| Cash Flow Information |
20.
Cash Flow Information
| (a) |
Reconciliation
of cash |
Cash
for the six months ended 31 December 2024 and 2023 as shown in the consolidated statement of cash flows is reconciled to items in the
consolidated statement of financial position as follows:
Schedule
of Reconciliation of Cash
| | |
31 December 2024 | | |
31 December 2023 | |
| | |
AUD$ | | |
AUD$ | |
| Cash and cash equivalents | |
| 1,437,667 | | |
| 421,015 | |
| (b) |
Reconciliation
of result for the year to cashflows from operating activities |
Reconciliation
of net income to net cash provided by operating activities:
Schedule
of Reconciliation of Net Income to Net Cash Provided by Operating Activities
| | |
| | | |
| | |
| (Loss) Profit for the period | |
| (966,665 | ) | |
| 2,380,919 | |
| Non-cash flows in (loss) profit: | |
| | | |
| | |
| – cash flows excluded from profit attributable to operating activities | |
| 165,752 | | |
| 12,787 | |
| – depreciation | |
| 223,612 | | |
| 230,767 | |
| -interest | |
| 137,839 | | |
| - | |
| Changes in assets and liabilities: | |
| | | |
| | |
| – (increase)/decrease in trade and other receivables | |
| (2,133,979 | ) | |
| (5,810 | ) |
| – (increase)/decrease in other assets | |
| (805,252 | ) | |
| 1,145,971 | |
| – (increase)/decrease in inventories | |
| 1,414,066 | | |
| (2,285,450 | ) |
| – increase/(decrease) in trade and other payables | |
| (343,818 | ) | |
| (3,401,045 | ) |
| – increase/(decrease) in provisions | |
| (160,544 | ) | |
| 334,453 | |
| Cash flows from/(used in) operations | |
| (2,468,989 | ) | |
| (1,587,408 | ) |
Non-cash
investing and financing activities were as follows:
Schedule
of Non-cash Investing and Financing Activities
| | |
31 December 2024 | | |
31 December 2023 | |
| Intangible asset | |
| - | | |
| 50,000 | |
| Accrued expenses and warrant liabilities assumed upon closing of the merger with EDOC | |
| 136,105 | | |
| - | |
| Promissory note – related party assumed upon closing of the merger with EDOC | |
| - | | |
| - | |
| Property Plant & Equipment (PPE) | |
| - | | |
| | |
| Prepayment for purchase of PPE in FY 2024 capitalised in Half year ended
31 December 2024 | |
| 429,841 | | |
| - | |
| Payments made by related party for company’s accrued expenses | |
| 550,702 | | |
| - | |
|
26 Cash Flow Information
| (a) |
Reconciliation of cash |
Cash
at the end of the financial year as shown in the consolidated statement of cash flows is reconciled to items in the consolidated statement
of financial position as follows:
Schedule
of Reconciliation of Cash
| | |
2024 | | |
2023 | |
| | |
| AUD$ | | |
| AUD$ | |
| Cash and cash equivalents | |
| 514,140 | | |
| 121,273 | |
| (b) |
Reconciliation of result
for the year to cashflows from operating activities |
Reconciliation
of net income to net cash provided by operating activities:
Reconciliation
of net income to net cash provided by operating activities:
Schedule
of Reconciliation of Net Income to Net Cash Provided by Operating Activities
| | |
| | | |
| | |
| (Loss) Profit for the year | |
| (21,230,681 | ) | |
| 1,844,970 | |
| Non-cash flows in profit: | |
| | | |
| | |
| – cash flows excluded from profit attributable to operating activities | |
| | | |
| | |
| – gain on forgiveness of payables | |
| (670,782 | ) | |
| | |
| – depreciation | |
| 498,566 | | |
| 571,899 | |
| -interest | |
| | | |
| | |
| – Recapitalization expense | |
| 16,301,915 | | |
| - | |
| – change in fair value of warrants | |
| (141,874 | ) | |
| - | |
| Changes in assets and liabilities: | |
| | | |
| | |
| – (increase)/decrease in trade and other receivables | |
| (32,848 | ) | |
| (884,401 | ) |
| – (increase)/decrease in prepayment of seed purchase | |
| 3,672,697 | | |
| (2,593,941 | ) |
| – (increase)/decrease in other assets | |
| 351,485 | | |
| (1,174,503 | ) |
| – (increase)/decrease in inventories | |
| (5,181,691 | ) | |
| 112,917 | |
| – increase/(decrease) in trade and other payables (1) | |
| 3,742,915 | | |
| 2,778,396 | |
| – increase/(decrease) in provisions | |
| 505,368 | | |
| 34,459 | |
| Cash flows from operations | |
| (2,184,930 | ) | |
| 689,796 | |
| (1) | Included in this balance is a noncash amount related to recapitalization costs of $5,163,951 |
Non-cash
investing and financing activities were as follows:
Schedule
of Non-cash Investing and Financing Activities
| | |
2024 | | |
2023 | |
| Acquisition of ROU assets and lease liabilities | |
| - | | |
| 275,953 | |
| Purchases of property, plant and equipment in trade payables | |
| 877,967 | | |
| 64,011 | |
| Accrued expenses and warrant liabilities assumed upon closing of the merger with EDOC | |
| 5,938,467 | | |
| - | |
| Promissory note – related party assumed upon closing of the merger with EDOC | |
| 1,216,928 | | |
| - | |
|