Westgold Resources Limited Annual Report 2020

72 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) Maturity analysis of financial assets and liabilities based on management’s expectation The risk implied from the values shown in the table below reflects a balanced view of cash inflows and outflows. Leasing obligations, trade payables and other financial liabilities mainly originate from the financing of assets used in our ongoing operations such as property, plant, equipment and investments of working capital e.g. inventories and trade receivables. To monitor existing financial assets and liabilities, as well as to enable effective controlling of future risks, management monitors its Group’s expected settlement of financial assets and liabilities on an ongoing basis. <6 months 6-12 months 1-5 years >5 years Total 2020 Financial assets Cash and equivalents 138,486,771 – – – 138,486,771 Trade and other receivables 7,231,137 – – – 7,231,137 Royalties receivable – – 3,795,334 9,204,666 13,000,000 Other financial assets 1,149,449 – – – 1,149,449 146,867,357 – 3,795,334 9,204,666 159,867,357 Financial liabilities Trade and other payables (69,664,918) – – – (69,664,918) Lease liabilities (4,448,934) (3,306,613) (4,982,152) – (12,737,699) Interest-bearing loans (9,234,624) (7,916,329) (9,560,264) – (26,711,217) (83,348,476) (11,222,942) (14,542,416) – (109,113,834) Net inflow/(outflow) 63,518,881 (11,222,942) (10,747,082) 9,204,666 50,753,523 2019 Financial assets Cash and equivalents 67,982,985 – – – 67,982,985 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 76,402,942 – 15,000,000 – 91,402,942 Financial liabilities Trade and other payables (57,741,966) – – – (57,741,966) Interest-bearing loans (10,251,462) (9,104,584) (19,562,452) – (38,918,498) (67,993,428) (9,104,584) (19,562,452) – (96,660,464) Net inflow/(outflow) 8,409,514 (9,104,584) (4,562,452) – (5,257,522) (f) Fair values For all financial assets and liabilities recognised in the Consolidated Statement of Financial Position, carrying amount approximates fair value unless otherwise stated in the applicable notes. The methods for estimating fair value are outlined in the relevant notes to the financial statements.