Cue Energy Resources Limited Notes to the financial statements 30 June 2023 Note 18. Contingencies and commitments (continued) 28 As of 30 June 2023, Cue has $5.2 million of exploration and development expenditure commitments, $4.2 million of which relates to drilling and infrastructure works in the Mahato PSC. Commitments reflect the Consolidated Entity's interest in future financial obligations, based on existing facts and circumstances, where the Consolidated Entity is contractually or substantively committed to making future expenditure. These commitments may be either direct obligations or, as is the case with most commitments, obligations which the respective projects' operators enter into on the Consolidated Entity's behalf with suppliers and service providers. Note 19. Parent entity information Cue Energy Resources Limited is the parent entity. Set out below is the supplementary information about the parent entity. Statement of profit or loss and other comprehensive income Parent 2023 2022 $'000 $'000 Profit/(loss) after income tax 3 (1,939) Total comprehensive income 3 (1,939) Statement of financial position Parent 2023 2022 $'000 $'000 Total current assets 11,754 21,204 Total assets 21,438 28,497 Total current liabilities 4,748 6,899 Total liabilities 4,765 13,887 Equity Contributed equity 152,416 152,416 Options reserve 647 551 Accumulated losses (136,390) (138,357) Total equity 16,673 14,610 Guarantees entered into by the parent entity in relation to the debts of its subsidiaries The parent entity had no guarantees in relation to the debts of its subsidiaries as at 30 June 2023 (2022: nil). Contingent liabilities The parent entity had no contingent liabilities as at 30 June 2023 (2022: nil). Capital commitments - Property, plant and equipment The parent entity had no capital commitments for the acquisition of capital assets as at 30 June 2023 (2022: nil). 74 Cue Energy Resources Limited Annual Report 2023
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