Cue Energy Resources Limited Notes to the financial statements 30 June 2026 Note 15. Financial instruments (continued) 51 30 June 2025 12 months or less 1 to 2 years 2 to 5 years More than 5 years Non-derivative financial liabilities $'000 $'000 $'000 $'000 Trade and other payables 5,225 - - - Lease liabilities 76 182 - - (f) Credit risk Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Consolidated Entity. The maximum exposure to credit risk at the reporting date to recognised financial assets is the carrying amount, net of any provisions for impairment of those assets, as disclosed in the statement of financial position and notes to the financial statements. The Consolidated Entity trades only with recognised, creditworthy third parties, and as such collateral is not requested nor is it the Consolidated Entity’s policy to securitise its trade and other receivables. It is the Consolidated Entity’s policy that all customers who wish to trade on credit terms are subject to credit verification procedures which could include an assessment of their independent credit rating, financial position, past experience and industry reputation. The risks are regularly monitored. Generally, trade receivables are written off when there is no reasonable expectation of recovery. Indicators of this include the failure of a debtor to engage in a repayment plan, no active enforcement activity and a failure to make contractual payments for a period greater than one year. Note 16. Key management personnel disclosures and related party disclosures Directors The following persons were directors of Cue Energy Resources Limited during the financial year: Alastair McGregor (Non-executive Chair) Andrew Jefferies (Non-Executive Director) Peter Hood AO (Non-Executive Director) Richard Malcolm (Non-Executive Director) Rod Ritchie (Non-Executive Director) Samuel Kellner (Non-Executive Director) Marco Argentieri (Non-Executive Director) Greg Bishop (Non-Executive Director) Appointed 22 October 2025 Director Fee Details $ Total directors' fees paid for the year ended 30 Jun 2026 545,852 Amount invoiced but not paid 99,686 645,538 Key management personnel The following person also had the authority and responsibility for planning, directing and controlling the major activities of the Consolidated Entity, directly or indirectly, during the financial year: Matthew Boyall (Chief Executive Officer) Total remuneration payments and equity issued to Directors and key management personnel are summarised below: 64 Cue Energy Resources Limited Annual Report 2026
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