Note 29. Earnings per share 30-June-25 $ 30-June-24 $ Profit/(loss) after income tax attributable to the owners of Melbana Energy Limited (4,151,446) 3,529,549 Weighted average number of ordinary shares used in calculating basic earnings per share 3,370,204,104 3,370,204,104 Weighted average number of ordinary shares used in calculating diluted earnings per share 3,416,218,473 3,402,159,066 Cents Cents Basic earnings per share (0.12) 0.10 Diluted earnings per share (0.12) 0.10 Note 30. New and Amended Accounting Policies Adopted by the Group AASB 2020-1: Classification of Liabilities as Current or Non-current The Group adopted AASB 2020-1 which amends AASB 101 to clarify requirements for the presentation of liabilities in the statement of financial position as current or non-current. It also clarifies the meaning of “settlement of a liability” The adoption of the amendment did not have a material impact on the financial statements. Note 31. New and Amended Accounting Policies Not Yet Adopted by the Entity AASB 2021-7c: Amendments to Australian Accounting Standards – Effective Date of Amendments to AASB 10 and AASB 128 and Editorial Corrections; and AASB 2024-4: Amendments to Australian Accounting Standards – Effective Date of Amendments to AASB 10 and AASB 128 AASB 2021-7c defers the application of AASB 2014-10 Amendments to Australian Accounting Standards – Sale or Contribution of Assets between an Investor and its Associate or Joint Venture so that the amendments are required to be applied for annual reporting periods beginning on or after 1 January 2025 instead of 1 January 2018. However, once AASB 2021-7c expires for periods beginning on or after 1 January 2025, AASB 2024-4 defers the mandatory effective date (of amendments to AASB 10 and AASB 128 that were originally made in AASB 2014-10) so that the amendments are required to be applied for annual reporting periods beginning on or after 1 January 2028 instead of 1 January 2025. The Group plans on adopting the amendments to AASB 10 and AASB 128 within AASB 2021-7c for the reporting period ending 30 June 2026 and within AASB 2024-4 for the reporting period ending 30 June 2029. The Group plans on adopting the amendments for the reporting periods ending 30 June 2026. The impact of initial application is not yet known. AASB 18: Presentation and Disclosure in Financial Statements AASB 18 will replace AASB 101 to amend the presentation and disclosure requirements in financial statements which includes: – the presentation of the statement of profit or loss into five categories, namely the operating, investing, financing, discontinued operations and income tax categories, as well as newly-defined operating profit subtotals; – disclosure of management-defined performance measures (MPMs) in a single note; and – enhanced requirements for grouping (aggregation and disaggregation) of information. In addition, the Group will be required to use the operating profit subtotal as the starting point for the statement of cash flows when presenting operating cash flows under the indirect method. Notes to the Consolidated Financial Statements for the year ended 30 June 2025 72 Melbana Energy Limited Annual Report 2025
RkJQdWJsaXNoZXIy MjE2NDg3