68 NOTES TO THE FINANCIAL STATEMENTS CONTINUED 30 June 2022 FINANCIAL REPORT Note 28. Related party transactions continued Transactions with related parties There was no other transaction with KMP and their related parties. Receivable from and payable to related parties There were no trade receivables from or trade payables to related parties at the current and previous reporting date. Loans to/from related parties There were no loans to or from related parties at the current and previous reporting date. Terms and conditions All transactions were made on normal commercial terms and conditions and at market rates. Note 29. Parent entity information Set out below is the supplementary information about the parent entity. Statement of profit or loss and other comprehensive income Parent 2022 2021 $ $ Loss after income tax (23,874,537) (16,853,528) Total comprehensive income (23,874,537) (16,853,528) Statement of financial position Parent 2022 2021 $ $ Total current assets 5,895,164 25,041,721 Total assets 25,944,816 47,044,314 Total current liabilities 1,090,400 3,177,348 Total liabilities 12,406,702 15,032,430 Equity Contributed equity 84,480,249 80,290,062 Other contributed equity - 464,000 Reserves 3,263,703 1,753,886 Accumulated losses (74,205,838) (50,496,064) Total equity 13,538,114 32,011,884 Reserves comprise Share Based Payments Reserve. Contingent liabilities The parent entity contingent liabilities as at 30 June 2022 and 30 June 2021 are as set out in Note 16. The contingent consideration is specific to the parent entity. Capital commitments - Property, plant and equipment The parent entity had no capital commitments for property, plant and equipment at as 30 June 2022 and 30 June 2021.
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