15 Provisions 30-June-22 $ 30-June-21 $ Current liabilities Annual leave 112,255 103,016 Long service leave 59,095 56,350 171,350 159,366 Non-current liabilities Long service leave 222 39 16 Advances from farm-out arrangement 30-June-22 $ 30-June-21 $ Current assets Receivables from farm-out arrangement 3,648,597 - Current liabilities Advances to farm-out arrangement - 7,617,634 3,648,597 7,617,634 Project funding from joint operations partner are funds called from Sonangol by the Company as the operator for the Block 9 drilling program as per the FIA which was executed on 25May 2020. Refer to Note 27 to the financial statements and Directors’ report for further information on the arrangement. 17 Issued capital Movements in ordinary share capital 30-June-22 No. 30-June-21 No. 30-June-22 $ 30-June-21 $ Ordinary shares – fully paid 2,917,001,836 2,316,851,413 303,177,819 280,302,775 Date Shares Issue Price $ Opening balance 1 Jul 21 2,316,851,413 280,302,775 Shares issued - entitlement offer 7 Sep 21 356,438,678 0.020 7,128,774 Shares issued – placement 23/30Mar 22 125,000,000 0.120 15,000,000 Conversion of performance rights 31,812,050 0.020 636,241 Shares issued – options exercised 86,899,695 0.035 3,316,285 Cost of capital raising (3,206,256) Closing balance 30 Jun 22 2,917,001,836 303,177,819 39 Melbana Energy Limited Annual Report 2022
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