EQ Resources Limited Annual Report 2021

EQ Resources Limited Annual Report 2021 63 ANNUAL Report June 2021 Notes to the Consolidated Financial Statements 49 29. OPERATING SEGMENTS Segment Information Identification of Reportable Segments During the 2020 financial year, the Company operated principally in one business segment being mineral exploration and in two geographical segments being Queensland and New South Wales, Australia. The Company’s revenues and assets and liabilities according to geographical segments are shown below. June 2021 June 2020 Total $ Queensland $ NSW $ Total $ Australia $ Chile $ REVENUE Revenue & Other Income 5,418,700 5,418,700 - 1,087,445 1,087,445 - Total segment revenue 5,418,700 5,418,700 - 1,087,445 1,087,445 - RESULTS Profit / (loss) before income tax (4,575,738) (4,575,738) - (3,016,453) (3,016,453) - Income tax - - - - - - Profit/ (loss) after income tax (4,575,738) (4,575,738) - (3,016,453) (3,016,453) - ASSETS AND LIABILITIES Assets 25,745,819 25,568,239 177,580 21,417,760 21,271,634 146,126 Liabilities 9,020,085 9,020,085 - 6,481,414 6,481,414 - 30. RELATED PARTY DISCLOSURES (a) The Company’s main related parties are as follows: Key management personnel: Any person(s) having authority and responsibility for planning, directing and controlling the activities of the Company, directly or indirectly, including any director (whether executive or otherwise), are considered key management personnel. The Directors and Officers in office during the year were as follows: • Oliver Kleinhempel (Sonnenalee Investments Limited) Appointed Non-executive Director, 12 August 2019 Appointed Non-executive Chairman, 24 April 2020 • Stephen Layton (Bodie Investments Pty Ltd) Appointed Non-executive Director, 14 November 2017 • Richard Damon Morrow (Yavern Creek Holdings Pty Ltd) Appointed Non-executive Director, 16 March 2021 • Zhui Pei Yeo (Whitfords Holdings Investments PtyLtd) Appointed Non-executive Director, 12 August 2019 • Kevin Bruce MacNeill Appointed Chief Executive Officer, 1 April 2021 • Kim Yang Cavallaro Appointed Chief Commercial Officer, 1 July 2020 Appointed Executive Director, 1 October 2020 Resigned, 15 January 2021 • Adrien Michele Wing (Northern Star Nominees Pty Ltd & Vision Tech Nominees Pty Ltd) Appointed Company Secretary, 1 February 2019 Resigned 1 September 2020