for the year ended 30 June 2022 FINANCIAL REPORT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 68 Westgold Resources Limited Annual Report 2022 4. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) The remaining contractual maturities of the Group’s financial liabilities are: 2022 2021 6 months or less (100,990,852) (97,943,429) 6 - 12 months (11,321,798) (9,402,276) 1 - 5 years (21,558,211) (22,875,599) Over 5 years – – (133,870,861) (130,221,304) Maturity analysis of financial assets and liabilities based on management’s expectation The risk implied from the values shown in the table below reflects a balanced view of cash inflows and outflows. Leasing obligations, trade payables and other financial liabilities mainly originate from the financing of assets used in our ongoing operations such as property, plant, equipment and investments of working capital e.g. inventories and trade receivables. To 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. <6months 6-12 months 1-5 years >5 years Total 2022 Financial assets Cash and equivalents 183,178,708 – – – 183,178,708 Trade and other receivables 7,122,734 – – – 7,122,734 Other financial assets 1,930,033 – – – 1,930,033 192,231,475 – – – 192,231,475 Financial liabilities Trade and other payables (88,017,524) – – – (88,017,524) Lease liabilities (3,685,953) (2,887,530) (5,879,451) – (12,452,934) Interest-bearing loans (9,287,375) (8,434,268) (15,678,760) – (33,400,403) (100,990,852) (11,321,798) (21,558,211) – (133,870,861) Net inflow/(outflow) 91,240,623 (11,321,798) (21,558,211) – 58,360,614 2021 Financial assets Cash and equivalents 151,074,769 – – – 151,074,769 Trade and other receivables 7,466,095 – – – 7,466,095 Other financial assets 1,149,449 – – – 1,149,449 159,690,313 – – – 159,690,313 Financial liabilities Trade and other payables (83,783,431) – – – (83,783,431) Lease liabilities (4,308,744) (1,315,528) (1,941,010) – (7,565,282) Interest-bearing loans (9,851,254) (8,086,748) (20,934,589) – (38,872,591) (97,943,429) (9,402,276) (22,875,599) – (130,221,304) Net inflow/(outflow) 61,746,884 (9,402,276) (22,875,599) – 29,469,009
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