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Fair value measurement (Tables)

12 Months Ended

Jun. 30, 2021

Summary of assets and liabilities, measured or disclosed at fair value

The following tables detail the consolidated entity’s assets and liabilities, measured or disclosed at fair value, using a three level hierarchy, based on the lowest level of input that is significant to the entire fair value measurement, being:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date

Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly

Level 3: Unobservable inputs for the asset or liability


Consolidated - 2021	Level 1 A$’000		Level 2 A$’000		Level 3 A$’000		Total A$’000

Liabilities
Contingent Consideration		—		—		1,015		1,015

Total liabilities		—		—		1,015		1,015


Consolidated - 2020

Liabilities
Contingent Consideration		—		—		1,845		1,845

Total liabilities		—		—		1,845		1,845

Summary of movements in level 3 assets and liabilities

Movements in level 3 assets and liabilities during the current and previous financial year are set out below:


	Level 3 A$’000			Available for sale A$’000		Total A$’000
Consolidate d
Balance at 1 July 2019		1,370					1,370
Losses recognised in profit or loss		475			—		475

Balance at 30 June 2020		1,845					1,845
Losses recognised in profit or loss		2,570					2,570
Payout of milestone		(3,400	)				(3,400	)

Balance at 30 June 2021		1,015			—		1,015