Announcement PDF Pure Foods Tasmania Limited (ASX : PFT) and Controlled Entities For the financial year ended 30 June 2025 FY25 ANNUAL REPORT Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2023 2 Table of Contents Table of Contents .....................................................................................................................2 Corporate Directory .................................................................................................................3 Who is Pure Foods Tasmania?.................................................................................................4 Executive Chairman’s Report...................................................................................................5 Directors’ Report.......................................................................................................................7 Remuneration Report ............................................................................................................11 Auditor’s Independence Declaration ....................................................................................16 Consolidated Statement of Profit or Loss and Other Comprehensive Income.................17 Consolidated Statement of Financial Position .....................................................................19 Consolidated Statement of Changes in Equity.....................................................................20 Consolidated Statement of Cash Flows ................................................................................21 Notes to and Forming Part of the Financial Statements.....................................................22 Consolidated Entity Disclosure Statement..............................................................................50 Independent Auditor’s Report...............................................................................................51 Key Business Risks..................................................................................................................55 Shareholder Information .......................................................................................................57 Corporate Directory Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2025 3 Corporate Directory Registered Office Level 2, 179 Murray Street Hobart, Tasmania 7000 Australia Postal Address 100-104 Mornington Road Mornington, Tasmania 7018 Australia Corporate Office 100-104 Mornington Road Mornington, Tasmania 7018 Tel: +61 (3) 6231 4233 Bankers Commonwealth Bank of Australia Share Registry Automic Registry Services Level 2, 267 St Georges Terrace Perth, Western Australia 6000 Australia Stock Exchange Listing Pure Foods Tasmania Limited is listed on the Australian Securities Exchange, code PFT. Auditor Wise Lord & Ferguson 160 Collins Street Hobart, Tasmania 7000 Australia Solicitors Page Seager 2/179 Murray Street Hobart, Tasmania 7000 Australia Board of Directors Malcolm McAully Executive Chairman Michael Cooper9 Managing Director and CEO Ken Fleming Non-Executive Director Robert Knight10 Non-Executive Director Justin Hill Company Secretary 9 Resigned October 2024. 10 Commenced October 2024 Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2025 3 Who is Pure Foods Tasmania? Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2025 4 Who is Pure Foods Tasmania? Pure Foods Tasmania Pty Ltd (PFT) was formed in 2015 with the aim to enhance and promote Tasmania’s food and beverage businesses. PFT’s strategy is to develop new products within its existing brands and , to acquire complementary brands and businesses and to increase its market penetration and distribution for its suite of brands and products globally. PFT’s stable of brands and businesses include Woodbridge Smokehouse, Tasmanian Pate, Daly Potato Co., and The Cashew Creamery. Strategy PFT’s growth strategy encompasses several key themes: 1. organically grow its existing brands; 2. improve margins and capacity of its production as products and brands reach scale; 3. secure key assets; and 4. grow via the acquisition of complementary/scalable products/brands/businesses to exploit product expansion opportunities. PFT brands are targeted at the “conscious consumer”, offering convenient home entertaining products with a uniquely Tasmanian focus. Organic growth will be achieved through increased penetration of existing markets, entry into new markets and new product development. Executive Chairman’s Report Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2025 5 Executive Chairman’s Report Overview FY25 was a transformative year for Pure Foods Tasmania (PFT). The implementation of strategies to build a leaner, more resilient and profitable business are beginning to take effect. We are shifting our focus from volume-driven growth to strategic