Share-based payments (Tables)

12 Months Ended

Jun. 30, 2018

Disclosure Of Sharebased Payment Arrangements [Abstract]

Reconciliation of Outstanding Share Based Payments

a. Reconciliation of outstanding share based payments

Series	Grant Date	Expiry Date	Exercise Price		Opening Balance		Granted No. (during the year)		Exercised No. (during the year)			Lapsed/Cancelled No. (during the year)			Closing Balance		Vested and exercisable No (end of year)
INC	7/12/2010	26/10/2018		USD 0.305		154,064		—		(127,956	)		—			26,108		26,108
INC	7/12/2010	26/10/2019		USD 0.340		447,848		—		(127,956	)		—			319,892		319,892
17/LF3	9/07/2012	8/07/2018		AUD 6.67		150,000		—		—			—			150,000		150,000
19/LF5	25/01/2013-29/01/2013	24/01/2018-28/01/2018		AUD 6.27		50,000		—		—			(50,000	)		—		—
20/LF6	24/05/2013	23/05/2018		AUD 6.34		425,000		—		—			(425,000	)		—		—
21/LF7	3/09/2013	30/06/2018		AUD 5.90		1,865,000		—		—			(1,865,000	)		—		—
22/LF8	4/09/2013	27/08/2018		AUD 6.26		225,000		—		—			—			225,000		225,000
25a (i&ii)	1/01/2014	31/12/2018		AUD 6.36		650,000		—		—			—			650,000		650,000
25b	12/12/2014	31/10/2019		AUD 4.49		50,000		—		—			—			50,000		50,000
27/LF12	5/09/2014	30/06/2019		AUD 4.69		2,070,000		—		—			(25,000	)		2,045,000		2,045,000
27(iv)	25/08/2014	24/08/2019		AUD 4.65		75,000		—		—			(75,000	)		—		—
28/LF13	9/10/2014	8/10/2019		AUD 4.52		85,000		—		—			(10,000	)		75,000		75,000
29	25/11/2014	24/11/2019		AUD 4.00		240,000		—		—			—			240,000		240,000
30a(1)	25/03/2015	30/06/2018		AUD 4.98		650,000		—		—			(650,000	)		—		—
30b(1)	25/03/2015	25/01/2018		AUD 4.98		235,000		—		—			(235,000	)		—		—
30c(1)	25/03/2015	20/01/2019		AUD 4.98		135,000		—		—			—			135,000		135,000
30d(1)	25/03/2015	25/01/2019		AUD 4.98		300,000		—		—			—			300,000		300,000
30e(1)	25/03/2015	25/01/2018		AUD 4.98		165,000		—		—			(165,000	)		—		—
30f(1)	25/03/2015	25/01/2019		AUD 4.98		200,000		—		—			—			200,000		200,000
30g(1)	25/03/2015	23/07/2019		AUD 4.69		300,000		—		—			(300,000	)		—		—
30h(1)	25/03/2015	30/06/2019		AUD 4.69		400,000		—		—			—			400,000		400,000
30i(1)	25/03/2015	30/06/2019		AUD 4.44		600,000		—		—			—			600,000		600,000
30j	25/03/2015	23/07/2019		AUD 4.69		150,000		—		—			(150,000	)		—		—
LF14	6/01/2015	16/12/2019		AUD 4.66		150,000		—		—			—			150,000		150,000
31b	12/05/2015	16/02/2020		AUD 4.28		200,000		—		—			—			200,000		200,000
32	10/07/2015	30/06/2022		AUD 4.20		2,620,000		—		—			(161,666	)		2,458,334		1,683,336
33	26/08/2015	16/08/2022		AUD 4.05		91,667		—		—			(16,667	)		75,000		50,000
34	27/04/2016	6/03/2023		AUD 2.80		3,621,667		—		—			(241,667	)		3,380,000		2,299,982
34a	27/04/2016	17/04/2023		AUD 2.74		200,000		—		—			—			200,000		133,334
34b	31/10/2016	6/03/2023		AUD 2.80		200,000		—		—			—			200,000		200,000
35	30/06/2016	18/01/2021		AUD 2.20		1,500,000		—		—			—			1,500,000		1,500,000
36	6/12/2016	5/12/2023		AUD 1.31		2,045,000		—		(33,333	)		(126,667	)		1,885,000		611,666
36a	6/12/2016	5/12/2023		AUD 1.19		4,400,000		—		—			—			4,400,000		1,495,002
36b	13/01/2017	12/01/2024		AUD 1.65		450,000		—		—			(150,000	)		300,000		300,000
37	28/06/2017	27/06/2024		AUD 2.23		—		300,000		—			—			300,000		100,000
38	16/09/2017	15/09/2024		AUD 1.54		—		100,000		—			—			100,000		—
38a	16/09/2017	15/09/2024		AUD 1.40		—		150,000		—			—			150,000		—
39	13/10/2017	12/10/2024		AUD 1.94		—		2,310,000		—			(95,000	)		2,215,000		—
39a	13/10/2017	12/10/2024		AUD 1.76		—		2,000,000		—			(100,000	)		1,900,000		200,000
40	24/11/2017	23/11/2024		AUD 1.41		—		750,000		—			—			750,000		—
40a	24/11/2017	23/11/2024		AUD 1.28		—		750,000		—			—			750,000		—
June 30, 2018						25,100,246		6,360,000		(289,245	)		(4,841,667	)		26,329,334		14,339,320
Weighted average share purchase price						AUD 3.35		AUD 1.74		AUD 0.52			AUD 4.97			AUD 2.68		AUD 3.39

