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NOTE 24. BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2021

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	2021		2020		2019
	A$		A$		A$

Total disposal consideration	538		25,129		-

Carrying amount of net asset sold (note(i) below)	270,908		(230,294)		-
Gain on sales before income tax and reclassification of foreign currency translation reserve	(270,370)		255,423		-
Reclassification of foreign currency transaction reserve	645,399		(26,871)		-
Non-controlling interest	1,623,240		(257,542)		-
Gain/ (loss) on disposal after income tax	1,998,269		(28,990)		-

(i) Net assets disposed of:

	2021		2020		2019
	A$		A$		A$

Plant and equipment	164,829		284,240		-
Development projects	-		2,864,052		-
Intangible assets	-		4,790,784		-
Right of use assets	-		865,996		-
Cash and bank balances	32,927		99,061		-
Inventories	208,737		400,806		-
Trade and others receivable	689,336		603,923		-
Other deposit and prepayment	779,821		1,664,343		-
Trade and other liabilities	(1,560,899)		(912,580)		-
Amount due to a related company	(4,951)		(6,689,290)		-
Bank overdraft	-		(929,438)		-
Bank loan	-		(966,747)		-
Lease liabilities	-		(925,042)		-
Income tax payables	-		-		-
Deferred tax liabilities	(38,892)		(1,380,402)		-
Obligation under finance lease	-		(33,329)		-
	270,908		(230,294)		-

(ii) Net cash flows from disposal of subsidiaries

	2021		2020		2019
	A$		A$		A$

Consideration received, satisfied in cash	-		25,129		-
Cash and cash equivalents of subsidiaries disposed of (included cash at bank and bank overdraft)	32,927		830,377		-
	32,927		855,506		-