Westgold Resources Limited Annual Report 2020

70 Westgold Resources Limited Annual Report 2020 Financial Report Notes to the Consolidated Financial Statements for the year ended 30 June 2020 4. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Risk exposures and responses (continued) At the reporting date the Group’s exposure to interest rate risk for classes of financial assets and financial liabilities is set out below. Floating interest rate Fixed interest Non-interest bearing Total carrying amount 2020 Financial assets Cash and cash equivalents 137,218,827 346,087 – 137,564,914 Trade and other receivables – – 7,231,137 7,231,137 Royalties receivable – – 13,000,000 13,000,000 Other financial assets – 1,149,449 – 1,149,449 137,218,827 1,495,536 7,231,137 158,945,500 Financial liabilities Trade and other payables – – (69,664,918) (69,664,918) Lease liabilities – (12,222,659) – (12,222,659) Interest-bearing liabilities – (25,603,791) – (25,603,791) – (37,826,450) (69,024,918) (107,491,368) Net financial assets – – – 51,454,132 2019 Financial assets Cash and cash equivalents 67,196,289 – – 67,196,289 Trade and other receivables – – 6,992,121 6,992,121 Royalties receivable – – 15,000,000 15,000,000 Other financial assets – 1,427,836 – 1,427,836 67,196,289 1,427,836 6,992,121 90,616,246 Financial liabilities Trade and other payables – – (57,741,966) (57,741,966) Interest-bearing liabilities – (36,736,877) – (36,736,877) – (36,736,877) (57,491,966) (94,478,843) Net financial liabilities (3,862,597) Interest rate risk exposure Post tax profit higher (lower) Other Comprehensive Income higher (lower) 30 June 2020 30 June 2019 30 June 2020 30 June 2019 Judgements of reasonably possible movements: + 0.5% (50 basis points) 481,477 235,187 – – - 0.5% (50 basis points) (481,477) (235,187) – –