Cue Energy Resources Limited Notes to the financial statements 30 June 2024 Note 4. Financial reporting by segments (continued) 40 Major customers The Group has a number of customers to whom it provides oil products, of which 64% (FY 2023: 63%) of revenue is supplied to one customer and 33% (FY 2023: 32%) another. The Group supplies gas to a number of external customers, one of which generates 45% (FY 2023: 51%) of revenue and 19% (FY 2023: 13%) another. Note 5. Revenue from operations Consolidated 30 June 2024 30 June 2023 $'000 $'000 Crude oil and condensate revenue 30,927 29,580 Natural gas revenue 18,732 22,025 49,659 51,605 Note 6. Production costs Consolidated 30 June 2024 30 June 2023 $'000 $'000 Production costs 13,320 16,716 Amortisation of production properties 6,309 6,005 19,629 22,721 Note 7. Corporate and administration expenses Consolidated 30 June 2024 30 June 2023 $'000 $'000 Employee expenses 1,586 1,200 Accounting and audit fees 775 597 Share based payments 112 96 Depreciation expense 91 94 Superannuation contribution expense 66 57 Business development expenses 66 13 Legal expenses 40 3 Other expenses 192 231 Communication expense 220 194 Total administration expenses 3,148 2,485 54 Cue Energy Resources Limited Annual Report 2024
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