(1) 30a to 30i were granted as a remuneration for the repurchase and cancellation of 2,985,000 LFSP during the year ended 30 June 2015 (see Note 17(b)).

Series	Grant Date	Expiry Date	Exercise Price		Opening Balance		Granted No. (during the year)		Exercised No. (during the year)			Lapsed/Cancelled No. (during the year)			Closing Balance		Vested and exercisable No (end of year)
INC	7/12/2010	26/10/2018		USD 0.305		154,064		—		—			—			154,064		154,064
INC	7/12/2010	26/10/2019		USD 0.340		447,848		—		—			—			447,848		447,848
INC	7/12/2010	25/04/2017		USD 0.444		127,956		—		(127,956	)		—			—		—
INC	7/12/2010	2/05/2017		USD 0.444		127,956		—		(127,956	)		—			—		—
16/LF2	24/02/2012	23/02/2017		AUD 8.48		340,000		—		—			(340,000	)		—		—
17/LF3	9/07/2012	8/07/2018		AUD 6.69		250,000		—		—			(100,000	)		150,000		150,000
18/LF4	21/09/2012-29/10/2012	30/06/2017		AUD 6.70		1,948,333		—		—			(1,948,333	)		—		—
19/LF5	25/01/2013-29/01/2013	24/01/2018-28/01/2018		AUD 6.29		100,000		—		—			(50,000	)		50,000		50,000
20/LF6	24/05/2013	23/05/2018		AUD 6.36		595,000		—		—			(170,000	)		425,000		425,000
21/LF7	3/09/2013	30/06/2018		AUD 5.92		2,430,000		—		—			(565,000	)		1,865,000		1,865,000
22/LF8	4/09/2013	27/08/2018		AUD 6.28		225,000		—		—			—			225,000		225,000
23a	26/11/2013	10/10/2018		AUD 6.20		33,333		—		—			(33,333	)		—		—
24	17/12/2013	16/12/2018		AUD 6.25		25,000		—		—			(25,000	)		—		—
25a (i&ii)	1/01/2014	31/12/2018		AUD 6.38		650,000		—		—			—			650,000		650,000
25b	12/12/2014	31/10/2019		AUD 4.51		50,000		—		—			—			50,000		33,334
25	1/07/2014	6/04/2019		AUD 5.80		10,000		—		—			(10,000	)		—		—
26/LF11	24/07/2014	23/07/2019		AUD 4.71		125,000		—		—			(125,000	)		—		—
27/LF12	5/09/2014	30/06/2019		AUD 4.71		2,865,000		—		—			(795,000	)		2,070,000		1,380,004
27(ii)	4/08/2014	3/08/2019		AUD 4.60		50,000		—		—			(50,000	)		—		—
27(iv)	25/08/2014	24/08/2019		AUD 4.67		75,000		—		—			—			75,000		50,000
28/LF13	9/10/2014	8/10/2019		AUD 4.54		235,000		—		—			(150,000	)		85,000		56,666
29	25/11/2014	24/11/2019		AUD 4.02		240,000		—		—			—			240,000		160,002
