NYRADA INC. (ASX:NYR) 54 The Consolidated Entity's risk management policies and objectives are therefore designed to minimise the potential impacts of these risks on the Consolidated Entity where such impacts may be material. The Board receives monthly financial reports through which it reviews the effectiveness of the processes put in place and the appropriateness of the objectives and policies it sets. The overall objective of the Board is to set policies that seek to reduce risk as far as possible without unduly affecting the Consolidated Entity's competitiveness and flexibility. Foreign currency risk The Consolidated Entity is exposed to foreign currency risk arising from cash balances and trade and other payables denominated in currencies other than the functional currency. The primary exposure is to United States dollars (USD). The Consolidated Entity monitors its foreign currency exposures on an ongoing basis and does not currently enter into derivative financial instruments to hedge foreign currency risk. Liquidity risk management 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 entity's 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 2026 $ $ $ $ $ $ Trade and other payables 590,262 507,544 82,718 - - 590,262 Carrying amount Less than 1 month 1-3 months 3-12 months 1 year to 5 years Total contractual cash flows 2025 $ $ $ $ $ $ Trade and other payables 1,481,750 1,390,814 90,934 - - 1,481,748 22. Remuneration of auditors 2026 2025 $ $ Full-year Audit and review services - William Buck Audit (Vic) Pty Ltd 32,900 30,500 Half-year audit and review services - William Buck Audit (Vic) Pty Ltd 22,174 17,000 55,074 47,500 Half-year review services relate to the reviews of the financial reports for the half-years ended 31 December 2025 and 31 December 2024.
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