Non-Financial Assets and Liabilities

12 Months Ended

Jun. 30, 2026

Non-financial Assets and Liabilities [Abstract]

Note 9. Non-financial assets and liabilities

(a) Inventories

	30 June 2026						30 June 2025
	Current A$		Non- current A$		Total A$		Current A$		Non- current A$		Total A$
Raw materials and stores (Colostrum)		423,366		-		423,366		199,227		666		199,893
Work in progress		1,297,847		-		1,297,847		433,051		-		433,051
Finished goods (Travelan and ProIBS)		552,635		-		552,635		1,140,050		-		1,140,050
Other inventories		-		-		-		35		-		35
		2,273,848		-		2,273,848		1,772,363		666		1,773,029

(i) Impairment of inventories

The provision for impairment of inventories assessment requires a degree of estimation and judgement. The level of the provision is assessed by taking into account the recent sales experience, the ageing of inventory, and in particular, the shelf life of inventories that affects obsolescence. Expected shelf-life is reassessed on a regular basis with reference to stability tests which are conducted by an expert engaged by the Company. A comprehensive stability study was completed in August 2020 and the reported findings support a shelf life of at least 130 months for the colostrum drug substance.

There were short-dated finished goods as at 30 June 2026, resulting in $6,622 provision for finished goods as at 30 June 2026 (30 June 2025: Nil).

(b) Employee benefit obligations

	2026						2025
	Current $		Non- current $		Total $		Current $		Non- current $		Total $
Leave obligations		256,109		42,210		298,319		226,383		22,722		249,105
Performance bonus		153,324		-		153,324		165,120		-		165,120
		409,433		42,210		451,643		391,503		22,722		414,225

The current portion of this liability includes all of the accrued annual leave, the unconditional entitlements to long service leave where employees have completed the required period of service and also for those employees that are entitled to pro-rata payments in certain circumstances. Total leave provision of $256,109 (2025: $226,383) is presented as current, since the group does not have an unconditional right to defer settlement for any of these obligations. However, based on past experience, the group does not expect all employees to take the full amount of accrued leave or require payment within the next 12 months.