Westgold Resources Limited Annual Report 2021

73 Westgold Resources Limited Annual Report 2021 7. EXPENSES (CONTINUED) 2021 2020 (c) Other expenses Administration expenses Employee benefits expense Salaries and wages expense 5,171,086 4,343,331 Directors' fees and other benefits 477,552 288,200 Other employee benefits 71,664 95,295 Share-based payments expense 800,132 183,956 6,520,434 4,910,782 Other administration expenses Consulting expenses 1,477,317 1,359,535 Travel and accommodation expenses 83,184 191,333 Other costs 895,838 606,845 2,456,339 2,157,713 Depreciation expense Property plant and equipment 335,981 344,501 Right-of-use assets 516,028 502,561 852,009 847,062 Total administration expenses 9,828,782 7,915,557 Other expenses Net loss on sale of assets 1,053,154 – 1,053,154 – Total other expenses 10,881,936 7,915,557 8. INCOME TAX 2021 2020 (a) Major components of income tax expense: Income Statement Current income tax expense Current income tax expense 8,157,254 7,140,285 Adjustment in respect of current income tax of previous years – 332,296 Deferred income tax Relating to origination and reversal of temporary differences 26,811,823 3,040,207 Adjustment in respect of prior year tax losses / DTA 172,111 (1,257,671) Income tax for continuing and discontinuing operations 35,141,188 9,255,117 (b) Amounts charged or credited directly to equity Share issue costs 426,282 (336,228) 426,282 (336,228)