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Leases | 12 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
LEASES | 13. LEASES
(i) | Amounts recognised in the statement of financial position
The statement of financial position shows the following amounts relating to leases:
|  | Years Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Right-of-use assets |  |  |  |  |  |  |  |  |  |  |  |
Right-of-use assets |  |  | 151,326 |  |  |  | 154,729 |  |  |  | 207,087 |
Lease liabilities |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 66,912 |  |  |  | 107,131 |  |  |  | 107,177 |
Non-current |  |  | 88,545 |  |  |  | 51,914 |  |  |  | 103,207 |
|  |  | 155,457 |  |  |  | 159,045 |  |  |  | 210,384 |
Additions to the right-of-use assets during the current financial year were $106,834 (2024:$59,031, 2023:$152,817).
(ii) | Amounts recognised in the statement of profit or loss |
The statement of profit or loss shows the following amounts relating to leases:
|  | Years Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Depreciation of right-of-use assets |  |  | 111,408 |  |  |  | 112,185 |  |  |  | 64,409 |
Interest expense |  |  | 6,188 |  |  |  | 7,217 |  |  |  | 4,565 |
Expenses relating to short-term leases (included in general and administration expenses) |  |  | - |  |  |  | (9,674 | ) |  |  | 68,634 |
Expenses relating to variable lease payments not included in lease liabilities (included in general and administration expenses) |  |  | - |  |  |  | - |  |  |  | - |
The total cash outflow for leases in 2025 was $127,097 (2024: $7,913, 2023: $133,121).
| (iii) | The Group’s leasing activities and how these are accounted for
Leases are recognised as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for use by the Group. Each lease payment is allocated between the liability and finance cost. The finance cost is charged to profit or loss over the lease year so as to produce a constant periodic rate of interest on the remaining balance of the liability for each year. The right-of-use asset is depreciated over the shorter of the asset’s useful life and the lease term on a straight-line basis. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments:
| ● | fixed payments (including in-substance fixed payments), less any lease incentives receivable
| ● | variable lease payments that are based on an index or a rate
| ● | amounts expected to be payable by the lessee under residual value guarantees
| ● | the exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and
| ● | payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option.
The lease payments are discounted using the interest rate implicit in the lease, if that rate can be determined, or the Group’s incremental borrowing rate applied at the commencement date. Right-of-use assets are measured at cost comprising the following:
| ● | the amount of the initial measurement of lease liability
| ● | any lease payments made at or before the commencement date, less any lease incentives received
| ● | any initial direct costs, and
| ● | restoration costs.
Payments associated with short-term leases and leases of low-value assets are recognised on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less.

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- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2024-01-01 -Section Presentation -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2024-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2024-03-27 + Details
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- References No definition available. + Details
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