profitability, disciplined cost management, and value creation for shareholders. We remain committed to our longer-term strategy of continuing to refine our operations, building sustainable profitability, and positioning the company for future growth. Financial Performance While reported revenue for FY25 was 7% lower than FY24 at $5.2m, this was the result of deliberate decisions to exit low-margin and unprofitable sales. The result has been a change in the quality of our earnings. Gross margin improved from just 1% in FY24 to approximately 16% in FY25, reflecting better product and customer mix. The net loss (after tax) narrowed to $2.8m from the FY24 $3.9m; FY25 included non-cash impairment of $300k and approximately $1m of one-off expenses, indicating noteworthy progress in turnaround efforts. Refinancing of borrowings to extend maturities and reduce near-term cash obligations alongside a comprehensive recapitalisation and balance sheet restructuring significantly reduced current liabilities, strengthened liquidity, and enhanced our financial flexibility to support future growth. Since the end of FY25 conversion of $1.19m debt to equity and capital raising of $1.76m, with all shares subject to 12 months voluntary escrow, provides additional liquidity to support growth initiatives and unlock opportunities. Key strategies in 2025 include: • Exiting unprofitable products • Targeted price increases and cost savings in inputs and logistics • Infrastructure review to support scalable growth • Continued pursuit of strategic acquisitions to enhance economies of scale. Executive Chairman’s Report Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2025 6 Outlook for FY26 PFT anticipates improved revenue and operational performance, with a continued emphasis on sustainability and cost alignment. While acquisition opportunities continue to be explored, the primary focus remains on strengthening the core business. Our People During this demanding period of realignment PFT Directors Robert Knight and Ken Fleming took on expanded roles to support sales and cost management across the business. Work in these areas is now coming to fruition with the successful national ranging expansion of the Tasmanian Pate brand with Coles Supermarkets. Based on current momentum, the expanded ranging is forecast to generate approximately $500k - $600k in annualised sales from Coles. On behalf of the Board, I commend our staff for their demonstrated resilience, flexibility and adaptability to changing circumstances. Turning around a company is only possible if you have a great team of dedicated people working together. We are confident that FY25 has marked the beginning of a new chapter – one defined by growth, profitability, and the creation of long-term shareholder value. On behalf of the Board Malcolm McAully Executive Chairman Pure Foods Tasmania Limited Date: 30 September 2025 Directors’ Report Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2024 7 Directors’ Report Pure Foods Tasmania Limited and its Controlled Entities Your Directors present their report on the consolidated entity (referred to herein as the Group) consisting of Pure Foods Tasmania Limited and its controlled entities for the financial year ended 30 June 2025. General Information Directors The following persons were Directors of the Group during or since the end of the financial year up to the date of this report: • Malcolm McAully Non-executive Chairman • Michael Cooper Managing Director1 • Ken Fleming Non-executive Director • Robert Knight Non-executive Director2 Company Secretary The company secretary for the year ended 30 June 2025 was Justin Hill. Dividends Paid or Recommended No dividends were paid or declared during the financial year. Indemnifying Officers or Auditor During the financial year, the Group paid a premium in respect of a contract insuring the Directors of the Group, the Group Secretary and all Executive Officers of the entity and any related body corporate against a liability incurred as a Director, Secretary or Executive Officer to the extent permitted by the Corporations Act 2001. The contract of insurance prohibits disclosure of the nature of the liability and the amount of the premium. The Group has not otherwise, during or since the financial year, indemnified or agreed to indemnify an officer or auditor of the Group or of any related corporate against a liability incurred as an officer or auditor. Proceedings on Behalf of the Group No person has applied for leave of court to bring proceedings on behalf of the Group or intervene in any proceedings to which the Group is a party for the purpose of taking responsibility on behalf of the Group for all or any part of those proceedings. The Group was not a party to any such proceedings during the year. 1 Resigned October 2024. 