24 Related party transactions (continued) Receivable from and payable to related parties There were no trade receivables from or trade payables to related parties at the current and previous reporting date. Loans to/from related parties There were no loans from or loans to related parties at the current and previous reporting date. 30-June-22 $ 30-June-21 $ Current receivables Receivables from director 0 0 0 0 Terms and conditions All transactions were made on normal commercial terms and conditions and at market rates. 25 Parent entity information Set out below is the supplementary information about the parent entity. Statement of profit or loss and other comprehensive income 30-June-22 $ 30-June-21 $ Loss after income tax (6,717,952) (573,642) Total comprehensive income (6,717,952) (573,642) Statement of financial position 30-June-22 $ 30-June-21 $ Total current assets 21,076,442 5,506,876 Total assets 34,637,322 10,365,883 Total current liabilities 4,524,076 2,154,646 Total liabilities 4,524,298 2,154,685 Equity Issued capital 303,177,819 277,130,250 Share-based payment reserve 1,453,859 – Financial assets at fair value through other comprehensive income reserve – (1,118,350) Accumulated losses (274,518,654) (267,800,702) Total equity 30,113,024 8,211,198 Guarantees entered into by the parent entity in relation to the debts of its subsidiaries The parent entity had no guarantees in relation to the debts of its subsidiaries as at 30 June 2022 and 30 June 2021. Contingent liabilities As at 30 June 2022 the parent entity has a contingent liability of US$225,000 to a third party related to the sale of permit WA- 488-P should EOG Australia complete the drilling of an exploration well (currently due by August 2023) in that permit area. Future additional payments would be owed to this third party related to any future contingent cash and royalty payments the Consolidated Entity may receive. As at 30 June 2021 the parent entity had no contingent liabilities. 47 Melbana Energy Limited Annual Report 2022
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