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Equity - Reserves

12 Months Ended

Dec. 31, 2022

Note 21. Equity - reserves

	Consolidated									Consolidated
	2022			2021			2020			2022
	AUD$			AUD$			AUD$			$
Foreign currency reserve		(697,705	)		237,437			198,160			(473,984	)
Re-measurements of defined benefit plans reserve		(142,432	)		(508,949	)		(474,752	)		(96,761	)

		(840,137	)		(271,512	)		(276,592	)		(570,745	)

Foreign currency reserve

The reserve is used to recognise exchange differences arising from the translation of the financial statements of foreign operations to Australian dollars.

Re-measurements of defined benefit plans reserves

The reserve is used for remeasurements comprising actuarial gains and losses on the net defined benefit liability.

Movements in reserves

Movements in each class of reserve during the current and previous financial year are set out below:

	Re-measurement of defined benefit plans			Foreign currency
	reserve			reserve			Total			Total
Consolidated	AUD$			AUD$			AUD$			$

Balance at 1 January 2020		(481,202	)		22,324			(458,878	)
Re-measurement of defined benefit plans		6,450						6,450
Re-allocation between accumulated losses and foreign currency reserve		-			175,836			175,836


Balance at 31 December 2020		(474,752	)		198,160			(276,592	)
Re-measurement of defined benefit plans		(34,197	)					(34,197	)
Re-allocation between accumulated losses and foreign currency reserve		-			39,277			39,277

Balance at 31 December 2021		(508,949	)		237,437			(271,512	)
Re-measurement of defined benefit plans		366,517						366,517			248,993
Re-allocation between accumulated losses and foreign currency reserve		-			(935,142	)		(935,142	)		(635,287	)

Balance at 31 December 2022		(142,432	)		(697,705	)		(840,137	)		(570,745	)