Impact Minerals Limited Annual Report 2020

Impact Minerals Ltd Annual Report 2020 45 for the year ended 30 June 2020 Consolidated Statement of Profit or Loss and Other Comprehensive Income Consolidated Notes 2020 $ 2019 $ Revenue from operating activities 3(a) 20,703 45,337 Other income 3(a) 477,526 1,848,663 Corporation and administration expense (546,103) (496,807) Depreciation expense 9 (39,388) (31,188) Employee benefits expense 3(b) (888,680) (305,162) Impairment of exploration expenditure 10 (113,146) (8,262,146) Loss on disposal of controlled entity 25 (504,731) – Occupancy expense (91,346) (91,866) Loss before tax from continuing operations (1,685,165) (7,293,169) Income tax expense 5 – – Loss for the year from continuing operations (1,685,165) (7,293,169) Other comprehensive income Items that will not be reclassified to profit or loss Change in the fair value of financial assets – (506,456) Items that may be reclassified to profit or loss Exchange rate differences on translating foreign operations – 73 Other comprehensive income for the year (net of tax) (1,685,165) (506,383) Total comprehensive loss for the year attributable to the owners of Impact Minerals Limited (1,685,165) (7,799,552) Cents per share Cents per share Loss per share attributable to the owners of Impact Minerals Limited Basic and diluted loss per share 17 (0.12) (0.55) The Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the accompanying notes.