Annual Report 2022 45 Note 21. Parent entity information Set out below is the supplementary information about the parent entity. Statement of profit or loss and other comprehensive income Parent 2022 2021 $ $ Loss after income tax (17,717,934) (9,219,721) Total comprehensive income (17,717,934) (9,219,721) Statement of financial position Parent 2022 2021 $ $ Total current assets 20,833,328 32,974,035 Total assets 27,667,696 47,978,773 Total current liabilities 2,280,847 6,807,195 Total liabilities 2,475,813 7,077,336 Equity Issued capital 74,635,721 72,622,560 Options reserve 8,285,254 8,487,119 Accumulated losses (57,729,092) (40,208,242) Total equity 25,191,883 40,901,437 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. Contingent liabilities Except as outlined in note 19, the parent entity had no contingent liabilities as at 30 June 2022 and 2021. Capital commitments - Property, plant and equipment The parent entity had no capital commitments at 30 June 2022 and 2021. Significant accounting policies The accounting policies of the parent entity are consistent with those of the consolidated entity, as disclosed in note 1, except for the following: • Investments in subsidiaries are accounted for at cost, less any impairment, in the parent entity. • Dividends received from subsidiaries are recognised as other income by the parent entity and its receipt may be an indicator of an impairment of the investment.
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