for the year ended 30 June 2022 FINANCIAL REPORT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 70 Westgold Resources Limited Annual Report 2022 4. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) (f) Changes in liabilities arising from financing activities Opening Cash flows New leases Reclassi- fication adjustment Closing Lease liability 2022 Current obligations 5,469,969 (9,037,306) 3,567,337 6,004,390 6,004,390 Non-current obligations 1,868,565 – 9,040,788 (6,004,390) 4,904,963 Total liabilities 7,338,534 (9,037,306) 12,608,125 – 10,909,353 2021 Current obligations 7,425,093 (8,346,056) 920,963 5,469,969 5,469,969 Non-current obligations 4,797,566 – 2,540,968 (5,469,969) 1,868,565 Total liabilities 12,222,659 (8,346,056) 3,461,931 – 7,338,534 Opening Cash flows Additions Reclassi- fication adjustment Closing Interest bearing liability 2022 Current obligations 17,492,098 (28,133,801) 10,641,703 16,837,629 16,837,629 Non-current obligations 20,245,206 – 11,805,252 (16,837,629) 15,212,829 Total liabilities 37,737,304 (28,133,801) 22,446,955 – 32,050,458 2021 Current obligations 16,309,721 (22,245,203) 5,935,482 17,492,098 17,492,098 Non-current obligations 9,294,070 – 28,443,234 (17,492,098) 20,245,206 Total liabilities 25,603,791 (22,245,203) 34,378,716 – 37,737,304
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