Cash Flow Information |
NOTE 26: CASH FLOW INFORMATION (a)Cash and Cash Equivalents For the purposes of the consolidated statement of cash flows, cash and cash equivalents include cash on hand and in banks, net of outstanding bank overdrafts. Cash and cash equivalents at the end of the reporting period as shown in the consolidated statement of cash flows can be reconciled to the related items in the consolidated statement of financial position as follows:
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2023 A$ |
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2022 A$ |
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2021 A$ |
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Cash and cash equivalents |
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18,250,255 |
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33,564,857 |
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28,499,449 |
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(b)Reconciliation of Operating Loss to Net Cash Outflow from Operating Activities
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2023 A$ |
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2022 A$ |
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2021 A$ |
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(Loss) for the year |
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(31,846,957 |
) |
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(21,759,358 |
) |
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(8,697,037 |
) |
Items in loss |
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Depreciation and amortisation |
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1,156,992 |
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1,109,412 |
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1,700,878 |
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Share-based payments |
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1,904,553 |
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2,829,689 |
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1,308,349 |
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Loss on asset disposals |
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- |
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1,827 |
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21,010 |
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Contingent consideration – change in fair value |
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988,179 |
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936,354 |
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(3,212,503 |
) |
Amortisation of transaction costs |
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- |
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- |
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252,019 |
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Accrual of final borrowing payment |
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528,819 |
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Net foreign exchange differences |
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(33,555 |
) |
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738,423 |
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(1,067,746 |
) |
Interest received |
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(479,726 |
) |
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(9,869 |
) |
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(5,756 |
) |
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Changes in Operating Assets and Liabilities |
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Decrease/(Increase) in receivables |
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49,642 |
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(39,148 |
) |
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34,078 |
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Decrease/(Increase)in research and development incentive receivable |
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6,092,202 |
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(5,791,688 |
) |
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1,991,468 |
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Decrease/(Increase) in other assets |
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258,252 |
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(600,285 |
) |
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(85,648 |
) |
Increase/(Decrease) in payables |
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714,207 |
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979,902 |
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(63,305 |
) |
Increase/(Decrease) in provisions |
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59,635 |
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41,062 |
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(55,923 |
) |
(Decrease) in deferred tax liability |
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(206,792 |
) |
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(191,808 |
) |
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(187,427 |
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Net cash outflows from operating activities |
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(21,343,368 |
) |
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(21,755,487 |
) |
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(7,538,724 |
) |
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