Westgold Resources Limited Annual Report 2021

70 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) Interest rate risk exposure (continued) (g) Changes in liabilities arising from financing activities Opening Cash flows New leases Reclassi- fication adjustment Closing Lease liability 2021 Current obligations 7,425,093 (8,346,056) 920,963 5,469,969 5,469,969 Non-current obligations 4,797,566 – 2,540,968 (5,469,969) 1,868,565 Total liabilities 12,222,659 (8,346,056) 3,461,931 – 7,338,534 2020 Current obligations 6,031,093 (7,753,813) 1,722,720 7,425,093 7,425,093 Non-current obligations 6,935,551 – 5,287,108 (7,425,093) 4,797,566 Total liabilities 12,966,644 (7,753,813) 7,009,828 – 12,222,659 Opening Cash flows Additions Reclassi- fication adjustment Closing Interest bearing liability 2021 Current obligations 16,309,721 (22,245,203) 5,935,482 17,492,098 17,492,098 Non-current obligations 9,294,070 – 28,443,234 (17,492,098) 20,245,206 Total liabilities 25,603,791 (22,245,203) 34,378,716 – 37,737,304 2020 Current obligations 18,271,020 (19,331,761) 1,060,741 16,309,721 16,309,721 Non-current obligations 18,465,857 – 7,137,934 (16,309,721) 9,294,070 Total liabilities 36,736,877 (19,331,761) 8,198,675 – 25,603,791