Note 14. Lease Liabilities 30-June-24 $ 30-June-23 $ Current liabilities Lease Liability – 130,824 Reconciliation Balance as at 1 July 130,824 – Additions (New Lease for Sydney Office) – 231,970 Interest – 11,467 Repayments (130,824) (112,613) Balance as at 30 June – 130,824 Note 15. Provisions 30-June-24 $ 30-June-23 $ Current liabilities Annual leave 314,966 219,649 Personal leave 173,564 – Long service leave 239,226 161,322 727,756 380,971 Note 16. Receivables from/Advances to Joint Operations 30-June-24 $ 30-June-23 $ Current assets Receivables from Joint Operations 31,967,395 – Current liabilities Advances to Joint Operations – 202,130 Contract Liabilities 20,553,950 – Receivables from Joint Operating partner are funds called from Sonangol Pesquisa E Produção S.A (Sonangol) by the Company as the operator for the Block 9 drilling program as per the Farm-In Agreement (FIA) which was executed on 25 May 2020. Refer to Note 27 to the financial statements and Directors’ report for further information on the arrangement. Contract Liabilities represent funds called from the Joint Operating partner for portions of the work program that are yet to be performed. Notes to the Consolidated Financial Statements for the year ended 30 June 2024 56 Melbana Energy Limited Annual Report 2024
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