2024

($)

2023

($)

2022

($)

Income tax expense consists of the following:

Deferred tax expense

-

Current tax expense

-

Total Income tax expense

-

Effective tax rate reconciliation:

Loss before income tax expense

(14,408,346

)

(20,597,436

)

(11,197,450

)

Prima facie income tax benefit on loss before income tax calculated at 25% (2022: 25%)

3,602,086

5,149,359

2,799,363

Add tax effect of

- other non-allowable items

(831,249

)

(3,297,349

)

143,430

Less tax effect of

- items not assessable for income tax

(2,590,831

)

(1,435,790

)

(1,377,243

)

- items deductible for taxation not accounting

251,784

772,848

114,471

Deferred tax not recognised

(431,790

)

(1,189,068

)

(1,680,021

)

Income tax expense

-