20974 29Metals AR23 WEB V1 - Flipbook - Page 147
2023 key
results
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Chair letter and
CEO report
About
29Metals
Our
assets
Sustainability
& ESG Report
Mineral Resources
and Ore Reserves
Annual
Financial Report
143
29Metals Appendix 4E and Annual Financial Report for 29Metals Limited and its Controlled Entities for the year ended 31 December 2023
Consolidated Financial Statements
Note 4: Accounting policies (continued)
(c) Goods and services tax
Revenues, expenses and assets are recognised net of the amount of goods and services tax (â'^dâ , except here the amount of
incurred is not
recovera e from the taxation authorit n these circumstances, the
is recognised as part of the cost of ac uisition of the asset or as part of the
expense
Receiva es and pa a es are stated ith the amount of
inc uded he net amount of
recovera e from, or pa a e to, the ustra ian ax ffice
(âdKâ is inc uded as a current asset or ia i it in the onso idated tatement of inancia osition
ash f o s are inc uded in the onso idated tatement of ash o s on a gross asis and the
components of cash f o s arising from investing and
financing activities, hich are recovera e from or pa a e to the
, are c assified as operating cash f o s
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