Westgold Resources Limited Annual Report 2020

54 Westgold Resources Limited Annual Report 2020 as at 30 June 2020 Financial Report Consolidated Statement of Financial Position Notes 2020 2019 CURRENT ASSETS Cash and cash equivalents 10 137,564,914 67,196,289 Trade and other receivables 11 7,231,137 6,992,121 Inventories 12 43,948,165 45,502,914 Prepayments 13 3,369,998 1,336,486 Other financial assets 14 1,149,449 1,427,836 Total current assets 193,263,663 122,455,646 NON-CURRENT ASSETS Financial assets at fair value through profit and loss 15 13,000,000 56,210,813 Property, plant and equipment 16 161,893,032 175,572,503 Mine properties and development 17 298,513,129 218,207,334 Exploration and evaluation expenditure 18 78,874,701 104,276,449 Right-of-use assets 19 11,942,577 – Total non-current assets 564,223,439 554,267,099 TOTAL ASSETS 757,487,102 676,722,745 CURRENT LIABILITIES Trade and other payables 20 69,664,918 57,741,966 Provisions 21 9,786,926 7,963,523 Interest-bearing loans and borrowings 23 23,734,814 18,271,020 Unearned income 25 198,841 25,470,487 Total current liabilities 103,385,499 109,446,996 NON-CURRENT LIABILITIES Provisions 22 78,490,073 70,323,565 Interest-bearing loans and borrowings 24 14,091,636 18,465,857 Deferred tax liabilities 8 39,659,067 35,000,416 Total non-current liabilities 132,240,776 123,789,838 TOTAL LIABILITIES 235,626,275 233,236,834 NET ASSETS 521,860,827 443,485,911 EQUITY Issued capital 26 356,130,055 299,494,861 Accumulated losses 27 (30,229,223) (51,784,989) Share-based payments reserve 28 14,466,364 14,282,408 Other reserves 28 181,493,631 181,493,631 TOTAL EQUITY 521,860,827 443,485,911