Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 129

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 129
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 be measured reliably.

Recoverable amount is the higher of an asset’s
fair value less costs of disposal and value-in-use. The value-in-use is the present value of the estimated future cash flows relating
to the asset using a pre-tax discount rate specific to the asset or cash-generating unit to which the asset belongs. Assets that do not
have independent cash flows are grouped together to form a cash-generating unit.

Segments

The Company operates inonesegment. Management
does not segregate its business for internal reporting. The Company’s chief operating decision maker (“ CODM”) evaluates
the performance of its business based on financial data consistent with the presentation in the accompanying financial statements. The
Company concluded that its unified business is conducted globally and accordingly represents one operating segment.

Fair value of financial instruments

Liability included in the Company’s Consolidated statement
of financial position utilizes market observables inputs and data as far as possible. Inputs used in determining fair value measurement
are categorized into different levels based on how observable the inputs used in the valuation technique utilized are (the ‘fair value
hierarchy’):

  Level 1: Quoted priced in active markets for identical items  
  (unadjusted)                                                  
 ────────────────────────────────────────────────────────────────

  Level 2: Observable direct or indirect inputs other than  

  Level 3: Unobservable inputs (i.e., not derived from market  

The classification of an item into the
above levels is based on the lowest level of the inputs used that has a significant effect on the fair value measurement of the item.
Transfers of items between levels are recognized in the period they occur.

The Company measures the Financial liability (warrants) at fair value.
See note 3 and note 20.

F-16

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

Note 3. Critical accounting judgements, estimates and assumptions

The preparation of the financial statements
requires management to make judgements, estimates and assumptions that affect the reported amounts in the financial statements. Management
continually evaluates its judgements and estimates in relation to assets, liabilities, contingent liabilities, revenue and expenses.
Management bases its judgements, estimates and assumptions on historical experience and on other various factors, including expectations
of future events, management believes to be reasonable under the circumstances. The resulting accounting judgements and estimates will
seldom equal the related actual results. The judgements, estimates and assumptions that