103 Westgold Resources Limited Annual Report 2024 34. RELATED PARTY DISCLOSURES (CONTINUED) (d) Transactions with related parties There were no related party transactions during the year. INFORMATION RELATING TO WESTGOLD RESOURCES LIMITED (THE PARENT ENTITY) 2024 2023 Current assets 181,326,913 180,149,671 Total assets 536,766,679 445,506,661 Current liabilities 16,583,085 11,748,033 Total liabilities 18,937,591 14,674,169 Issued capital 462,597,009 462,997,479 Retained earnings/(accumulated losses) 30,384,364 (52,645,728) Share-based payments reserve 20,290,933 16,923,957 Other reserves 4,556,783 4,556,783 Total Equity 517,829,089 431,832,491 Loss of the parent entity (12,903,894) (21,213,926) Total comprehensive loss of the parent entity (12,903,894) (21,213,926) 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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