2 Commenced October 2024. Directors’ Report Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2024 8 Non-Audit Services The Board of Directors is satisfied that the provision of non-audit services during the year is compatible with the general standard of independence for auditors imposed by the Corporations Act 2001. The Directors are satisfied that the services disclosed below did not compromise the external auditor’s independence. The following fees were paid or payable to WLF Accounting & Advisory for non-audit services provided during the year ended 30 June 2024: Details $ Advisory taxation services 13,000 Accounting assistance 5,000 18,000 Auditor’s Independence Declaration The lead auditor’s independence declaration for the year ended 30 June 2025 has been received and can be found on page 16 of the financial report. Information Relating to Directors and Group Secretary Director Details and Experience Malcolm McAully Malcolm McAully is an experienced Company Director having held roles over a diverse range of industry backgrounds including financial services, energy generation, waste management, agribusiness, technology manufacturing, human resource management, property development and food manufacturing. Malcolm was the Chairman of ASX Listed Pinnacle VRB (ASX: PCE) from 2004 to 2005 and remained Chairman when the company (following an acquisition) changed its name to Cougar Energy Limited (ASX: CXY) until 2013 when he resigned. Malcolm is also Chairman of Chaucer Energy Limited and several privately owned companies. Malcolm has held various executive management positions including National Manager of MLC Life when owned by the Lend Lease Group. He holds an MBA and qualifications in accounting, business management, mediation, turn around management and GAICD. Ken Fleming Ken Fleming has extensive experience in capital markets and has held senior roles at Deutsche Bank (including Director; Global Co-ordinator – Telecommunications Technology), James Capel Australia and Tricom (Head of Research). He has also worked in the Australian public service (Canberra) and at KPMG (Melbourne). He is a Director of Castray Capital Pty Ltd and holds an Honours Degree in Economics and post graduate qualifications in economics and finance and is also a Fellow of the Financial Services Institute of Australia (FFIN). Robert Knight Robert Knight is a seasoned business leader based in Melbourne, originally from Tasmania, with deep expertise in marketing, retail, and entrepreneurship. He is currently completing an MBA at the University of Melbourne to further strengthen his strategic and leadership capabilities in support of Pure Foods Tasmania. Robert has founded, scaled, and exited multiple businesses across diverse industries, consistently driving growth and innovation. His operational strengths enable him to craft consumer-focused strategies that build brand value. With over a decade of successful investing in ASX and US markets, he brings strong financial acumen and a solid grasp of market dynamics. He has also led significant transactions with ASX-listed companies, giving him a robust understanding of public market operations. Directors’ Report Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2024 9 Director Details and Experience Justin Hill Justin is a Principal at Page Seager Lawyers – the largest law firm in Tasmania. Justin advises clients in several key industry sectors, including agribusiness, financial services, energy, and the not-for-profit sector. He specialises in mergers and acquisitions, governance and corporate structures and restructures. Justin also has significant experience in finance (including derivative transactions) and advising on raising capital for companies by way of equity and debt. He also assists with preparing contracts of employment and provides employment advice on transfer of businesses. Justin has a first-class honours degree in Commerce; a master’s in law from the University of Melbourne and a Graduate Diploma in Applied Finance and Investment. Before joining Page Seager as a Partner/Principal, Justin worked as in- house counsel for the investment banking division of Deutsche Bank in Sydney. Prior to working with Deutsche Bank, Justin was principal counsel in the institutional markets and investment division of National Australia Bank. Justin also practised for several years in the mergers and acquisitions team of Mallesons Stephen Jaques (now King & Wood Mallesons). Meetings of Directors During the financial year, 10 meetings of Directors (including committees of Directors) were held. Attendance by each Director during the year was as follows: Directors’ Meetings Eligible Meetings Meetings Attended Malcolm McAully 10 10 Michael Cooper 2 2 Ken Fleming 10 10 Robert Knight 8 8 Remuneration of Directors and Senior Management Information about the remuneration of