30a(1)	25/03/2015	30/06/2018		AUD 5.00		650,000		—		—			—			650,000		650,000
30b(1)	25/03/2015	25/01/2018		AUD 5.00		235,000		—		—			—			235,000		235,000
30c(1)	25/03/2015	20/01/2019		AUD 5.00		135,000		—		—			—			135,000		135,000
30d(1)	25/03/2015	25/01/2019		AUD 5.00		300,000		—		—			—			300,000		300,000
30e(1)	25/03/2015	25/01/2018		AUD 5.00		165,000		—		—			—			165,000		165,000
30f(1)	25/03/2015	25/01/2019		AUD 5.00		200,000		—		—			—			200,000		200,000
30g(1)	25/03/2015	23/07/2019		AUD 4.71		300,000		—		—			—			300,000		200,000
30h(1)	25/03/2015	30/06/2019		AUD 4.71		400,000		—		—			—			400,000		266,668
30i(1)	25/03/2015	30/06/2019		AUD 4.46		600,000		—		—			—			600,000		600,000
30j	25/03/2015	23/07/2019		AUD 4.71		150,000		—		—			—			150,000		100,000
LF14	6/01/2015	16/12/2019		AUD 4.66		150,000		—		—			—			150,000		100,000
31a	27/04/2015	16/02/2020		AUD 4.73		20,000		—		—			(20,000	)		—		—
31b	12/05/2015	16/02/2020		AUD 4.30		200,000		—		—			—			200,000		200,000
32	10/07/2015	30/06/2022		AUD 4.22		3,840,000		—		—			(1,220,000	)		2,620,000		873,334
33	26/08/2015	16/08/2022		AUD 4.07		125,000		—		—			(33,333	)		91,667		41,667
34	27/04/2016	6/03/2023		AUD 2.82		5,140,000		—		(16,667	)		(1,501,666	)		3,621,667		1,218,324
34a	27/04/2016	17/04/2023		AUD 2.76		200,000		—		—			—			200,000		66,667
34b	31/10/2016	6/03/2023		AUD 2.82		—		200,000		—			—			200,000		200,000
35	30/06/2016	18/01/2021		AUD 2.22		1,500,000		—		—			—			1,500,000		—
36	6/12/2016	5/12/2023		AUD 1.33		—		2,095,000		—			(50,000	)		2,045,000		—
36a	6/12/2016	5/12/2023		AUD 1.21		—		4,400,000		—			—			4,400,000		816,667
36b	13/01/2017	12/01/2024		AUD 1.67		—		450,000		—			—			450,000		150,000
June 30, 2017						25,414,490		7,145,000		(272,579	)		(7,186,665	)		25,100,246		12,165,245
Weighted average share purchase price						AUD 4.39		AUD 1.32		AUD 0.72			AUD 5.10			AUD 3.35		AUD 4.36

(1) 30a to 30i were granted as a remuneration for the repurchase and cancellation of 2,985,000 LFSP during the year ended 30 June 2015 (see Note 17(b)).

