EQ Resources Limited Annual Report 2021

62 EQ Resources Limited Annual Report 2021 Notes to the Consolidated Financial Statements continued ANNUAL Rep rt June 2021 Notes to the Consolidated Financial Statements 48 28. PARENT ENTITY INFORMATION The following information relates to the parent entity, EQ Resources Limited. The information presented has been prepared using accounting policies that are consistent with those presented in Note 1. 2021 $ 2020 $ ASSETS Current assets 8,878,042 5,029,560 Non-current assets 17,054,241 15,604,705 TOTAL ASSETS 25,932,283 20,634,265 LIABILITIES Current liabilities 1,226,826 293,801 Non-current liabilities 3,823,821 3,823,821 TOTAL LIABILITIES 5,050,647 4,117,622 NET ASSETS 20,881,636 16,516,643 EQUITY Issued capital 20,603,965 15,023,117 Reserves 782,831 - Accumulated losses (505,160) 1,493,526 TOTAL EQUITY 20,881,636 16,516,643 FINANCIAL PERFORMANCE Profit (loss) for the year (2,000,234) (1,653,438) Other comprehensive income/(loss) for the year 1,547 773 Total comprehensive profit/(loss) (1,998,687) (1,652,665) Contingent Liabilities As at 30 June 2021 and 30 June 2020 the Company had no contingent liabilities. Contractual Commitments As at 30 June 2021 and 30 June 2020 the Company had no contractual commitments other than those disclosed in Note 16. Guarantees Entered into by Parent Entity As at 30 June 2021, the Company has not provided any financial guarantees.