Financial Report 2023

The terms of the policy prohibit the disclosure of the amount of the premiums paid by the Company. [...] Lease assets are initially recognised at cost, comprising the amount of the initial measurement of the lease liability, any lease payments made at or before the commencement date of the lease, less any lease incentives received, any initial direct costs incurred by the Company, and an estimate of costs to be incurred by the Company in dismantling and removing the underlying asset, restoring the si. [...] Lease assets are depreciated over the shorter of the lease term and the estimated useful life of the underlying asset, consistent with the estimated consumption of the economic benefits embodied in the underlying asset. [...] Events subsequent to reporting date No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the Company, the results of those operations or the state of affairs of the Company in subsequent financial years. [...] Responsibility of the Directors for the Financial Report The Directors of the Company are responsible for the preparation of the financial report that gives a true and fair view, to meet the requirements of the Australian Accounting Standards and ACNC Act.