Series	Grant Date	Expiry Date	Exercise Price		Opening Balance		Granted No. (during the year)		Exercised No. (during the year)			Lapsed/Cancelled No. (during the year)			Closing Balance		Vested and exercisable No (end of year)
INC	7/12/2010	7/07/2015		USD 0.046		287,903		—		(287,903	)		—			—		—
INC	7/12/2010	26/10/2018		USD 0.305		154,064		—		—			—			154,064		154,064
INC	7/12/2010	26/10/2019		USD 0.340		447,848		—		—			—			447,848		447,848
INC	7/12/2010	25/04/2017		USD 0.444		127,956		—		—			—			127,956		127,956
INC	7/12/2010	2/05/2017		USD 0.444		127,956		—		—			—			127,956		127,956
13	22/09/2010	21/09/2015		AUD 2.64		135,000		—		(135,000	)		—			—		—
14	29/11/2010	29/11/2015		AUD 3.48		1,453,350		—		—			(1,453,350	)		—		—
15/LF1	22/12/2011	30/06/2016		AUD 7.99		3,413,334		—		—			(3,413,334	)		—		—
16/LF2	24/02/2012	23/02/2017		AUD 8.48		340,000		—		—			—			340,000		340,000
17/LF3	9/07/2012	8/07/2018		AUD 6.69		250,000		—		—			—			250,000		250,000
18/LF4	21/09/2012-29/10/2012	30/06/2017		AUD 6.70		2,276,667		—		—			(328,334	)		1,948,333		1,948,333
19/LF5	25/01/2013-29/01/2013	24/01/2018-28/01/2018		AUD 6.29		100,000		—		—			—			100,000		100,000
20/LF6	24/05/2013	23/05/2018		AUD 6.36		865,000		—		—			(270,000	)		595,000		595,000
21/LF7	3/09/2013	30/06/2018		AUD 5.92		2,741,667		—		—			(311,667	)		2,430,000		1,878,336
22/LF8	4/09/2013	27/08/2018		AUD 6.28		275,000		—		—			(50,000	)		225,000		150,002
23a	26/11/2013	10/10/2018		AUD 6.20		50,000		—		—			(16,667	)		33,333		33,333
24	17/12/2013	16/12/2018		AUD 6.25		148,333		—		—			(123,333	)		25,000		16,666
25a (i&ii)	1/01/2014	31/12/2018		AUD 6.38		650,000		—		—			—			650,000		650,000
25b	12/12/2014	31/10/2019		AUD 4.51		50,000		—		—			—			50,000		16,667
25	1/07/2014	6/04/2019		AUD 5.80		15,000		—		—			(5,000	)		10,000		10,000
26/LF11	24/07/2014	23/07/2019		AUD 4.71		215,000		—		—			(90,000	)		125,000		41,667
27/LF12	5/09/2014	30/06/2019		AUD 4.71		3,380,000		—		—			(515,000	)		2,865,000		961,670
27(ii)	4/08/2014	3/08/2019		AUD 4.60		50,000		—		—			—			50,000		16,667
27(iv)	25/08/2014	24/08/2019		AUD 4.67		75,000		—		—			—			75,000		25,000
28/LF13	9/10/2014	8/10/2019		AUD 4.54		235,000		—		—			—			235,000		78,333
29	25/11/2014	24/11/2019		AUD 4.02		240,000		—		—			—			240,000		80,001
30a(1)	25/03/2015	30/06/2018		AUD 5.00		650,000		—		—			—			650,000		650,000
30b(1)	25/03/2015	25/01/2018		AUD 5.00		235,000		—		—			—			235,000		235,000
30c(1)	25/03/2015	20/01/2019		AUD 5.00		135,000		—		—			—			135,000		135,000
30d(1)	25/03/2015	25/01/2019		AUD 5.00		300,000		—		—			—			300,000		200,000
30e(1)	25/03/2015	25/01/2018		AUD 5.00		165,000		—		—			—			165,000		165,000
30f(1)	25/03/2015	25/01/2019		AUD 5.00		200,000		—		—			—			200,000		200,000
30g(1)	25/03/2015	23/07/2019		AUD 4.71		300,000		—		—			—			300,000		100,000
30h(1)	25/03/2015	30/06/2019		AUD 4.71		400,000		—		—			—			400,000		133,334
30i(1)	25/03/2015	30/06/2019		AUD 4.46		600,000		—		—			—			600,000		400,000
30j	25/03/2015	23/07/2019		AUD 4.71		150,000		—		—			—			150,000		50,000
LF14	6/01/2015	16/12/2019		AUD 4.66		150,000		—		—			—			150,000		50,000
31	16/03/2015	16/02/2020		AUD 4.73		60,000		—		—			(60,000	)		—		—
31a	27/04/2015	16/02/2020		AUD 4.73		20,000		—		—			—			20,000		6,667
31b	12/05/2015	16/02/2020		AUD 4.30		400,000		—		—			(200,000	)		200,000		200,000
32	10/07/2015	30/06/2022		AUD 4.22		—		4,800,000		—			(960,000	)		3,840,000		—
33	26/08/2015	16/08/2022		AUD 4.07		—		125,000		—			—			125,000		—
34	27/04/2016	6/03/2023		AUD 2.82		—		5,255,000		—			(115,000	)		5,140,000		—
34a	27/04/2016	17/04/2023		AUD 2.76		—		200,000		—			—			200,000		—
35	30/06/2016	18/01/2021		AUD 2.22		—		1,500,000		—			—			1,500,000		—
June 30, 2016						21,869,078		11,880,000		(422,903	)		(7,911,685	)		25,414,490		10,574,500
Weighted average share purchase price						AUD 5.49		AUD 3.32		AUD 0.88			AUD 5.93			AUD 4.39		AUD 5.38

