Consolidated 2025 2024 $ $ Cash and cash equivalents 1,553,045 2,319,927 Trade and other payables (997,374) (917,643) Investment in Nyrada ordinary shares - 1,969,022 Investment in Nyrada performance shares - 40,802 555,671 3,412,108 Liquidity risk Vigilant liquidity risk management requires the consolidated entity to maintain sufficient liquid assets (mainly cash and cash equivalents) and available borrowing facilities to be able to pay debts as and when they become due and payable. The Company is exposed to liquidity risk via its trade and other payables. Liquidity risk is the risk that the Company will encounter difficulty in raising funds to meet the commitments associated with its financial instruments. Responsibility for liquidity risk rests with the Board who manage liquidity risk by monitoring undiscounted cash flow forecasts and actual cash flows provided to them by the Company’s Management at Board meetings to ensure that the Company continues to be able to meet its debts as and when they fall due. Contracts are not entered into unless the Board believes that there is sufficient cash flow to fund the additional activity. Remaining contractual maturities The following tables detail the consolidated entity’s remaining contractual maturity for its financial instrument liabilities. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the financial liabilities are required to be paid. The tables include both interest and principal cash flows disclosed as remaining contractual maturities and therefore these totals may differ from their carrying amount in the statement of financial position. Weighted average interest rate 1 year or less Between 1 and 2 years Between 2 and 5 years Over 5 years Remaining contractual maturities Consolidated - 2024 % $ $ $ $ $ Non-derivatives Non-interest bearing Trade payables - 449,737 - - - 449,737 Other payables - 547,637 - - - 547,637 Interest-bearing - fixed rate Convertible notes 12.00% 2,371,164 - - - 2,371,164 Total non-derivatives 3,368,538 - - - 3,368,538 Derivatives Embedded derivative of convertible note - 108,000 - - - 108,000 Total derivatives 108,000 - - - 108,000 Weighted average interest rate 1 year or less Between 1 and 2 years Between 2 and 5 years Over 5 years Remaining contractual maturities Consolidated - 2024 % $ $ $ $ $ Non-derivatives Non-interest bearing Trade payables - 649,446 - - - 649,446 Other payables - 259,016 - - - 259,016 Total non-derivatives 908,462 - - - 908,462 The cash flows in the maturity analysis above are not expected to occur significantly earlier than contractually disclosed above. Annual Report 2025 37
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