RIGHT-OF-USE ASSET / (LEASE LIABILITIES)

12 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

RIGHT-OF-USE ASSET / (LEASE LIABILITIES)

21. RIGHT-OF-USE ASSET / (LEASE LIABILITIES)

(a) Amounts recognized in the statement of financial position

The statement of financial position shows the following amounts relating to leases:

	2024			2023
	A$			A$
Right-of-use assets
Right-of-use assets		211,796			509,553
Lease Liabilities
Lease liabilities - Current		(208,719	)		(303,570	)
Lease liabilities - Non-Current		(22,924	)		(229,276	)
Total		(231,643	)		(532,846	)

(b) Amounts recognized in the statement of profit or loss

The statement of profit or loss under general and administrative expenses includes the following amounts relating to leases:

	2024		2023
	A$		A$
Depreciation charge of right-of-use assets
Depreciation Expense (for Leased Assets)		297,780		296,174
Interest expense (included in finance costs)		17,639		29,515
Low value leases		32,094		32,094

During the financial year ended June 30, 2024, the total cash outflow was A$348,906 (2023: A$336,396).