Directors and senior management is set out in the Remuneration Report. Review of Operations and Principal Activities The Group's principal activities at the commence of the financial year are outlined in the Chairman's report and listed in the Events Subsequent to Balance Date. Operating Results The loss after tax of the Group for the financial year attributable to the members of Pure Foods Tasmania Limited was ($2.8m) (2024: ($3.9m)). Directors’ Report Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2024 10 State of Affairs and Likely Developments In the opinion of the Directors there were no significant changes in the state of affairs of the Group and its controlled entities that occurred during the financial year under review not otherwise disclosed in this report or the accompanying financial report. Reference should be made to the subsequent events note for changes in the state of affairs after balance date. In the light of these initiatives which, in essence, substantially improved the capital and operating base of the Company, the business risks, outlined below, have been, in the main, significantly mitigated: Events Subsequent to Balance Date Other than the events outlined within note 1(b) of the financial statements, the Board is not aware of any matter or circumstance not otherwise dealt within these financial statements that has significantly or may significantly affect the operation of the Group, the results of those operations, or the state of affairs of the Group in subsequent financial years. On behalf of the Directors Malcolm McAully Executive Chairman Date: 30 September 2025 Remuneration Report Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2024 11 Remuneration Report Remuneration Policy The remuneration policy of the Group has been designed to align key management personnel (KMP) objectives with shareholder and business objectives by providing a fixed remuneration component and offering specific long-term incentives based on key performance areas affecting the Group’s financial results. The Board of the Group believes the remuneration policy to be appropriate and effective in its ability to attract and retain high quality KMP to run and manage the Group, as well as create goal congruence between Directors, executives, and shareholders. The Board’s policy for determining the nature and amount of remuneration for KMP of the Group is based on the following: • The remuneration policy is to be developed by the Board after professional advice is sought from independent external consultants. • All KMP receive a base salary (which is based on factors such as length of service and experience), superannuation, fringe benefits, options, and performance incentives. • Performance incentives are generally only paid once predetermined key performance indicators (KPIs) have been met. • Incentives paid in the form of options or rights are intended to align the interests of the Directors and Group with those of the shareholders. In this regard, KMP are prohibited from limiting risk attached to those instruments by use of derivatives or other means. • The Board reviews KMP packages annually by reference to the Group’s performance, executive performance, and comparable information from industry sectors. The performance of KMP is measured against criteria agreed biannually with each executive and is based predominantly on the forecast growth of the Group’s profits and shareholders’ value. All bonuses and incentives must be linked to predetermined performance criteria. The Board may, however, exercise its discretion in relation to approving incentives, bonuses, and options. Any change must be justified by reference to measurable performance criteria. The policy is designed to attract the highest calibre of executives and reward them for performance results leading to long-term growth in shareholder wealth. KMP receive, at a minimum, a superannuation guarantee contribution required by the government, which, during the 2025 financial year was 11.5% of the individual’s average weekly ordinary time earnings (AWOTE). Some individuals, however, may choose to sacrifice part of their salary to increase payments towards superannuation. All remuneration paid to KMP is valued at the cost to the Group and expensed. Remuneration Report Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2024 12 Performance-based Remuneration KPIs are set annually, with a certain level of consultation with KMP. The measures are specifically tailored to the area each individual is involved in and has a level of control over. The KPIs target areas the Board believes hold greater potential for Group expansion and profit, covering financial and non-financial as well as short and long-term goals. The level set for each KPI is based on budgeted figures for the Group and respective industry