Cue Energy Resources Limited Notes to the financial statements 30 June 2025 Note 13. Equity - contributed equity (continued) 46 There has been no change during the year to the strategy adopted by management to control the capital of the entity. On 22 August 2025, the Company’s Board of Directors approved the declaration of a final dividend of $0.005 (0.5 cent) per fully paid ordinary share, totalling approximately $3.5 million. This final dividend has been declared as a Conduit Foreign Income (CFI), unfranked dividend and will be paid on 25 September 2025. On 25 February 2025, the Company’s Board of Directors approved the declaration of an interim dividend of $0.01 (1 cent) per fully paid ordinary share, totalling approximately $7 million. This interim dividend was declared as a Conduit Foreign Income (CFI), unfranked dividend and paid on 26 March 2025. The gearing ratio is nil at 30 June 2025 and 30 June 2024. Accounting policy for contributed equity Ordinary share capital is recognised at the fair value of the consideration received by the Company. Any transaction costs arising on the issue of ordinary shares are recognised directly in equity as a reduction of the share proceeds received. Ordinary share capital bears no special terms or conditions affecting income or capital entitlements of the shareholders. Note 14. Equity - reserves Movements in reserves Movements in each class of reserve during the current and previous financial year are set out below: Foreign currency reserve Options reserve General reserve Total Consolidated $'000 $'000 $'000 $'000 Balance at 1 July 2023 1,528 647 4,218 6,393 Foreign currency translation 388 - - 388 Share-based payments - (27) - (27) Transfer from accumulated profits - - 61,440 61,440 Transfer upon exercise of options - (127) - (127) Dividends declared - - (13,967) (13,967) Balance at 30 June 2024 1,916 493 51,691 54,100 Foreign currency translation 663 - - 663 Share-based payments - 56 - 56 Transfer from accumulated losses - - 1,078 1,078 Transfer upon exercise of options - (87) - (87) Dividends declared - - (13,978) (13,978) Balance at 30 June 2025 2,579 462 38,791 41,832 Foreign currency reserve The reserve is used to recognise exchange differences arising from the translation of the financial statements of foreign operations to Australian dollars. Options reserve The reserve is used to recognise the value of equity benefits provided to employees under the Employee Share Option Plan. General reserve The reserve is used to quarantine the Company's standalone accumulated profits generated in a reporting period. Note 15. Financial instruments The Consolidated Entity’s principal financial instruments comprise receivables, payables, cash and cash equivalents. 58 Cue Energy Resources Limited Annual Report 2025
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