ALLUP SILICA LIMITED NOTES TO THE FINANCIAL STATEMENTS 59 FINANCIAL REPORT ALLUP SILICA Year Ending 30 June 2023 Note 22: Fair Value Measurements The net fair value of financial assets and financial liabilities of the Company approximates their carrying amount as presented on the statement of the financial position and in the notes to and forming part of the financial statements. Note 23: Related Parties Transactions Transactions between related parties are on normal commercial terms and conditions, no more favourable than those available to other parties (ie at arm’s length) unless the terms and conditions disclosed below state otherwise. Key Management Personnel Compensation Details of Key Management Personnel compensation are disclosed in Note 4 to the financial statements. Other transactions with director related entities An entity associated with Gavin Ball provided consumables, equipment and other digital services to the Company during the year amounting to $2,449 (30 June 2022: $3,835). There were no balances outstanding at year end. Note 24: Earnings per Share 2023 Cents 2022 Cents Basic loss per share (cents per share) (1.9476) (1.5104) Diluted loss per share (cents per share) (1.9476) (1.5104) Basic Earnings per Share 2023 $ 2022 $ The earnings and weighted average number of ordinary shares used in the calculation of basic earnings per share are as follows: Loss after income tax (1,645,916) (891,140) 2023 No. 2022 No. Weighted average number of ordinary shares 84,511,665 58,998,706 Weighted number of dilutive ordinary shares N/A N/A
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