for the year ended 30 June 2023 FINANCIAL REPORT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 78 Westgold Resources Limited Annual Report 2023 12. INVENTORIES (current) 2023 2022 Ore stocks at net realisable value 25,577,725 37,699,414 Gold in circuit at cost 16,293,902 20,870,066 Gold metal at cost 3,901,481 – Stores and spares at cost 44,459,486 44,208,485 Provision for obsolete stores and spares (7,493,121) (6,695,876) Total inventories at lower of cost and net realisable value 82,739,473 96,082,089 During the year there were no write-downs in inventories (2022: $10,252,203) from continuing operations for the Group. This is included in cost of sales refer to Note 7(a). 13. PREPAYMENTS (current) 2023 2022 Prepayments 6,449,836 5,427,078 6,449,836 5,427,078 Prepayments include insurances, software licenses and subscriptions. 14. OTHER FINANCIAL ASSETS (current) 2023 2022 Cash on deposit 4,149,443 1,930,033 4,149,443 1,930,033 The cash on deposit is interest bearing and is used as security for bank guarantees. 15. FINANCIAL ASSETS 2023 2022 Listed shares - Australian 8,157,712 6,799,309 8,157,712 6,799,309 Movement in Listed Shares At 1 July 6,799,309 6,423,091 Additions of listed shares 1,955,248 2,390,258 Proceeds on disposal of financial assets (476,062) – Loss on disposal of financial assets (125,218) – Net gain /(loss) on fair value changes of financial assets 4,435 (2,014,040) At 30 June 8,157,712 6,799,309
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