Issued Capital $ Share based payment reserve $ Other reserves $ Accumulated losses $ Total equity $ Balance at 1 July 2021 280,302,775 – (1,353,836) (271,859,359) 7,089,580 Profit after income tax expense for the year – – – 6,332,812 6,332,812 Other comprehensive loss for the year, net of tax – – (579,033) – (579,033) Total comprehensive income for the year, net of tax – – (579,033) 6,332,812 5,753,779 Shares Issued 22,128,774 – – – 22,128,774 Issue of Performance Rights – 636,241 – – 636,241 Conversion of Performance Rights 636,241 (636,241) – – – Issue of Options – 1,728,655 – – 1,728,655 Exercise of Options 3,316,285 (274,796) – – 3,041,489 Cost of capital raising (3,206,256) – – – (3,206,256) Transfer of reserves to accumulated losses – – 1,118,350 (1,118,350) – Balance at 30 June 2022 303,177,819 1,453,859 (814,519) (266,644,897) 37,172,262 Balance at 1 July 2022 303,177,819 1,453,859 (814,519) (266,644,897) 37,172,262 Loss after income tax expense for the year – – – (1,001,999) (1,001,999) Total comprehensive income for the year, net of tax – – – (1,001,999) (1,001,999) Exercise of Options 17,295,207 (1,433,127) – – 15,862,080 Expiry of Options – (20,732) – 20,732 – Issue of performance rights – 404,684 – – 404,684 Foreign Currency Translation Reserve – – 555,567 – 555,567 Balance at 30 June 2023 320,473,026 404,684 (258,952) (267,626,164) 52,992,594 The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes Consolidated Statement of Changes in Equity for the year ended 30 June 2023 38 Melbana Energy Limited Annual Report 2023
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