for the year ended 30 June 2023 FINANCIAL REPORT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 70 Westgold Resources Limited Annual Report 2023 4. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Interest rate risk exposure (continued) (f) Changes in liabilities arising from financing activities Opening Cash flows New leases Reclassi- fication adjustment Closing Lease liability 2023 Current obligations 6,004,390 (6,493,657) 489,267 2,111,143 2,111,143 Non-current obligations 4,904,963 – 690,509 (2,111,143) 3,484,329 Total liabilities 10,909,353 (6,493,657) 1,179,776 – 5,595,472 2022 Current obligations 5,469,969 (9,037,306) 3,567,337 6,004,390 6,004,390 Non-current obligations 1,868,565 – 9,040,788 (6,004,390) 4,904,963 Total liabilities 7,338,534 (9,037,306) 12,608,125 – 10,909,353 Opening Cash flows Additions Reclassi- fication adjustment Closing Interest bearing liability 2023 Current obligations 16,837,629 (10,155,112) (6,682,516) 13,831,644 13,831,645 Non-current obligations 15,212,829 – 6,682,516 (13,831,644) 8,063,701 Total liabilities 32,050,458 (10,155,113) – – 21,895,346 2022 Current obligations 17,492,098 (28,133,801) 10,641,703 16,837,629 16,837,629 Non-current obligations 20,245,206 – 11,805,252 (16,837,629) 15,212,829 Total liabilities 37,737,304 (28,133,801) 22,446,955 – 32,050,458
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