NORTH077 Annual Report 2020 V5.2 DIGITAL

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NORTHERN MINERALS _ ANNUAL REPORT 2021
NORTHERN MINERALS LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
AS AT 30 June 2021
Note ISSUED
CAPITAL
ACCUMULATED
LOSSES
SHARE-BASED
PAYMENTS
RESERVE
PERFORMANCE
RIGHTS AND
OPTIONS
RESERVE
OTHER
RESERVES
TOTAL
$ $ $ $ $ $
Consolidated Entity
Balance at 1 July 2019 188,482,276 (190,207,648) 2,807,380 9,076,412 521,518 10,679,938
Loss for the period - (54,328,360) - - - (54,328,360)
Total comprehensive loss for the financial year - (54,328,360) - - - (54,328,360)
Transactions with owners in their capacity as
owners:
Shares issued net of transaction costs 11(a) 55,189,059 - - - - 55,189,059
Shares/options issued - - - (110,159) - (110,159)
Convertible notes issued - - - - 226,036 226,036
Balance at 30 June 2020 243,671,335 (244,536,008) 2,807,380 8,966,253 747,554 11,656,514
Balance at 1 July 2020 243,671,335 (244,536,008) 2,807,380 8,966,253 747,554 11,656,514
Loss for the financial year - (8,528,318) - - - (8,528,318)
Total comprehensive loss for the financial year - (8,528,318) - - - (8,528,318)
Transactions with owners in their capacity as
owners:
Shares issued net of transaction costs 11(a) 26,480,823 - - - - 26,480,823
Decrease in value of collateral shares issued - - - - (960,000) (960,000)
Shares/options issued - - - 348,129 - 348,129
Transfer of reserves to accumulated losses - 10,765,787 (2,807,380) (8,170,853) 212,446 -
Balance at 30 June 2021 270,152,158 (242,298,539) - 1,143,529 - 28,997,148
The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes
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