Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 133

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 133
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Note 12. Current assets - trade and other receivables, net

                         Consolidated                                              
                         As of                          As of                      
                         December 31,                   December 31,               
                         2024                           2023                       
                         $                              $                          
  Trade receivables                        752,584                        664,315  
  Other receivables                        196,641                        313,263  
                                           949,225                        977,578  

Accounting
policy for trade and other receivables

Trade
receivables are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method,
less any allowance for expected credit losses. Trade receivables are generally due for settlement within 30 days.

The Company applies the IFRS 9 simplified approach to measuring expected
credit losses using a lifetime expected credit loss provision for trade receivables. To measure expected credit losses on a collective
basis, trade receivables are grouped based on similar credit risk and aging. Based on the Company’s measurement the allowance for
expected credit losses or overdue balances was found immaterial and was not accounted for in the financial statements.

Other receivables
are recognised at amortised cost, less any allowance for expected credit losses.

F-21

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

Note 13. Current assets - inventories

                                  Consolidated                                                
                                  As of                           As of                       
                                  December 31,                    December 31,                
                                  2024                            2023                        
                                  $                               $                           
  Finished goods - at cost                           382,906                         425,149  
  Raw materials- at cost                             540,598                         531,178  
  Accrual for slow inventory                        ( 30,622                        ( 21,548  
                                                     892,882                         934,779  

Accounting
policy for inventories

Inventories
are recognised at the lower of cost and net realisable value.

Inventories cost is based on a weighted average method.

Note 14. Non-current assets - property, plant and equipment, net

                                              Consolidated                                                  
                                              As of                            As of                        
                                              December 31,                     December 31,                 
                                              2024                             2023                         
                                              $                                $                            
  Computer equipment - at cost                                    213,397                          191,974