Nyrada Inc - Annual Report 2022

NYRADA INC (ASX:NYR) 56 22. Financial instruments (continued) Foreign currency riskmanagement The Consolidated Entity undertakes transactions denominated in foreign currencies; consequently, exposures to exchange rate fluctuations arise. At 30 June 2022, the Company has cash denominated in US dollars (US$1,689,791 (2021: US$3,089,998)). The A$ equivalent at 30 June 2022 is $2,450,841 (2021: $4,122,025). A 5% movement in foreign exchange rates would increase or decrease the Consolidated Entity’s loss before tax by approximately $122,956 (2021: $208,443). Liquidity riskmanagement Ultimate responsibility for liquidity risk management rests with the Board of Directors, which has established an appropriate liquidity risk management framework for the management of the consolidated entities short, medium and long-term funding and liquidity management requirements. The Consolidated Entity manages liquidity by maintaining adequate banking facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities. Carrying Amount Less than 1 month 1-3 months 3-12 months 1 year to 5 years Total contractual cash flows 2022 $ $ $ $ $ $ Trade and other payables 382,955 250,142 132,813 - - 382,955 23. Remuneration of auditors 2022 2021 $ $ Audit and review services William Buck Audit (Vic) Pty Ltd 35,000 33,500