 and 5 years $		Over 5 years $		Total contractual cash flows $		Carrying amount $
2024		264,842		175,428		265,907		—		706,177		633,028
2023		194,688		212,952		—		—		407,640		392,822