Westgold Resources Limited Annual Report 2020

96 Westgold Resources Limited Annual Report 2020 Financial Report Notes to the Consolidated Financial Statements for the year ended 30 June 2020 33. OPERATING SEGMENTS (CONTINUED) (a) Reconciliation of profit (loss) 2020 2019 Segment profit (loss) 28,240,341 (8,185,592) Corporate administration expenses (7,915,557) (9,129,172) Corporate interest income 286,620 308,101 Corporate other income 2,603,081 5,072,352 Gain on demerger of subsidiary 8,727,618 – Net gain on fair value changes of financial assets 8,888,756 21,353,650 Net gain on sale of financial assets – 3,121,249 Net gain on disposal of assets 3,031,573 139,435 Total consolidated profit from continuing operations before income tax 43,862,432 12,680,023 (b) Reconciliation of assets Segment operating assets 617,097,435 564,715,493 Unallocated corporate assets Cash and cash equivalents 136,810,316 65,483,767 Trade and other receivables 170,765 944,183 Prepayments 525,681 378,462 Other financial assets 1,141,677 1,180,677 Financial assets (equity investments) – 43,210,813 Property, plant and equipment 709,025 809,350 Right-of-use assets 1,032,203 – Total consolidated assets 757,487,102 676,722,745 (c) Reconciliation of liabilities Segment operating liabilities 190,739,966 167,676,974 Unallocated corporate liabilities Trade and other payables 1,736,621 28,367,977 Provision for employee benefits 2,395,708 2,133,433 Interest-bearing loans and borrowings 1,094,913 58,034 Deferred tax liability 39,659,067 35,000,416 Total consolidated liabilities 235,626,275 233,236,834 (d) Segment revenue from external customers Segment revenue 492,268,271 418,317,447 Total revenue 492,268,271 418,317,447