FINANCIAL REPORT (cont.)
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2023
2023 $’000
2022 $’000
Note
Current assets Cash and cash equivalents Trade and other receivables
18
12,833 23,099 33,145
36,746 28,946
6
Contract Assets
10
9,340
Inventories
136 196
189 192
Other current Assets Total current assets
69,409
75,413
Non-current assets Property Plant and equipment
7 8
11,495
12,086
Right-of-use assets
4,952 3,978
3,674
Intangible asset
20
321
Deferred tax assets
5
823
-
Total non-current assets
21,248 90,657
16,081 91,494
Total assets
Current liabilities Trade and other payables
9
25,727 11,174
35,500 13,023
Contract liabilities
10 11
Provisions
6,887 2,300 1,838
4,427 2,089 1,191
Current tax liability
5 8
Lease liabilities
Total current liabilities Non-current liabilities Provisions
47,926
56,230
839
11
809
2,328
Lease liabilities
8 5
2,647
72
Deferred tax liabilities
-
Total non-current liabilities
3,456
3,239
Total liabilities
51,382 39,275
59,469 32,025
Net assets
Equity Issued capital
22,482 (1,806)
12 12
24,104 (1,475)
Treasury shares under employee share plan
384
Share based payments reserve
572
10,965 32,025
Retained earnings
13
16,074 39,275
Total equity
The accompanying notes form part of these financial statements.
Annual Report 2023 53
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