| Schedule of Trade and Other Receivables |
Schedule of Trade and Other Receivables
| | |
Unaudited 31 December 2024 | | |
30 June 2024 | |
| | |
AUD$ | | |
AUD$ | |
| CURRENT | |
| | | |
| | |
| Related party-Loans Note 21 | |
| 599,518 | | |
| - | |
| Trade receivables- Related parties Note 21 | |
| 1,481,636 | | |
| - | |
| Trade receivables, net (1) | |
| 4,522,926 | | |
| 4,470,101 | |
| Total current trade and other receivables | |
| 6,604,080 | | |
| 4,470,101 | |
| |
(1) |
Trade
receivables are presented net of expected net credit loss of AUD$169,148 and AUD$138,000 at 31 December 2024 and 30 June 2024, respectively. |
|
Schedule
of Trade and Other Receivables
| | |
2024 | | |
2023 | |
| | |
| AUD$ | | |
| AUD$ | |
| | |
| |
|
|
|
Restated | |
| CURRENT | |
| | | |
| | |
| Related party receivable | |
| - | | |
| 1,226,945 | |
| Trade receivables, net (1) | |
| 4,470,101 | | |
| 3,210,308 | |
| Total current trade and other receivables | |
| 4,470,101 | | |
| 4,437,253 | |
| (1) | Trade
receivables are presented net of an allowance of AUD$138,000
and AUD$380,604
at June 30, 2024 and 2023, respectively. |
|
| Schedule of Expected Credit Losses on Trade Receivables |
The
table below presents the expected credit losses on trade receivables for the six months ended 31 December 2024:
Schedule of Expected Credit Losses on Trade Receivables
| | |
Current sales | | |
[30] days | | |
[60] days | | |
[90] days and older | | |
Total | |
| | |
Unaudited | |
| | |
Current sales | | |
30 days | | |
60 days | | |
90 days and older | | |
Total | |
| Balance as at reporting date | |
$ | 2,920,324 | | |
$ | 1,541,159 | | |
$ | 52,701 | | |
$ | 177,890 | | |
$ | 4,692,074 | |
| Expected loss rate | |
| 3.11 | % | |
| 3.97 | % | |
| 4.86 | % | |
| 8.16 | % | |
| - | |
| ECL allowance | |
$ | 90,887 | | |
$ | 61,184 | | |
$ | 2,561 | | |
$ | 14,516 | | |
$ | 169,148 | |
The
table below presents the expected credit losses on trade receivables for the year ended 30 June 2024:
| | |
Current sales | | |
30 days | | |
60 days | | |
90 days | | |
Total | |
| Balance as at reporting date | |
$ | 1,937,078 | | |
$ | 704,576 | | |
$ | 1,047,911 | | |
$ | 918,534 | | |
$ | 4,608,099 | |
| Expected loss rate | |
| 0.75 | % | |
| 2.27 | % | |
| 4.86 | % | |
| 6.16 | % | |
| - | |
| ECL allowance | |
$ | 14,520 | | |
$ | 15,995 | | |
$ | 50,935 | | |
$ | 56,550 | | |
$ | 138,000 | |
|
The
table below presents the expected credit losses on trade receivables for the year ended June 30, 2024:
Schedule of Expected Credit Losses on Trade Receivables
| | |
Current sales | | |
[30] days | | |
[60] days | | |
[90] days | | |
Total | |
| Balance as at reporting date | |
$ | 1,937,078 | | |
$ | 704,576 | | |
$ | 1,047,911 | | |
$ | 918,534 | | |
$ | 4,608,099 | |
| Expected loss rate | |
| 0.75 | % | |
| 2.27 | % | |
| 4.86 | % | |
| 6.16 | % | |
| - | |
| ECL allowance | |
$ | 14,520 | | |
$ | 15,995 | | |
$ | 50,935 | | |
$ | 56,550 | | |
$ | 138,000 | |
|