Company: COOT
Filing Date: 2025-05-09
Form Type: S-1/A
Source: 0001641172-25-009369
Chunk: 163

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-09
Form: S-1/A
Chunk 163
---
 |            |     | AUD$ |           |
|                                |     |      |            |     |      |  Restated |
| CURRENT                        |     |      |            |     |      |           |
| Related parties - payable      |     |      |    589,166 |     |      | 4,936,423 |
| Trade payables                 |     |      |  9,866,518 |     |      | 1,776,345 |
| Total trade and other payables |     |      | 10,455,684 |     |      | 6,712,768 |

Trade and other payables are unsecured, non-interest bearing and are normally settled within 30 days. The carrying value of trade and other payables is considered a reasonable approximation of fair value due to the short-term nature of the balances. The increase in trade payables from yearend 2024 over 2023 is attributable to the post-closing of the business combination through which the Company inherited approximately $ 5.9million in accounts payable to various service providers including investor banker, legal counsels, auditor and accounting advisor.

12 Borrowings

Secured bank loan

The Company obtained an AUD$14
million bank facility to fund the expansion of the Cootamundra facility. The Company has deployed the AUD$14 million bank facility as
follows: (i) AUD$4 million was allocated for equipment finance, (ii) AUD$8 million for working capital to purchase canola seed with max
trade advance tenor of 120 days with BBSY plus 1.5% margin rate per annum, and (iii) AUD$2 million for interest only loan over three years
with interest rate of variable base rate minus a margin of 3.48% per annum for business growth and working capital related to the crushing
plant’s expansion.

On February 14, 2024, the Company issued a note for
an equipment loan to the Commonwealth Bank of Australia in an aggregate principal amount of AUD$4,000,000 (the “Secured Bank Loan”).
The note has a term of 60 months and a variable interest rate of 7.95%. The Secured Bank loan is payable in twenty (20) quarterly payments
of AUD$244,643, commencing on May 19, 2024. Commonwealth Bank of Australia, as senior lender, has a total of $2 million secured by first
mortgages over