ANNUAL Report June 2024 Consolidated Statement of Financial Position 16 Consolidated Statement of Financial Position For the Year ended 30 June 2024 Note 2024 $ 2023 $ Current Assets Cash assets 22(b) 3,489,532 5,335,596 Trade and other receivables 8 16,482,084 3,933,612 Prepayments 8 656,636 634,064 Inventory 5 17,145,002 877,740 Financial assets 5 840,973 815,649 Total current assets 38,614,227 11,596,661 Non-Current Assets Receivables 9 1,248,267 4,487,440 Property, plant and equipment 10, 20 99,523,735 14,014,956 Inventory 6 8,159,128 8,213,656 Deferred exploration and evaluation 11, 20 14,922,119 14,273,131 Financial assets 6 3,818,933 2,560,468 Total Non-Current Assets 127,672,182 43,549,651 Total Assets 166,286,409 55,146,312 Current Liabilities Trade and other payables 12, 27 42,647,114 11,309,854 Employee benefits 29 516,930 439,919 Lease liability 26, 28 1,324,113 910,822 Convertible notes 14 - 3,494,215 Financial liabilities 25 1,294,812 1,369,196 Contract liability – offtake 23 4,906,401 4,901,961 Contract liability – sublease 23 1,466,669 1,768,851 Borrowings 24 42,025,474 - Total Current Liabilities 94,181,513 24,194,818 Non-Current Liabilities Employee benefits 29 22,383 31,868 Lease liability 26, 28 1,823,620 1,176,523 Convertible notes 14 549,012 - Financial liabilities 25 10,819,849 11,787,921 Provisions 31 2,264,374 - Borrowings 24 - 1,650,618 Total Non-Current Liabilities 15,479,238 14,646,930 Total Liabilities 109,660,751 38,841,748 Net Assets 56,625,658 16,304,564 Equity Issued capital 13 68,338,429 27,222,060 Reserves 5,675,116 3,523,413 Accumulated losses (17,387,887) (14,440,909) Total Equity 56,625,658 16,304,564 As at 30 June 2024 82 EQ Resources Limited Annual Report 2024
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