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Consolidated Statement of Changes in Equity

for the year ended 30 June 2020

Issued Capital

Retained Earnings

Total Equity

$

$

$

Balance at 1 July 2018

40,000,001

1,616,890

41,616,891

Profit for the year

-

287,724

287,724

Total comprehensive income for the year

-

287,724

287,724

Balance at 30 June 2019

40,000,001

1,904,614

41,904,615

Balance at 1 July 2019

40,000,001

1,904,614

41,904,615

Loss for the year

-

(784,644)

(784,644)

Total comprehensive loss for the year

-

(784,644)

(784,644)

Balance at 30 June 2020

40,000,001

1,119,970

41,119,971

The above statement should be read in conjunction with the accompanying notes.