83 2022 ANNUAL REPORT Notes to the CONSOLIDATED FINANCIAL STATEMENTS for the year ended 30 June 2022 (cont.) 34 DEED OF CROSS GUARANTEE (cont.) (b) Statement of Financial Position CLOSED GROUP YEAR ENDED 30 June 2022 30 June 2021 $’000 $’000 Assets Cash and cash equivalents 32,474 17,374 Trade and other receivables 18,880 9,858 Inventories 41,415 26,572 Total current assets 92,769 53,804 Property, plant and equipment 303,378 136,814 Mine properties 131,273 62,882 Exploration and evaluation assets 41,133 37,135 Trade and other receivables 7,380 50,490 Intangible assets 291 230 Investments 658 658 Total non-current assets 484,113 288,209 Total assets 576,882 342,013 Liabilities Trade and other payables 64,987 40,953 Employee benefits 8,316 5,498 Income tax payable - - Borrowings 19,376 - Lease liabilities 18,490 3,529 Total current liabilities 111,169 49,980 Employee benefits 739 421 Provisions 47,681 52,926 Borrowings 152,894 - Lease liabilities 81,604 6,624 Deferred tax liability - 1,533 Total non-current liabilities 282,918 61,504 Total liabilities 394,087 111,484 Net assets 182,795 230,529 Equity Contributed equity 445,411 444,877 Other equity 930 930 Reserves 35,938 34,041 Accumulated losses (299,484) (249,319) Total equity 182,795 230,529
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