Note 12. Exploration and evaluation (continued) A review of the consolidated entity’s exploration licenses was undertaken during the financial year and based on the review management identified no impairment indicators on Block 9. Further information on operating activities and development are included in the Directors’ report. Note 13. Trade and other payables Refer to Note 19 for further information. 30-June-25 $ 30-June-24 $ Accounts payable 2,340,179 15,552,586 Other payables 3,389,139 3,553,225 5,729,318 19,105,811 Note 14. Provisions 30-June-25 $ 30-June-24 $ Current liabilities Provision for bonus 200,000 30,664 Annual leave 384,638 314,966 Personal leave 191,680 173,564 Long service leave 325,287 239,226 1,101,605 758,420 Note 15. Receivables from Joint Operating Partner 30-June-25 $ 30-June-24 $ Current assets Receivables from Joint Operations 12,897,075 31,967,395 Current liabilities Contract liabilities 17,410,351 20,553,950 Receivables from Joint Operating Partner are funds called from Sonangol Pesquisa E Produção S.A (Sonangol) by the Company as the operator for the Block 9 Drilling Program as per the Farm-In Agreement (FIA) which was executed on 25 May 2020. Refer to Note 26 to the financial statements and Directors’ report for further information on the arrangement. Contract Liabilities represent funds called from the Joint Operating Partner for portions of the work programme that are yet to be performed. Notes to the Consolidated Financial Statements for the year ended 30 June 2025 62 Melbana Energy Limited Annual Report 2025
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