NORTH077 Annual Report 2020 V5.2 DIGITAL

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74 NORTHERN MINERALS _ ANNUAL REPORT 2021 9. Financial Risk Management (continued) NORTHERN MINERALS LIMITED NOTES TO THE FINANCIAL STATEMENTS Impact on post tax profit/(loss) 2021 $ Impact on post tax profit/(loss) 2020 $ US / $ exchange rate – increase 10% (24,240) (52,358) US / $ exchange rate – decrease 10% 26,664 57,594 Amounts recognised in the statement of profit or loss During the year the following foreign exchange related amounts were recognised in the statement of profit or loss: 2021 $ 2020 $ Net foreign exchange gain included in other income 3,955 - Foreign exchange loss in administration expenses (48,313) (31,292) Net foreign exchange gain/(loss) (44,358) (31,292) Cash flow and fair value interest rate risk Interest rate risk in relation to the fair value or future cash flow may arise from interest rate fluctuations. The Group's exposure to interest rate risk and the effective weighted average interest rate for classes is set out below: 30 June 2021 Financial Assets Weighted average interest rate Floating Interest Rate Fixed Interest Non-Interest Bearing Total % $ $ $ $ Cash and cash equivalents 0.06% 19,416,212 - 481,208 19,897,420 Trade and other receivables - - - 4,396,282 4,396,282 Other financial assets 0.72% - 74,138 - 74,138 Total financial assets 19,416,212 74,138 4,877,490 24,367,840 Financial Liabilities Trade and other payables - - - 935,545 935,545 Interest bearing liabilities 2.90% - 16,884 - 16,884 Total financial liabilities - 16,884 935,545 952,429 42
75 NORTHERN MINERALS LIMITED NOTES TO THE FINANCIAL STATEMENTS 9. Financial Risk Management (continued) 30 June 2020 Financial Assets Weighted average interest rate Floating Interest Rate Fixed Interest Non-Interest Bearing Total % $ $ $ $ Cash and cash equivalents 0.14% 6,370,318 - 290,250 6,660,568 Trade and other receivables - - - 21,134,166 21,134,166 Other financial assets 1.55% - 60,523 - 60,523 Total financial assets 6,370,318 60,523 21,424,416 27,855,257 Financial Liabilities Trade and other payables - - - 7,662,553 7,662,553 Interest bearing liabilities 7.20% - 5,853,678 - 5,853,678 Total financial liabilities - 5,853,678 7,662,553 13,516,231 Financial assets are subject to underlying interbank cash rate movements as determined by the Reserve Bank of Australia. The impact of a material movement of +/- 1% in the underlying cash rate will not have a material impact on revenue and therefore shareholder equity. The assumed movement in basis point volatility for the interest rate sensitivity analysis is based on the observable market movements in interest rates in the recent past which have been relatively stable. b) Credit Risk Credit risk is managed on a Group basis. Credit risk arises from cash and cash equivalents and deposits with banks and financial institutions, as well as credit exposure relating to outstanding receivables and committed transactions. The Group has minimal credit risk with regards to its bank held deposits which are all held with reputable institutions. The Group has minimal credit risk in relation to its receivables. The maximum exposure to credit risk at the reporting date is the carrying amount of the receivables. Collateral is not held as security. There are no significant concentrations of credit risk within the Group. c) Liquidity Risk Prudent liquidity risk management implies maintaining sufficient cash and the availability of funding through an adequate amount of committed credit facilities. The Group manages liquidity risk by continuously monitoring forecast and actual cash flows and matching the maturity profiles of financial assets and liabilities. Group management aims at maintaining flexibility in funding by keeping committed credit lines available. 43 NORTHERN MINERALS _ ANNUAL REPORT 2021
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2021 ANNUAL REPORT
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1 Chairman’s Report NORTHERN MINE
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3 CEO’S Report NORTHERN MINERALS
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5 Ore Sorter: The ore sorting syste
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7 ENVIROMMENT, SOCIAL & GOVERNANCE
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9 field team to conduct pre-clearan
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11 Executive Team Our executive tea
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13 COO Report NORTHERN MINERALS _ A
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15 Commissioned: The ore sorter cir
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17 rare earths into groups of produ
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19 EXPLORATION & GEOLOGY REPORT The
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21 The high-grade mineralisation oc
Page 25 and 26: 23 Figure 5: Banshee Prospect Drill
Page 27 and 28: 25 Browns Range Northern Territory
Page 29 and 30: 27 Ore Reserve and Mineral Resource
Page 31 and 32: 29 Mineral Resource The Mineral Res
Page 33 and 34: 31 Comparison with previous years O
Page 35 and 36: 33 NORTHERN MINERALS LIMITED DIRECT
Page 47 and 48: 45 4. Service agreements NORTHERN M
Page 57 and 58: 55 NORTHERN MINERALS LIMITED CONSOL
Page 59 and 60: 57 NORTHERN MINERALS LIMITED CONSOL
Page 61 and 62: 59 2. Basis of Preparation (continu
Page 63 and 64: 61 NORTHERN MINERALS LIMITED NOTES
Page 65 and 66: 63 7. Income Tax Expense NORTHERN M
Page 75: 73 9. Financial Risk Management (co
Page 79 and 80: 77 9. Financial Risk Management (co
Page 87 and 88: 85 11. Equity (continued) (i) Ordin
Page 95 and 96: 93 17. Share-based Payments (contin
Page 99 and 100: 97 19. Earnings per share NORTHERN
Page 101 and 102: 99 21. Segment Information NORTHERN
Page 105 and 106: 103 Auditor’s independence declar
Page 107 and 108: 105 Key audit matter How our audit
Page 109 and 110: 107 From the matters communicated w
Page 111 and 112: 109 Project Location Tenement ID St
Page 113 and 114: 111 b) Twenty largest shareholders
Page 115 and 116: 113 CORPORATE DIRECTORY Northern Mi
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NORTH077 Annual Report 2020 V5.2 DIGITAL

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