Impact Minerals Limited Annual Report 2020

Impact Minerals Ltd Annual Report 2020 69 Notes to the Consolidated Financial Statements continued NOTE 25: RELATED PARTY DISCLOSURE (CONTINUED) c) Key management personnel compensation 2020 $ 2019 $ Short-term employee benefits 342,521 392,871 Post-employment benefits 6,650 7,442 Share-based payments 505,586 117,148 854,747 517,461 Detailed remuneration disclosures are provided in the Remuneration Report on pages 38 to 42. A total of $246,879 (2019: $262,209) was capitalised as exploration expenditure. NOTE 26: PARENT ENTITY DISCLOSURE 2020 $ 2019 $ Financial Performance Profit/(loss) for the year (1,446,475) (6,301,123) Other comprehensive income – (506,456) Total comprehensive profit/(loss) (1,446,475) (6,807,579) Financial Position ASSETS Current assets 2,539,093 2,023,694 Non-current assets 8,820,060 7,730,064 TOTAL ASSETS 11,359,153 9,753,758 LIABILITIES Current liabilities 293,906 208,003 TOTAL LIABILITIES 293,906 208,003 NET ASSETS 11,065,247 9,545,755 EQUITY Issued capital 46,931,843 44,900,024 Option reserve 1,005,268 577,577 Financial asset reserve – (506,456) Transactions with non-controlling interest (1,161,069) (1,161,069) Accumulated losses (35,710,795) (34,264,321) TOTAL EQUITY 11,065,247 9,545,755 No guarantees have been entered into by Impact Minerals Limited in relation to the debts of its subsidiaries. Impact Minerals Limited’s commitments are disclosed in Note 21.