Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 138

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 138
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                               As of                      
  December 31,                        December 31,               
  2024                                2023                       
  $                                   $                          
  Employee benefits      200,604                        202,151  

The
Company’s liabilities for severance pay retirement and pension pursuant to Israeli law and employment agreements are recognized by full
- in part by managers’ insurance policies, for which the Company makes monthly payments and accrued amounts in severance pay funds and
the rest by the liabilities which are included in the financial statements.

The
amounts funded displayed above include amounts deposited in severance pay funds with the addition of accrued income. According to the
Severance Pay Law, the aforementioned amounts may not be withdrawn or mortgaged as long as the employer’s obligations have not
been fulfilled in compliance with Israeli law.

F-26

  Mobilicom Limited                               
  Notes to the consolidated financial statements  
  December 31, 2024                               
 ──────────────────────────────────────────────────

Note 19. Non-current liabilities - employee benefits (continued)

Statement
of financial position amounts

The amounts
recognized in the statement of financial position determined as follows:

                                            Consolidated                              
                                            2024                                      
                                            $                                         
  Present value of the defined benefit                         233,954       228,625  
  Fair value of defined                                       ( 91,868      ( 82,176  
                                                               142,086       146,449  
  Other long-term obligations                                   58,518        55,702  
  Net liability in the statement                               200,604       202,151  

Movement
in plan assets:

                                                  Consolidated                           
                                                  2024                                   
                                                  $                                      
  Balance at the beginning of the                                   82,176       74,472  
  Interest income                                                    1,892        2,168  
  Contributions                                                      6,756        6,773  
  Return on plan assets (excluding interest)                         1,352          813  
  Foreign exchanges differences                                      ( 308      ( 2,050  
  Balance at the end of                                             91,868       82,176  

F-27

  Mobilicom Limited                               
  Notes to the consolidated financial statements  
  December 31, 2024                               
 ──────────────────────────────────────────────────

Note 19. Non-current liabilities - employee benefits (continued)

Reconciliations

                                                              Consolidated                             
                                                              2024                                     
                                                              $