20974 29Metals AR23 WEB V1 - Flipbook - Page 104
29Metals 2023 Annual Report
100
Directors’ Report continued
29Metals Appendix 4E and Annual Financial Report for 29Metals Limited and its Controlled Entities for the year ended 31 December 2023
25
Directors’ Report
Operating and Financial Review
(NLAT)/Net Profit After Tax (‘NPAT’)
For the year ended 31 December
2023
2022
VAR
$’000
ther inco e
$’000
et loss on eri ati e inancial instru ents
$’000
et oreign e change loss
$’000
inistration e penses
$’000
ther e penses
E tre e
00
0
(
0)
(
$’000
(
(
0
(
)
(
)
(
)
)
)
)
(
)
0
(
)
eather E ent
– ther inco e – nsurance procee s
$’000
– ther inco e – procee s ro sale o gas
$’000
– eco er e penses
$’000
– n entories –
000
0
000
0
(
0 )
0
(
0 )
rite o n
$’000
(
0)
0
(
0)
– epreciation an a ortisation
$’000
(
0 )
0
(
0 )
– sset i pair ent e pense
$’000
pair ent e pense relating to apricorn opper cash generating unit (‘
’)
rite o o e ploration an e aluation e pen iture
et inance costs
000)
0
$’000
( 0 000)
0
$’000
( 0 )
0
$’000
0
$’000
(
(
(
000)
( 0 000)
( 0 )
0
)
(
)
( 0
)
(
)
$’000
nco e ta (e pense) bene it
Earnings per share (‘
$’000
▪
a$
0 000 loss ( 0
he ges
▪
$
▪
$
loss o $
000 ( 0
000) in realise an unrealise
$
0 )
0
cents
(
’) (Basic)
he Group recor e a loss be ore inco e ta e pense o $
(
$’000
)
(
)
000) inclu ing
eri ati e inancial instru ent losses attributable to the Group’s pre
0 000 relating to the i pacts o the E tre e
―
$
0 000 or eco er E penses incurre
―
$
0 000 or the
―
$
―
a$
―
$
―
$
rite o n o
eather E ent at apricorn opper co prising
uring the eporting erio
in entories (as reporte at the hal
ear)
0 000
000 000 non cash asset i pair ent e pense as a result o
a age or loss to assets (as reporte at the hal
ear)
000 000 in insurance procee s reporte as other inco e an
000 other inco e ro
the on sale o gas un er the apricorn opper long ter
non cash i pair ent charges o $
other e penses o $
000 relate to an esti ate increase in sta p ut pa able in relation to the ac uisition o the Gol en Gro e
ul 0
e er to ote
an
000 ( 0
$
0 000 000 in relation to the apricorn opper G
gas suppl arrange ents
▪
$
gol
000 ( 0
$
000) in a inistration e penses co prising corporate hea o ice costs Group insurance costs an other e penses
irectl relating to o site a inistration e penses
▪
▪
( 0 )
as reporte at the hal
ear (re er belo )
Group on
000) net inance costs re lecting the i pact o higher interest rates uring the eporting erio
ue to uncertainties ith respect to the ti e ra es or utilising accu ulate ta losses
etals has e recognise
s o $ 0 000 at
ec 0
he e recognition is recor e as inco e ta e pense or the eporting erio
ccor ingl no inco e ta bene it has been recognise in connection
ith ta losses incurre or the eporting erio
or the eporting erio
25
as $
0
000 ( 0
$
000)
