Note 30-June-23 $ 30-June-22 $ Other income 5 2,595,344 10,391,168 Interest income 626,777 874 Expenses Consultants fees and expenses (723,342) (687,275) Employee benefits expenses (1,846,556) (1,166,845) Administration and other expenses (298,960) (166,267) Audit, tax and other compliance related costs (214,568) (138,838) Securities exchange, share registry and reporting costs (194,707) (184,038) Operating lease and outgoing expenses (104,105) (44,191) Investor relations and corporate promotions costs (54,981) (85,166) Travel costs (95,640) (24,696) Depreciation expense (125,642) (121,641) Share Based Payment Expense (404,684) (636,241) Tenement application and other related expenses (88,348) - Foreign exchange loss 241,120 (747,260) Finance costs 6 (313,707) (56,772) Profit/(loss) before income tax expense (1,001,999) (6,332,812) Income tax expense 7 - - Profit/(loss) after income tax expense for the year attributable to the owners of Melbana Energy Limited (1,001,999) 6,332,812 Other comprehensive incomes Items that will not be reclassified subsequently to profit or loss Profit/(loss) on the revaluation of equity instruments at fair value through other comprehensive income, net of tax – (579,033) Items that may be reclassified subsequently to profit or loss Foreign currency translation 555,567 – Other comprehensive income/(loss) for the year, net of tax 555,567 (579,033) Total comprehensive income/(loss) for the year attributable to the owners of Melbana Energy Limited (446,432) (5,753,779) Cents Cents Basic earnings per share 30 (0.03) 0.24 Diluted earnings per share 30 (0.03) 0.21 The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes Consolidated Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2023 36 Melbana Energy Limited Annual Report 2023
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