for the year ended 30 June 2023 FINANCIAL REPORT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 100 Westgold Resources Limited Annual Report 2023 34.RELATED PARTY DISCLOSURES (CONTINUED) (d) Transactions with related parties 2023 2022 Services provided by Westgold Resources Limited to Castile Resources Ltd – 4,967 Amount owing by Castile Resources Ltd at 30 June – 490 INFORMATION RELATING TO WESTGOLD RESOURCES LIMITED (THE PARENT ENTITY) 2023 2022 Current assets 180,149,671 184,435,649 Total assets 445,506,661 462,571,498 Current liabilities 11,748,033 6,680,412 Total liabilities 14,674,169 10,093,436 Issued capital 462,997,479 463,468,149 Retained earnings/(accumulated losses) (52,645,728) (31,431,802) Share-based payments reserve 16,923,957 15,884,932 Other reserves 4,556,783 4,556,783 Total Equity 431,832,491 452,478,062 Profit/(loss) of the parent entity (21,213,926) (11,379,797) Total comprehensive profit of the parent entity (21,213,926) (11,379,797) 35. G UARANTEES ENTERED INTO BY THE PARENT ENTITY IN RELATION TO THE DEBTS OF ITS SUBSIDIARIES. Pursuant to ASIC Corporations (Wholly owned Companies) Instrument 2016/785, Westgold and its wholly owned subsidiaries entered into a deed of cross guarantee on 28 November 2016 (the Guarantee). The effect of the Guarantee is that Westgold has guaranteed to pay any deficiency in the event of winding up of any controlled entity which is a party to the Guarantee or if they do not meet their obligations under the terms of any debt subject to the Guarantee. The controlled entities which are parties to the Guarantee have given a similar guarantee in the event that Westgold is wound up or if it does not meet its obligations under the terms of any debt subject to the Guarantee. The Consolidated Statement of Financial Position and Consolidated Statement of Comprehensive Income for the closed group is not different to the Group’s Statement of Financial Position and Statement of Comprehensive Income. Other contingent liabilities of the parent entity Nil Contractual commitments by the parent entity for the acquisition of property, plant or equipment Nil
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