97 Westgold Resources Limited Annual Report 2023 32. OPERATING SEGMENTS (CONTINUED) (a) Reconciliation of profit/(loss) 2023 2022 Segment profit/(loss) 20,315,049 25,766,975 Corporate administration expenses (17,369,902) (12,967,460) Corporate interest income 3,447,526 266,150 Corporate other income 3,295,285 3,080,833 Net gain/(loss) on fair value changes of financial assets 4,435 (2,014,040) Net gain/(loss) on sale of financial assets at FVTPL (190,939) – Net gain/(loss) on disposal of assets 4,448,016 1,316,434 Impairment of mine properties and property plant and equipment – (175,535,410) Total consolidated profit (loss)/from continuing operations before income tax 13,949,470 (160,086,518) (b) Reconciliation of assets Segment operating assets 610,453,807 631,070,832 Unallocated corporate assets Cash and cash equivalents 175,101,708 181,738,509 Trade and other receivables 548,612 458,822 Prepayments 953,768 912,144 Other financial assets 3,545,584 1,326,174 Financial assets (equity investments) 8,157,712 6,799,309 Property, plant and equipment 11,540,680 1,374,246 Right-of-use assets 2,949,966 3,494,538 Total consolidated assets 813,251,837 827,174,574 (c) Reconciliation of liabilities Segment operating liabilities 170,127,995 203,619,962 Unallocated corporate liabilities Trade and other payables 8,907,103 4,045,805 Provision for employee benefits 2,354,042 2,482,343 Interest-bearing loans and borrowings 3,413,026 3,565,290 Deferred tax liability 30,110,371 25,693,717 Total consolidated liabilities 214,912,537 239,407,117 (d) Segment revenue from external customers Segment revenue 654,371,234 647,576,618 Total revenue 654,371,234 647,576,618
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