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NOTE 7. LOSS BEFORE INCOME TAX
 12 Months Ended
Dec. 31, 2021
NOTE 7. LOSS BEFORE INCOME TAX

NOTE 7. LOSS BEFORE INCOME TAX

 

             
    Consolidated
    December 31,
2021
A$		   December 31,
2020
A$		   December 31,
2019
A$
Employee benefit expenses:            
- Wages and salaries   851,073   1,482,072   3,352,495
- Defined contribution superannuation plan expenses   32,106   83,441   255,708
- Less: Labor cost allocated to development projects   -   (133,702)   (289,126)
    883,179   1,431,811   3,319,077
- Executive directors' remuneration   574,371   722,157   683,944
- Non-executive directors' remuneration   156,372   58,675   31,357
    730,743   780,832   715,301
Total employee benefit expenses   1,613,922   2,212,643   4,034,378
             
Depreciation and amortization of non-current assets:            
- Leasehold improvements   18,978   10,385   44,698
- Office furniture and equipment   118,143   179,140   504,447
- Motor vehicles   -   -   18,757
- Machinery   1,049,125   172,982   -
- Right of use assets   140,565   299,981   488,520
- Intangible assets   -   1,416,274   2,118,362
Total depreciation and amortization   1,326,811   2,078,762   3,174,784
             
Other Expenses:            
Allowances for bad debts   14,390   58,932   11,052
Rental expense on operating lease   116,406   126,382   637,321
Reversal/(Provision) of allowance for inventory obsolescence   (9,439)   (17,671)   799,871

 

Audit and review of financial statements:

            
-    statutory audit of the Group in Australia   -   25,000   55,157
-    statutory audit of the Group in USA   185,272   76,780   435,899
-    auditors of the subsidiaries in Hong Kong and China   10,922   -   14,246
-    review for other reporting purposes   87,130   18,822   -
Total audit and review fees   283,324   120,602   505,302