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Financial Risk Management (Tables)
12 Months Ended
Jun. 30, 2022
Disclosure Of Financial Instruments [Abstract]  
Summary of Financial Instruments

The totals for each category of financial instruments, measured in accordance with IAS 39: Financial Instruments: Recognition and Measurement, as detailed in the accounting policies to these consolidated financial statements, are as follows:

 

 

 

 

June 30

 

 

 

 

 

2022

 

 

2021

 

 

 

Notes

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

10

 

$

207,083,935

 

 

$

136,663,976

 

Trade and other receivables

 

11

 

 

3,558,016

 

 

 

2,042,963

 

Financial assets at fair value through profit or loss

 

16

 

 

24,179,998

 

 

 

 

Total financial assets

 

 

 

 

234,821,949

 

 

 

138,706,939

 

Financial liabilities

 

 

 

 

 

 

 

 

Trade payables

 

19

 

 

3,847,509

 

 

 

1,823,898

 

Lease liabilities

 

21

 

 

7,755,532

 

 

 

7,531,188

 

Borrowings

 

22

 

 

53,626,542

 

 

 

6,263,625

 

Total financial liabilities

 

 

 

$

65,229,583

 

 

$

15,618,711

 

Schedule of Exposure to Foreign Currency Risk at the end of Reporting Period

The group’s exposure to foreign currency risk at the end of the reporting period, expressed in Australian dollars, was as follows:

 

 

 

2022
CAD

 

 

2021
CAD

 

 

2022
USD

 

 

2021
USD

 

Cash at bank

 

$

-

 

 

$

-

 

 

$

128,936,395

 

 

$

69,950,408

 

Trade receivables

 

 

 

 

 

 

 

 

2,587,528

 

 

 

1,305,421

 

Trade payables

 

 

 

 

 

 

 

 

804,376

 

 

 

460,536

 

Borrowings

 

$

13,376

 

 

$

1,919

 

 

$

-

 

 

$

-

 

Summary of Contractual Maturities of Non-derivative Financial Liabilities

As of June 30, 2022, the contractual maturities of the group’s non-derivative financial liabilities were as follows:

 

Contractual
maturities of
financial
liabilities

 

Less than
6 months

 

 

6 - 12
months

 

 

Between
1 and 2
years

 

 

Between
2 and 5
years

 

 

Over 5
years

 

 

Total
contractual
cash flows

 

 

Carrying
amount

 

At June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade payables

 

$

9,479,659

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

9,479,659

 

 

$

9,479,659

 

Lease liabilities

 

 

403,904

 

 

 

403,904

 

 

 

832,181

 

 

 

2,496,544

 

 

 

5,779,037

 

 

 

9,915,570

 

 

 

7,755,532

 

Borrowings

 

 

1,588,618

 

 

 

1,661,129

 

 

 

3,472,057

 

 

 

10,648,817

 

 

 

50,294,010

 

 

 

67,664,631

 

 

 

53,626,542

 

Total non-derivatives

 

$

11,472,181

 

 

$

2,065,033

 

 

$

4,304,238

 

 

$

13,145,361

 

 

$

56,073,047

 

 

$

87,059,860

 

 

$

70,861,733