Westgold Resources Limited Annual Report 2021

66 Westgold Resources Limited Annual Report 2021 for the year ended 30 June 2021 FINANCIAL REPORT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 4. F INANCIAL 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 2021 Financial assets Cash and cash equivalents 150,684,029 – – 150,684,029 Trade and other receivables – – 7,466,095 7,466,095 Other financial assets – 1,149,449 – 1,149,449 150,684,029 1,149,449 7,466,095 159,299,573 Financial liabilities Trade and other payables – – (83,783,431) (83,783,431) Lease liabilities – (7,338,534) – (7,338,534) Interest-bearing liabilities – (37,737,304) – (37,737,304) – (45,075,838) (83,783,431) (128,859,269) Net financial assets 30,440,304 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 20,231,137 158,945,500 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 liabilities 51,454,132 Interest rate risk exposure Post tax profit higher (lower) Other Comprehensive Income higher (lower) 30 June 2021 30 June 2020 30 June 2021 30 June 2020 Judgements of reasonably possible movements: + 0.5% (50 basis points) 527,394 481,477 – – - 0.5% (50 basis points) (527,394) (481,477) – –