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Trade and Other Receivables
 12 Months Ended
Jun. 30, 2025
Notes and other explanatory information [abstract]  
Trade and Other Receivables

5 Trade and Other Receivables

 

   2025   2024   2023 
   AUD$   AUD$   AUD$ 
             
CURRENT               
Trade receivables-Related parties (refer note 25(c))   44,387    -    1,226,945 
Trade receivables, net (1)   5,285,794    4,470,101    3,210,308 
Total current trade and other receivables   5,330,181    4,470,101    4,437,253 

 

  (1) Trade receivables are presented net of an allowance of AUD$169,148, AUD$138,000, and AUD$380,604 at June 30, 2025, 2024, and 2023, respectively.

 

 

The carrying value of trade receivables is considered a reasonable approximation of fair value due to the short-term nature of the balances.

 

The maximum exposure to credit risk at the reporting date is the fair value of each class of receivable in the consolidated financial statements.

 

The table below presents the expected credit losses on trade receivables for the year ended June 30, 2025:

 

   Current sales   30 days   60 days   90 days   Total 
Balance as at reporting date (AUD)  $4,145,657   $763,313   $263,838   $282,133   $5,454,943 
Expected loss rate   1.94%   5.5%   8.25%   8.16%   - 
ECL allowance (AUD)  $82,377   $41,982   $21,767   $23,022   $169,148