31 FINANCIAL REPORT ALLUP SILICA Year Ending 30 June 2023 ALLUP SILICA LIMITED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2023 Notes 2023 2022 $ $ ASSETS CURRENT ASSETS Cash and cash equivalents 5 3,179,588 4,913,074 Receivables 6 63,150 80,791 Other current assets 7 83,739 206,480 TOTAL CURRENT ASSETS 3,326,477 5,200,345 NON-CURRENT ASSETS Other non-current assets 7 68,195 - Mineral exploration and evaluation 8 890,366 598,193 Plant and equipment 9 19,213 13,929 Right of use assets 10 160,127 - TOTAL NON-CURRENT ASSETS 1,137,901 612,122 TOTAL ASSETS 4,464,378 5,812,467 LIABILITIES Trade and other payables 11 150,368 79,640 Employee benefit provision 12 9,200 - Lease liabilities 10 36,306 - TOTAL CURRENT LIABILITIES 195,874 79,640 NON-CURRENT LIABILITIES Lease liabilities 10 123,861 - TOTAL NON-CURRENT LIABILITIES 123,861 - TOTAL LIABILITIES 319,735 79,640 NET ASSETS 4,144,643 5,732,827 EQUITY Issued capital 13 6,218,184 6,218,184 Reserves 14 501,335 443,603 Accumulated losses (2,574,876) (928,960) TOTAL EQUITY 4,144,643 5,732,827 The above Statement of Financial Position should be read in conjunction with the accompanying notes.
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