Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 121

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 121
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052                                    
  Shares buyback (Small parcel plan) payments                                                                    -         ( 20,291                -  
  Repayment of lease liabilities                                                                         ( 218,550        ( 251,325        ( 236,466  
  Net cash provided by/ (used in) financing activities                                                   3,475,156        ( 271,616       13,326,365  
  Net Increase (decreased) in cash and cash equivalents and restricted cash                                241,681      ( 4,446,963        9,991,957  
  Cash and cash equivalents and restricted cash at the beginning of the financial year                   8,444,709       12,891,672        2,899,715  
  Cash and cash equivalents and restricted cash at the end of the financial year              11         8,686,390        8,444,709       12,891,672  

The above consolidated
statement of cash flows should be read in conjunction with the accompanying notes

F-11

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

Note 1. General information

The financial statements cover Mobilicom
Limited (the “ Company”) as a Group consisting of Mobilicom Limited and the entities it controlled at the end of, or
during, the year. On January 1, 2024, the Company transitioned from the Australian dollar (“ AUD”) as its presentation
currency to the U. S. dollar (‘ USD”) as its presentation currency. The change was accounted as a change of accounting
policy on a retrospective basis. In addition, commencing January 1, 2024, the Company transitioned from AUD as its functional
currency to USD as its functional currency. See note 2 for further details.

The functional currency of the Company ’s subsidiary, Mobilicom Ltd
(“ Mobilicom Israel”), is New Israeli Shekel (“ NIS”) and the functional currency of the Company ’s subsidiary,
Mobilicom Inc., is USD.

The Company uses the terms $, USD or US Dollar in this Annual
Report where refers to US Dollar, and AUD where refers to Australian dollars.

The Company is a listed public company limited
by shares, incorporated and domiciled in Australia. On October 19, 2023, the Company chose to voluntarily remove its ordinary shares
from the Australian Securities Exchange (“ ASX”) and trade exclusively on the NAS