ANNUAL Report June 2024 Notes to the Consolidated Financial Statements 53 34. OPERATING SEGMENTS Segment Information Identification of Reportable Segments During the 2023 financial year, the Company operated principally in one business segment, mineral exploration, and in two geographical segments, Queensland and New South Wales, Australia. The Company’s revenues, assets, and liabilities according to geographical segments are shown below. June 2024 June 2023 Total $ Australia $ Spain $ Total $ Queensland $ NSW $ REVENUE Revenue & Other Income 30,327,090 16,146,183 14,180,907 13,119,652 13,119,652 - Total segment revenue 30,327,090 16,146,183 14,180,907 13,119,652 13,119,652 - RESULTS Profit / (loss) before income tax (28,258,882) (20,160,346) (8,098,536) (3,716,846) (3,716,846) - Income tax - - - - - - Profit/ (loss) after income tax (28,258,882) (20,160,346) (8,098,536) (3,716,846) (3,716,459) - ASSETS AND LIABILITIES Assets 166,286,409 75,734,356 90,552,053 55,146,312 54,950,009 196,303 Liabilities (109,660,751) (34,628,093) (75,032,658) (38,841,748) (38,841,748) - 35. 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) (Sindel Nominees Proprietary Limited) Appointed Non-executive Director, 14 November 2017 • Richard Damon Morrow (Yavern Creek Holdings Pty Ltd) Appointed Non-executive Director, 16 March 2021 • Stephen Robert Weir Appointed Non-executive Director, 19 January 2024 • Zhui Pei Yeo (Whitfords Holdings Investments Pty Ltd) Appointed Non-executive Director, 12 August 2019 • Kevin Bruce MacNeill Appointed Chief Executive Officer, 1 April 2021 For details of disclosures relating to key management personnel, refer to Key Management Personnel disclosures Directors and Remuneration Report. EQ Resources Limited Annual Report 2024 119
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