standards. Performance Conditions Linked to Remuneration The Group seeks to emphasise reward incentives for results and continued commitment to the Group through the provision of various cash bonus reward schemes, specifically the incorporation of incentive payments based on the achievement of revenue targets, return on equity ratios and continued employment with the Group. Employment Details of Members of Key Management Personnel The term Key Management Personnel refers to those persons having the authority and responsibility for planning, directing, and controlling activities of the Group, directly or indirectly, and includes any Director of the Group (whether executive or otherwise). The KMP of the Group for the year ended 30 June 2025 were: Key Management Personnel Role Appointment Date Malcolm McAully Executive Chairman 1 September 2017 Michael Cooper Managing Director3 1 February 2017 Ken Fleming Non-executive Director 29 July 2015 Robert Knight Non-executive Director 14 October 2024 Phillip Excell Chief Financial Officer4 20 March 2023 3 Resigned October 2024. 4 Resigned September 2024. Remuneration Report Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2024 13 Remuneration Expense Details for the Year Ended 30 June 2025 Short-term benefits Post-employment benefits Long-term benefits Equity-settled share- based payments Cash-settled share-based payments Terminati on benefits Total Salary, fees, and leave Profit share and bonuses Non- monetary Pension and superannuation Other Incentive plans LSL Shares/units Options/ rights KMP Year $ $ $ $ $ $ $ $ $ $ $ $ Malcolm McAully 2025 50,000 - - 5,750 - - - - - - - 55,750 2024 50,000 - - 5,500 - - - - - - - 55,500 Michael Cooper5 2025 78,057 - - 6,095 - - - - - - - 84,152 2024 302,732 - - 33,000 - - - - - - - 335,732 Ken Fleming 2025 36,000 - - 4,140 - - - - - - - 40,140 2024 36,000 - - 3,960 - - - - - - - 39,960 Robert Knight6 2025 24,000 - - 2,760 - - - - - - - 26,760 2024 - - - - - - - - - - - - Phillip Excell7 2025 103,780 - - 6,187 - - - - - - - 109,967 2024 200,600 - - 22,000 - - - - - - - 222,600 Total KMP 2025 291,837 - - 24,932 - - - - - - - 316,769 2024 589,332 - - 64,460 - - - - - - - 653,792 Securities Received that are not Performance-Related No members of KMP are entitled to receive securities that are not performance-based as part of their remuneration package. 5 Resigned October 2024. 6 Commenced October 2024 7 Resigned September 2024. Remuneration Report Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2024 14 KMP Shareholdings The number of ordinary shares held by each KMP of the Group during the financial year is as follows: Balance at Beginning of the Year Granted as Remuneration During the Year Issued on Exercise of Options During the Year Purchases During the Year Balance at End of Year Malcolm McAully 2,880,404 - - - 2,880,404 Michael Cooper8 5,786,912 - - - 5,786,912 Ken Fleming 3,294,475 - - - 3,294,475 Robert Knight - - - 13,369,864 13,369,864 Phillip Excell 255,102 - - - 255,102 8 Includes indirect shareholdings. Remuneration Report Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2024 15 Other Equity-Related KMP Transactions There have been no other transactions involving equity instruments apart from those described in the tables above relating to options, rights, and shareholdings. Other Transactions with KMP and/or their Related Parties There were no other transactions conducted between the Group and KMP or their related parties, apart from those disclosed above relating to equity, compensation, and loans, that were conducted other than in accordance with normal employee, customer, or supplier relationships on terms no more favourable than those reasonably expected under arm’s length dealings with unrelated persons. Events Subsequent to the End of the Financial Year Since 30 June 2025, the Company has undertaken several significant initiatives to strengthen its financial position, reduce debt, and support the next phase of its turnaround and growth strategy. In July 2025, the Company completed a recapitalisation program totalling approximately $2.95m, comprising: • A $1.76m placement to sophisticated and professional investors at 2 cents per share, with 1-for-1 unquoted options exercisable at 5 cents and expiring two years from the date of issue; and • The conversion of approximately $1.19m of shareholder loans into equity on the same terms. These transactions have materially improved the Company’s balance sheet by reducing borrowings and providing additional working capital to fund core growth initiatives and operational efficiency programs. Operationally, the Company achieved a major commercial milestone with the national expansion of its Tasmanian Pâté brand within Coles Supermarkets. Distribution increased from approximately 300 stores to around 700 stores nationally, with