20974 29Metals AR23 WEB V1 - Flipbook - Page 157
2023 key
results
78
Chair letter and
CEO report
About
29Metals
Our
assets
Sustainability
& ESG Report
Mineral Resources
and Ore Reserves
Annual
Financial Report
153
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 9: Taxes (continued)
(b) Deferred tax assets
Note
2023
2022
$’000
$’000
pening balance
Debited
0 2
redited to profit or loss
0 2
ro ision for emplo ee benefits
2 03
ro ision for rehabilitation and restoration
1
ropert plant and e uipment
1 23
apitalised expenditure
3
1
2 3
0
0
2
1
0
12
Tax loss carried for ard
120 31
ther
xploration expenditure
ine properties
1
1
3
13 02
3
1
3 1
11
ther
1
2
et deferred tax assets – prior ear de recognised
11
0
0 2
et deferred tax assets – current ear not recognised
112
–
The Group’s net deferred tax assets recognised at 31 December 2023 amounted to $nil 2022 $
et deferred tax assets amounting to $112
0 2 000
000 for the ear ended 31 December 2023 ha e not been recognised in the current period
The Group’s unrecognised deferred tax assets at 31 December 2023 include $120 31 000 relating to tax losses carried for ard 31 December 2022
$ 1
000
The deferred tax assets recognised at 31 December 2022 of $ 0 2 000 as de recognised in the ear ended 31 December 2023 based on the Group’s
assessment that the utilisation of the tax losses is not probable
n addition tax losses relating to apricorn opper of $1
12 000 $
3 000 tax effected at 31 December 2023 ha e not been recognised because
2 etals has assessed that the utilisation of these tax losses is not probable The unrecognised tax losses are sub ect to an a ailable fraction tax loss
utilisation rate
78
