(a) All non-audit services have been reviewed by the AFRC to ensure they do not impact the impartiality and objectivity of the auditor, and (b) None of the services undermine the general principles relating to auditor independence as set out in APES110 Code of Ethics for Professional Accountants. 26. Parent Entity Note The individual financial statements for the parent entity show the following aggregate amounts: 2022 $’000 2021 $’000 Current assets 343 202 Total assets (1,768) 79,243 Current liabilities 659 2,526 Total liabilities 16,768 94,451 Net assets (18,536) (15,208) Shareholders’ equity Contributed equity 54,718 51,374 Reserves 133 (3,012) Retained earnings (73,387) (63,570) Total equity (18,536) (15,208) Profit/(loss) and total comprehensive income for the year (2,292) (2,343) Contingent liabilities of the parent entity The parent entity did not have any contingent liabilities as at 30 June 2022 (2021: nil). Contractual commitments of the parent entity The parent entity did not have any contractual commitments as at 30 June 2022 (2021: nil). Determining the parent entity information The financial information for the parent entity has been prepared on the same basis as the consolidated financial statements. 47
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