Westgold Resources Limited Annual Report 2021

50 Westgold Resources Limited Annual Report 2021 as at 30 June 2021 FINANCIAL REPORT CONSOLIDATED STATEMENT OF FINANCIAL POSITION Notes 2021 2020 CURRENT ASSETS Cash and cash equivalents 10 150,684,029 137,564,914 Trade and other receivables 11 7,466,095 7,231,137 Inventories 12 59,129,368 43,948,165 Prepayments 13 4,035,977 3,369,998 Other financial assets 14 1,149,449 1,149,449 Total current assets 222,464,918 193,263,663 NON-CURRENT ASSETS Financial assets at fair value through profit and loss 15 6,423,091 13,000,000 Property, plant and equipment 16 166,748,178 161,893,032 Mine properties and development 17 407,335,920 298,513,129 Exploration and evaluation expenditure 18 89,738,936 78,874,701 Right-of-use assets 19 7,258,887 11,942,577 Total non-current assets 677,505,012 564,223,439 TOTAL ASSETS 899,969,930 757,487,102 CURRENT LIABILITIES Trade and other payables 20 83,783,431 69,664,918 Provisions 21 11,405,262 9,786,926 Interest-bearing loans and borrowings 23 22,962,067 23,734,814 Unearned income 25 – 198,841 Total current liabilities 118,150,760 103,385,499 NON-CURRENT LIABILITIES Provisions 22 77,118,556 78,490,073 Interest-bearing loans and borrowings 24 22,113,771 14,091,636 Deferred tax liabilities 8 75,226,536 39,659,067 Total non-current liabilities 174,458,863 132,240,776 TOTAL LIABILITIES 292,609,623 235,626,275 NET ASSETS 607,360,307 521,860,827 EQUITY Issued capital 26 364,077,523 356,130,055 Retained earnings (accumulated losses) 27 46,522,657 (30,229,223) Share-based payments reserve 28 15,266,496 14,466,364 Other reserves 28 181,493,631 181,493,631 TOTAL EQUITY 607,360,307 521,860,827 C