Loss for the year

12 Months Ended

Jun. 30, 2022

Note 5 Loss for the year

Loss before income tax includes the following specific expenses:


	Year Ended June 30,
	2022		2021		2020
Share-based payments expense^
Performance rights granted	$	15,299,627	$	2,952,676	$	78,362
Share rights granted	3,615,341			—		6,291,510
Options granted		1,275,570		2,995,856		1,189,081
Total share-based compensation expense	$	20,190,538	$	5,948,532	$	7,558,953
^ Refer to note 28 for further information regarding share-based payments.
Borrowing costs
Interest accrued on loan notes		—		—		3,062,598
Loss on redemption of loan notes		—		—		1,765,353
Unwinding of fair value gain		55,728		40,547		48,377
Interest accrued on borrowings		2,031,135		188,847		454,633
Total borrowing costs	$	2,086,863	$	229,394	$	5,330,961
Impairment losses
Fixed assets written off1		—		2,764,940		—
Total impairment losses	$	—	$	2,764,940	$	—

1Impairments recognized during the prior period relate to the redundant furnace technology which has been replaced with new proprietary furnace technology under the Group’s strategic alliance with US-based Harper International Corporation. This amount represents the net book value of fixed assets written off.


	Year ended June 30,
Administrative and other expenses	2022		2021		2020
Insurance	$	5,300,985	$	383,941	$	234,544
Legal fees		1,967,564		263,532		558,745
Occupancy expenses		2,385,890		23,038		79,948
Consulting fees		2,280,680		683,856		259,992
Other		4,800,904		2,591,462		1,606,169
Total administrative and other expenses	$	16,736,023	$	3,945,829	$	2,739,398