91 Westgold Resources Limited Annual Report 2024 24. INTEREST-BEARING LOANS AND BORROWINGS (non-current) (CONTINUED) Non-current (continued) Interest bearing liabilities Minimum payments Present value of payments 2023 Within one year 14,525,399 13,831,644 After one year but not more than five years 8,421,478 8,063,702 Total minimum payments 22,946,877 21,895,346 Less amounts representing finance charges (1,051,531) – Present value of minimum payments 21,895,346 21,895,346 Lease liabilities AASB 16 Leases requires the recognition of right-of-use assets for the remaining term of the current leases for office premises and the warehouse facility, as well as the power stations and equipment at the various mine sites. Lease liabilities Minimum lease payments Present value of lease payments 2024 Within one year 1,323,647 1,319,140 After one year but not more than five years 3,011,735 2,345,470 Total minimum lease payments 4,335,382 3,664,610 Less amounts representing finance charges (670,772) – Present value of minimum lease payments 3,664,610 3,664,610 Lease liabilities Minimum lease payments Present value of lease payments 2023 Within one year 2,417,295 2,111,143 After one year but not more than five years 4,190,794 3,484,329 Total minimum lease payments 6,608,089 5,595,472 Less amounts representing finance charges (1,012,617) – Present value of minimum lease payments 5,595,472 5,595,472
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