ANNUAL Report June 2024 Consolidated Statement of Changes in Equity 18 Consolidated Statement of Changes in Equity For the Year ended 30 June 2024 Attributable to the Shareholders of EQ Resources Limited Consolidated Issued Capital $ Accumulated Losses $ Reserves $ Total Equity $ At 1 July 2022 22,192,705 (10,724,063) 2,848,576 14,317,218 Profit / (loss) before income tax for the period - (3,716,459) - (3,716,459) Other comprehensive income for the period - (387) - (387) Total comprehensive loss for the period - (3,716,846) - (3,716,846) Issue of share capital 5,332,000 - - 5,332,000 Share issue costs (302,645) - - (302,645) Share based payments - - 674,837 674,837 Total transactions with owners in their capacity as owners 5,029,355 - 674,837 5,704,192 Balance at 30 June 2023 27,222,060 (14,440,909) 3,523,413 16,304,564 At 1 July 2023 27,222,060 (14,440,909) 3,523,413 16,304,564 Profit / (loss) before income tax for the period - (28,258,882) - (28,258,882) Currency translation difference - (817,390) - (817,390) Bargain purchase gain - 24,435,012 - 24,435,012 Gain/(loss) on revaluation of financial assets - 1,698,278 - 1,698,278 Prior period adjustment 154,323 - - 154,323 Other comprehensive income for the period - (3,996) - (3,996) Total comprehensive loss for the period 154,323 (2,946,978) - (2,792,655) Issue of share capital 42,162,613 - - 42,162,613 Share issue costs (1,200,567) - - (1,200,567) Share based payments - - 4,036,880 4,036,880 Equity settled share based payments - - (1,885,177) (1,885,177) Total transactions with owners in their capacity as owners 40,962,046 - 2,151,703 43,113,749 Balance at 30 June 2024 68,338,429 (17,387,887) 5,675,116 56,625,658 For the year ended 30 June 2024 84 EQ Resources Limited Annual Report 2024
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