Urbanise.com Annual Report 2019

8. Other Income The following is an analysis of the Group’s other income 2019 $ 2018 $ Other income Interest income 14,673 56,597 Profit on sale of device business and intellectual property – 436,711 Research and development income – 462,765 Other 1,056 130,567 Total other income 15,729 1,086,640 9. Expenses 2019 $ 2018 $ Employee benefits expense Share-based payments 626,133 40,042 Contractors 346,047 360,364 Other employee benefits 7,040,096 9,981,043 Total employee benefits expense 8,012,276 10,381,449 Finance costs Interest expense 27 1,231 Total finance costs 27 1,231 Impairment Impairment of intangible assets – 15,468,333 Impairment of tangible assets – 142,449 Impairment/(impairment reversal) of trade receivables (i) 356,289 (428,300) Impairment of inventory 1,535 957,321 Total significant items 357,824 16,139,803 (i) following an assessment of the carrying value of trade receivables, impairment was provided for. 2019 $ 2018 $ Professional fees Accounting, audit and tax 244,377 295,274 Legal fees 35,973 51,750 Listed company compliance 115,328 149,379 Consultants 3,454 242,417 Total professional fees expense 399,132 738,820 Notes to the Consolidated Financial Statements for the year ended 30 June 2019 (continued) 61