Impact Minerals Limited Annual Report 2021

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Impact Minerals Ltd Annual Report 2021 130 NOTE 28: PARENT ENTITY DISCLOSURE 2021 $ 2020 $ Financial Performance Profit/(loss) for the year (4,760,174) (1,446,475) Other comprehensive income - - Total comprehensive profit/(loss) (4,760,174) (1,446,475) Financial Position ASSETS Current assets 3,596,965 2,539,093 Non-current assets 10,111,428 8,820,060 TOTAL ASSETS 13,708,393 11,359,153 LIABILITIES Current liabilities 387,446 293,906 TOTAL LIABILITIES 387,446 293,906 NET ASSETS 13,320,947 11,065,247 EQUITY Issued capital 53,787,639 46,931,843 Option reserve 901,996 1,005,268 Financial asset reserve 45,000 - Transactions with non-controlling interest (1,161,069) (1,161,069) Accumulated losses (40,252,619) (35,710,795) TOTAL EQUITY 13,320,947 11,065,247 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 23.