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Business combinations (Tables) | 12 Months Ended
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Jun. 30, 2018
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Summary of details of acquisition | Details of the acquisition are as follows:
|  | Fair value A$’000 |
Intellectual property |  |  | 16,408 |
Deferred tax liability |  |  | (4,512 | )
Net assets acquired |  |  | 11,896 |
Goodwill |  |  | — |
Acquisition-date fair value of the total consideration transferred |  |  | 11,896 |
Representing: |  |  |  |
Cash paid or payable to vendor |  |  | 7,097 |
Kazia Therapeutics Limited shares issued to vendor |  |  | 1,544 |
Contingent consideration |  |  | 3,255 |
|  | 11,896 |
|  | Consolidated 2017 A$’000 |
Cash used to acquire business, net of cash acquired: |  |  |  |
Acquisition-date fair value of the total consideration transferred |  |  | 16,408 |
Less: contingent consideration |  |  | (3,255 | )
Less: shares issued by company as part of consideration |  |  | (1,544 | )
Less: Deferred Tax Liability |  |  | (4,512 | )
Net cash used |  |  | 7,097 |
Summary of range of outcomes of contingent consideration | The range of outcomes of contingent consideration are summarised below.
Milestone |  | Contingent consideration-High |  | Contingent consideration-Low
|  | A$’000 |  | A$’000
Milestone 1 |  | 1,250 |  | 1,250
Milestone 2 |  | 1,250 |  | 1,250
Milestone 3 |  | 3,705 |  | 3,000
Milestone 4 |  | 4,199 |  | 3,400
Milestone 5 |  | 1,394 |  | 1,394
Total |  | 11,798 |  | 10,294

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- Definition The disclosure of contingent liabilities in a business combination. [Refer: Contingent liabilities [member]; Business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2017-01-01 -Paragraph B64 -Subparagraph j -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=3&date=2017-03-01&anchor=para_B64_j&doctype=Appendix&seq=2 -URIDate 2017-03-09 + Details
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- Definition The disclosure of detailed information about business combinations. [Refer: Business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2017-01-01 -Section Disclosures application of paragraphs 59 and 61 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=3&date=2017-03-01&anchor=F4301424&doctype=Appendix&seq=2 -URIDate 2017-03-09 + Details
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