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Earnings per Share

12 Months Ended

Dec. 31, 2022

Disclosure of Earnings Per Share Text Block [Abstract]

Note 31. Earnings per share

	Consolidated
	2022			2021			2020			2022
	AUD$			AUD$			AUD$			$

Loss after income tax attributable to the owners of Mobilicom Limited		(341,469	)		(2,704,845	)		(2,781,899	)		(231,976	)

	Number		Number		Number		Number

Weighted average number of ordinary shares used in calculating basic earnings per share		664,158,704		297,914,797		257,936,715		664,158,704

Weighted average number of ordinary shares used in calculating diluted earnings per share		664,158,704		297,914,797		257,936,715		664,158,704

	AUD$ Cents			AUD$ Cents			AUD$ Cents			$ Cents

Basic earnings per share		(0.05	)		(0.91	)		(1.08	)		(0.03	)
Diluted earnings per share		(0.05	)		(0.91	)		(1.08	)		(0.03	)

The rights to options held by option holders have not been included in the weighted average number of ordinary shares for the purposes of calculating diluted EPS as they do not meet the requirements for inclusion in IASB 133 “Earnings per Share”. The rights to options are non-dilutive as the company is loss generating.

Accounting policy for earnings per share

Basic earnings per share

Basic earnings per share is calculated by dividing the profit attributable to the owners of Mobilicom Limited, excluding any costs of servicing equity other than ordinary shares, by the weighted average number of ordinary shares outstanding during the financial year, adjusted for bonus elements in ordinary shares issued during the financial year.

Diluted earnings per share

Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account the after-income tax effect of interest and other financing costs associated with dilutive potential ordinary shares and the weighted average number of shares assumed to have been issued for no consideration in relation to dilutive potential ordinary shares.