Westgold Resources Limited Annual Report 2020

95 Westgold Resources Limited Annual Report 2020 33. OPERATING SEGMENTS (CONTINUED) Other disclosures Capital expenditure consists of additions of property, plant and equipment, mine properties and development and exploration and evaluation expenditure including assets from the acquisition of subsidiaries. The following table presents revenue and profit information for reportable segments for the years ended 30 June 2020 and 30 June 2019. MGO CGO FGO Other Total Year ended 30 June 2020 External revenue Sale of gold at spot 94,889,987 85,345,963 83,789,150 – 264,025,100 Sale of gold under forward contracts 103,711,436 50,514,975 46,899,739 – 201,126,150 Sale of gold under a prepay facility 12,969,199 12,969,199 – – 25,938,398 Financing component on gold sales under prepay facility – – – – – Mining and contracting services – – – 1,178,623 1,178,623 Total segment revenue 211,570,622 148,830,137 130,688,889 1,178,623 492,268,271 Results Depreciation and amortisation (68,288,134) (45,259,226) (25,155,454) (900,123) (139,602,937) Exploration and evaluation expenditure written off (222,595) (98,152) (35,570) – (356,317) Segment (loss) profit 8,379,385 (12,641,721) 33,236,970 (734,293) 28,240,341 Total assets 189,724,542 301,119,381 113,175,719 13,077,793 617,097,435 Total liabilities (81,497,781) (72,469,552) (36,709,743) (62,890) (190,739,966) Capital expenditure (82,842,250) (99,721,650) (27,391,009) (994,176) (210,949,085) Year ended 30 June 2019 External revenue Sale of gold at spot 55,105,103 53,798,893 51,823,872 – 160,727,868 Sale of gold under forward contracts 98,997,256 64,741,709 52,165,824 – 215,904,789 Sale of gold under a prepayment facility 12,108,484 2,037,462 – – 14,145,946 Financing component on gold sales under prepay facility 1,749,375 116,625 – – 1,866,000 Mining and contracting services – – – 25,672,844 25,672,844 Total segment revenue 167,960,218 120,694,689 103,989,696 25,672,844 418,317,447 Results Depreciation and amortisation (51,704,059) (24,869,912) (20,720,491) (2,411,541) (99,706,003) Exploration and evaluation expenditure written off (2,393,064) (497,944) (150,864) (2,429,834) (5,471,706) Accumulated mill scats written off (11,491,150) (9,233) (127,801) – (11,628,184) Segment profit (loss) (20,392,555) (1,047,700) 15,722,413 (2,467,750) (8,185,592) Total assets 178,125,218 243,187,048 112,187,209 31,216,018 564,715,493 Total liabilities (58,344,581) (80,098,686) (28,359,223) (874,484) (167,676,974) Capital expenditure (52,958,699) (81,401,015) (21,699,381) (1,006,168) (157,065,263)