77 Westgold Resources Limited Annual Report 2022 12. INVENTORIES (current) 2022 2021 Ore stocks at net realisable value 37,699,414 13,906,060 Gold in circuit at cost 20,870,066 15,529,300 Gold metal at cost – 161,235 Stores and spares at cost 44,208,485 34,250,915 Provision for obsolete stores and spares (6,695,876) (4,718,142) Total inventories at lower of cost and net realisable value 96,082,089 59,129,368 During the year there were write-downs in inventories of $10,252,203 (2021: $6,175,664) from continuing operations for the Group. This is included in cost of sales refer to Note 7(a). 13. PREPAYMENTS (current) 2022 2021 Prepayments 5,427,078 4,035,977 5,427,078 4,035,977 14. OTHER FINANCIAL ASSETS (current) 2022 2021 Cash on deposit 1,930,033 1,149,449 1,930,033 1,149,449 The cash on deposit is interest bearing and is used as security for bank guarantees. 15. FINANCIAL ASSETS 2022 2021 Listed shares - Australian 6,799,309 6,423,091 6,799,309 6,423,091 Movement in Listed Shares At 1 July 6,423,091 – Additions of listed shares 2,390,258 5,986,129 Proceeds on disposal of financial assets – (265,178) Net gain (loss) on fair value changes of financial assets (2,014,040) 702,140 At 30 June 6,799,309 6,423,091 Movement in Royalties Receivable At 1 July – 13,000,000 Net gain on financial assets at FVTPL – 4,500,000 Settlement of Mount Marion lithium royalty – (17,500,000) Settlement of Buldania royalty – – At 30 June – –
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