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Reserves | (In thousands of US Dollars) | Issued Capital | Share-based Payment Reserve | Capital Contribution | Foreign Currency Translation | Accumulated Losses | Total Equity/ (Deficit) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes | 19 | 20 | 20 | 20 | 21 | As of July 1, 2021 | $ | 2,354 | $ | 4 | $ | 1,755 | $ | 1,015 | $ | (18,239) | $ | (13,111) | Loss for the year | — | — | — | — | (6,193) | (6,193) | Other comprehensive income | — | — | — | 1,379 | — | 1,379 | Modification of convertible notes, net of tax | — | — | 1,697 | — | — | 1,697 | As of June 30, 2022 | $ | 2,354 | $ | 4 | $ | 3,452 | $ | 2,394 | $ | (24,432) | $ | (16,228) | Loss for the year | — | — | — | — | (15,217) | (15,217) | Other comprehensive income | — | — | — | 891 | — | 891 | Modification of convertible notes, net of tax | — | — | 1,139 | — | — | 1,139 | As of June 30, 2023 | $ | 2,354 | $ | 4 | $ | 4,591 | $ | 3,285 | $ | (39,649) | $ | (29,415) | Loss for the year | — | — | — | — | (293,445) | (293,445) | Other comprehensive income | — | — | — | (402) | — | (402) | Share-based Compensation - earnout shares | — | 24,290 | — | — | — | 24,290 | Issuance of shares to employees | 638 | — | — | — | — | 638 | Conversion of debt to equity | 208,800 | — | (4,591) | — | — | 204,209 | Shares issued to acquire NETC | 67,799 | — | — | — | — | 67,799 | PIPE funding | 17,506 | — | — | — | — | 17,506 | Shares issued as settlement of transaction expenses | 2,057 | — | — | — | — | 2,057 | Transaction cost accounted for as a deduction from equity | (1,536) | — | — | — | — | (1,536) | As of June 30, 2024 | $ | 297,618 | $ | 24,294 | $ | — | $ | 2,883 | $ | (333,094) | $ | (8,300) |
Year Ended June 30, | |||||||||||||||||||||||||||||||||||||||||||||||
2024 | 2023 | 2022 | |||||||||||||||||||||||||||||||||||||||||||||
(In thousands of US Dollars) | |||||||||||||||||||||||||||||||||||||||||||||||
CSIRO | $ | 246 | $ | 253 | $ | 163 | Other | 96 | 15 | — | $ | 342 | $ | 268 | $ | 163 | Timing of revenue recognition: | At a point in time | $ | 342 | $ | 199 | $ | 23 | Over time | — | 69 | 140 | $ | 342 | $ | 268 | $ | 163 |
Twelve Months Ended June 30, | |||||||||||
2024 | 2023 | 2022 | |||||||||
(In thousands of US Dollars) | |||||||||||
Interest expense by applying effective interest rate | Shareholder Loan – AgCentral Energy | 159 | 295 | 17 |
June 30, | |||||||||||||||||||||||||||||||
2024 | 2023 | ||||||||||||||||||||||||||||||
(In thousands of US Dollars) | |||||||||||||||||||||||||||||||
Cost: Office equipment | Opening Balance at July 1 | 63 | 38 | Additions | 53 | 27 | Disposals | (7) | — | Exchange differences | 3 | (2) | Closing Balance at June 30 | 112 | 63 | Accumulated depreciation: Office equipment | |||||||||||||||
Opening Balance at July 1 | (33) | (19) | Depreciation expense | (23) | (15) | Disposals | 6 | — | Exchange differences | — | 1 | Closing Balance at June 30 | (50) | (33) | Net book value as of June 30 | 62 | 30 |
2024 | 2023 | |||||||||||||||||||||
(In thousands of US Dollars) | ||||||||||||||||||||||
As of July 1 | 4,591 | 3,452 | Interest forgiveness on convertible notes and shareholder loan | — | 1,517 | Derecognition upon consummation of the Capital Reorganization | (4,591) | — | Deferred tax impact | — | (378) | As of June 30 | — | 4,591 |