| Contributed capital $ |
Accumulated surplus/(deficit) $ |
Total $ |
|
| $ | $ | $ | |
| Balance at 1 July 2020 | 4,267,668 | 3,690,737 | 7,958,405 |
| Administrative Restructure – Net assets transferred | 19,859 | – | 19,859 |
| Net result for the year | – | (2,242,454) | (2,242,454) |
| Balance at 30 June 2021 | 4,287,527 | 1,448,283 | 5,735,810 |
| Administrative Restructure – Net assets transferred | 2,671,780 | – | 2,671,780 |
| Net result for the year | – | (831,135) | (831,135) |
| Balance at 30 June 2022 | 6,959,307 | 617,148 | 7,576,455 |
Statement of changes in equity
For the financial year ended 30 June 2022.