initial September orders more than ten times higher than the average monthly orders under the previous ranging. The expansion is expected to deliver an annualised sales uplift of approximately $500,000 – $600,000, representing a meaningful increase on FY25 sales from this brand. In addition, the Company has consolidated the Daly Potato Co. production facility into its existing Mornington site, completing the relocation shortly after year end. This integration is expected to deliver further annualised savings of approximately $200,000 – $300,000 through reduced overheads, simplified logistics, and improved production efficiency. Together, these post-balance-date developments mark an important next phase in the Company’s turnaround. The recapitalisation and site consolidation have strengthened liquidity, reduced operating costs, and streamlined the production footprint, while the Coles national expansion has positioned the business for sustainable revenue growth and improved profitability in FY26. This Directors’ Report, incorporating the Remuneration Report, is signed in accordance with a resolution of the Board of Directors: Malcolm McAully Non-executive Chairman Date: 30 September 2025 Auditor’s Independence Declaration Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2024 16 Auditor’s Independence Declaration In relation to our audit of the consolidated financial report of Pure Foods Tasmania Limited for the financial year ended 30 June 2025, to the best of my knowledge and belief, there have been no contraventions of the auditor independence requirements in accordance with the Corporations Act 2001 and any applicable code of professional conduct. Wise Lord & Ferguson Rebecca Meredith Partner Wise Lord & Ferguson Date: 30 September 2025 Consolidated Statement of Profit or Loss and Other Comprehensive Income Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2024 17 Consolidated Statement of Profit or Loss and Other Comprehensive Income For the Year Ended 30 June 2025 Notes 2025 $ 2024 $ Revenue Revenue from continuing operations 6 5,168,366 7,442,902 Other income 6 218,512 51,816 Total Revenue 5,386,878 7,494,718 Expenses Cost of goods sold 7 4,346,327 7,346,394 Employment expenses 1,659,951 1,685,313 Occupancy, electricity, and telephone costs 172,022 238,066 Bad debts 11 798 Depreciation and amortisation 1,006,054 920,028 ASX listing fees and expenses 34,448 32,312 Finance costs 647,671 388,922 Impairment of assets 288,353 956,090 Insurance 167,588 194,891 Legal and professional fees 171,541 191,986 Marketing expenses 27,569 55,301 Motor vehicle expenses 20,226 35,999 Repairs and maintenance 184,948 283,780 Other expenses 323,383 405,110 Total Expenses 9,050,092 2,734,990 Net Loss Before Income Tax (3,663,214) (5,240,272) Income tax benefit 8 853,113 1,358,877 Net Loss After Tax for the Year from Continuing Operations (2,810,101) (3,881,395) Discontinued Operations Loss from discontinued operations after tax - (62,943) Net Loss After Tax for the Year (2,810,101) (3,944,338) Other Comprehensive Income Other comprehensive loss net of tax - - Total Comprehensive Income (2,810,101) (3,944,338) Consolidated Statement of Profit or Loss and Other Comprehensive Income Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2024 18 Notes 2025 $ 2024 $ Net Profit for the Period Attributable to: Non-controlling interest - - Owners of Pure Foods Tasmania Limited (2,810,101) (3,944,338) (2,810,101) (3,944,338) Total Comprehensive Income for the Year is Attributable to: Non-controlling interest - - Owners of Pure Foods Tasmania Limited (2,810,101) (3,944,338) (2,810,101) (3,944,338) Earnings per Share From Continuing and Discontinued Operations: Basic loss per share (cents per share) 4 (0.021) (0.033) Diluted loss per share (cents per share) 4 (0.021) (0.033) From Continuing Operations: Basic loss per share (cents per share) 4 (0.021) (0.033) Diluted loss per share (cents per share) 4 (0.021) (0.033) The above statement should be read in conjunctions with the accompanying notes. Consolidated Statement of Financial Position Pure Foods Tasmania Limited ABN 13 112 682 158 | Annual Report for the Financial Year ending 30 June 2024 19 Consolidated Statement of Financial Position As at 30 June 2025 Notes 2025 $ 2024 $ Current Assets Cash and cash equivalents 18 1,091,530 1,078,661 Trade and other receivables 9 355,945 867,967 Inventories 10 1,026,810 1,132,025 Other assets 186,924 72,932 Total Current Assets 2,661,209 3,151,585 Non-Current Assets Property, plant and equipment 11 5,609,248 6,358,925 Right of use assets 12 18,747 357,227 Intangible assets 13 1,286,900 1,603,276 Deferred tax assets 8 4,982,029 4,215,010 Total Non-Current Assets 11,896,924 12,534,438 Total Assets 14,558,133 15,686,023 Current liabilities Trade and other payables 14 1,470,857 1,222,396 Lease liabilit