Impact Minerals Limited Annual Report 2020

46 Impact Minerals Ltd Annual Report 2020 Consolidated Notes 2020 $ 2019 $ ASSETS Current assets Cash and cash equivalents 6 2,431,426 2,002,624 Trade and other receivables 7 72,433 23,320 Other current assets 8 35,234 – Total current assets 2,539,093 2,025,944 Non-current assets Property, plant and equipment 9 37,549 71,760 Exploration expenditure 10 10,946,163 9,777,828 Other non-current assets 11 151,055 195,183 Total Non-Current Assets 11,134,767 10,044,771 Total assets 13,673,860 12,070,715 LIABILITIES Current liabilities Trade and other payables 12 210,496 145,231 Short-term provisions 13 86,288 65,650 Total Current Liabilities 296,784 210,881 Total liabilities 296,784 210,881 Net assets 13,377,076 11,859,834 EQUITY Issued capital 14 46,931,843 44,900,024 Option reserve 15 (a) 1,005,268 577,577 Foreign currency translation reserve 15 (b) – (504,747) Financial asset reserve – (506,456) Transactions with non-controlling interest 15 (c) (1,161,069) (1,161,069) Accumulated losses 16 (33,398,966) (31,445,495) Total equity 13,377,076 11,859,834 The Consolidated Statement of Financial Position should be read in conjunction with the accompanying notes. Consolidated Statement o f Financial Position as at 30 June 2020