(1) 30a to 30i were granted as a remuneration for the repurchase and cancellation of 2,985,000 LFSP during the year ended 30 June 2015 (see Note 17(b)).

Summary of Valuations of Options Approved and Granted

The model inputs for the valuations of options approved and granted during the year ended June 30, 2018 are as follows:

Series	Financial year of grant	Exercise/Loan price per share AUD		Share price at acceptance date AUD		Expected share price volatility	Life(1)	Dividend yield	Risk-free interest rate
37	2018		2.23		2.02	52.21%	5.8 yrs	0%	2.22%
38	2018		1.54		1.37	52.04%	5.8 yrs	0%	2.41%
38a	2018		1.40		1.37	52.56%	5.8 yrs	0%	2.27%
39	2018		1.94		1.34	52.49%	5.9 yrs	0%	2.16%
39a	2018		1.76		1.34	52.49%	5.9 yrs	0%	2.16%
40	2018		1.41		1.32	52.35%	5.8 yrs	0%	2.43%
40a	2018		1.28		1.32	52.35%	5.8 yrs	0%	2.43%

(1) Expected life after factoring likely early exercise.

The model inputs for the valuations of options approved and granted during the year ended June 30, 2017 are as follows:

Series	Financial year of grant	Exercise/Loan price per share AUD		Share price at acceptance date AUD		Expected share price volatility	Life(1)	Dividend yield	Risk-free interest rate
34b	2017		2.82		1.24	51.13%	4.6 yrs	0%	2.16%
36	2017		1.33		2.32	51.63%	5.5 yrs	0%	2.15%
36a	2017		1.21		2.32	51.63%	5.5 yrs	0%	2.15%
36b	2017		1.67		2.32	51.63%	5.6 yrs	0%	2.15%

(1) Expected life after factoring likely early exercise.

The model inputs for the valuations of options approved and granted during the year ended June 30, 2016 are as follows:

Series	Financial year of grant	Exercise/Loan price per share AUD		Share price at acceptance date AUD		Expected share price volatility	Life(1)	Dividend yield	Risk-free interest rate
32	2016		4.22		3.87	40.38%	5.2 yrs	0%	2.22%
33	2016		4.07		3.19	40.38%	5.1 yrs	0%	2.00%
34	2016		2.82		2.41	53.33%	5.0 yrs	0%	2.13%
34a	2016		2.76		2.41	53.33%	5.1 yrs	0%	2.13%
35	2016		2.22		1.05	53.33%	3.0 yrs	0%	1.65%

(1) Expected life after factoring likely early exercise.