Cue Energy Resources Limited Notes to the financial statements 30 June 2026 Note 10. Current assets - trade and other receivables (continued) 44 Allowance for expected credit losses The Consolidated Entity applies the AASB 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The consolidated entity has not recognised any losses in profit or loss in respect of the expected credit losses for the year ended 30 June 2026 (30 June 2025: Nil). The ageing of trade and other receivables at the reporting date was as follows: Consolidated 30 June 2026 30 June 2025 $'000 $'000 Not overdue 11,090 7,169 Less than one month 1,448 4,237 12,538 11,406 Trade and other receivables are not considered impaired and relate to a number of independent customers for whom there is no recent history of default. Note 11. Non-current assets - production and development properties Consolidated 30 June 2026 30 June 2025 $'000 $'000 Expenditure on production assets 64,257 71,151 Reconciliations A reconciliation of the written down values at the beginning and end of the current and previous financial year are set out below: Consolidated 30 June 2026 30 June 2025 Production properties $'000 $'000 Balance at 1 July 71,151 63,017 Additions during the year 8,031 16,502 Changes in restoration provision – production (note 12) 1,368 735 Amortisation expense (9,550) (9,013) Contract liabilities reversed (371) (368) Impairment of assets (4,405) - Changes in foreign currency translation (1,967) 278 Closing balance 30 June 64,257 71,151 During the year, impairment charges of $3.4 million and $1 million were recognised for Maari and Sampang respectively. There were no impairment charges at 30 June 2025. 57 Cue Energy Resources Limited Annual Report 2026
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