Urbanise.com Annual Report 2019

32. Parent entity information The accounting policies of the parent entity, which have been applied in determining the financial information shown below, are the same as those applied in the consolidated financial statements except for investments in subsidiaries recognised at cost. Refer to Note 1 for a summary of the significant accounting policies relating to the Group. The parent entity has entered into a Deed of Cross Guarantee with the effect that the Company guarantees debts in respect of certain subsidiaries. Refer to Note 31 for detailed disclosure. Summarised statement of financial position as at 30 June 2019 2019 $ 2018 $ Assets Total current assets 4,119,027 4,448,595 Total non-current assets 4,477,941 5,867,961 Total assets 8,596,968 10,316,556 Liabilities Total current liabilities 3,568,622 1,582,623 Total non-current liabilities 25,903 10,716 Total liabilities 3,594,525 1,593,339 Net assets 5,002,443 8,723,217 Equity Issued capital and contributed equity 97,634,813 93,821,852 Employee option reserve 2,547,896 1,981,763 Accumulated losses (95,180,267) (87,080,400) Total equity 5,002,443 8,773,217 2019 $ 2018 $ Profit/(loss) for the year (8,099,867) (31,358,563) Other comprehensive income – Total comprehensive income/(loss) (8,099,867) (31,358,563) 83