| Schedule of Trade and Other Receivables |
Schedule
of Trade and Other Receivables
| | |
Unaudited
31
March 2025 | | |
30
June 2024 | |
| | |
AUD$ | | |
AUD$ | |
| CURRENT | |
| | | |
| | |
| Related party-Loans Note 21 | |
| 633,773 | | |
| - | |
| Trade receivables- Related parties Note 21 | |
| 799,737 | | |
| - | |
| Trade
receivables, net (1) | |
| 4,309,859 | | |
| 4,470,101 | |
| Total current trade and other receivables | |
| 5,743,369 | | |
| 4,470,101 | |
| |
(1) |
Trade
receivables are presented net of expected net credit loss of AUD$169,148
and AUD$138,000
at 31 March 2025
and 30 June 2024, respectively. |
|
Schedule
of Trade and Other Receivables
| | |
2024 | | |
2023 | |
| | |
| AUD$ | | |
| AUD$ | |
| | |
| |
|
|
|
Restated | |
| CURRENT | |
| | | |
| | |
| Related party receivable | |
| - | | |
| 1,226,945 | |
| Related party-Loans Note 21 | |
| - | | |
| - | |
| Trade receivables- Related parties Note 21 | |
| - | | |
| - | |
| 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 nine months ended 31 March 2025:
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 | |
$ | 3,053,569 | | |
$ | 442,745 | | |
$ | 277,998 | | |
$ | 704,695 | | |
$ | 4,479,007 | |
| Expected loss rate | |
| 2.64 | % | |
| 3.97 | % | |
| 4.86 | % | |
| 8.16 | % | |
| - | |
| ECL allowance | |
$ | 80,557 | | |
$ | 17,577 | | |
$ | 13,511 | | |
$ | 57,503 | | |
$ | 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 and older | | |
Total | |
| Balance as at reporting date | |
$ | 1,937,078 | | |
$ | 704,576 | | |
$ | 1,047,911 | | |
$ | 918,536 | | |
$ | 4,608,101 | |
| 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 | |
|