75 Westgold Resources Limited Annual Report 2024 monitor existing financial assets and liabilities, as well as to enable effective controlling of future risks, management monitors its Group’s expected settlement of financial assets and liabilities on an ongoing basis. <6 months 6-12 months 1-5 years >5 years Total 2024 FINANCIAL ASSETS Cash and equivalents 236,039,162 – – – 236,039,162 Trade and other receivables 906,749 – – – 906,749 Other financial assets 1,649,443 – – – 1,649,443 238,595,354 – – – 238,595,354 FINANCIAL LIABILITIES Trade and other payables (148,035,107) – – – (148,035,107) Lease liabilities (916,262) (407,385) (3,011,735) (4,335,382) Interest-bearing loans (11,347,232) (9,915,118) (30,576,280) – (51,838,630) (160,298,601) (10,322,503) (33,588,015) – (204,209,119) NET INFLOW/(OUTFLOW) 78,296,753 (10,322,503) (33,588,015) – 34,386,235 2023 FINANCIAL ASSETS Cash and equivalents 180,928,394 – – – 180,928,394 Trade and other receivables 995,927 – – – 995,927 Other financial assets 4,149,443 – – – 4,149,443 186,073,764 – – – 186,073,764 FINANCIAL LIABILITIES Trade and other payables (79,227,398) – – – (79,227,398) Lease liabilities (1,640,546) (776,749) (4,190,794) (6,608,089) Interest–bearing loans (8,720,808) (5,804,591) (8,421,478) – (22,946,877) (89,588,752) (6,581,340) (12,612,272) – (108,782,364) Net inflow/(outflow) 96,485,012 (6,581,340) (12,612,272) – 77,291,400 (e) Fair values For all financial assets and liabilities recognised in the Consolidated Statement of Financial Position, carrying amount approximates fair value unless otherwise stated in the applicable notes. The methods for estimating fair value are outlined in the relevant notes to the financial statements. The Group uses various methods in estimating the fair value of a financial instrument. The methods comprise: Level 1 – the fair value is calculated using quoted prices in active markets. Level 2 – the fair value is estimated using inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly (as prices) or indirectly (derived from price). Level 3 – the fair value is estimated using inputs for the asset or liability that are not based on observable market data. 4. F INANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Risk exposures and responses (continued)
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