Aeris Annual Report 2022

Aeris Resources Limited
Notes to the consolidated financial statements
30 June 2022
13. Trade and other payables
2022 2021
$'000 $'000
Current liabilities
Trade payables 30,975 26,891
Other payables and accrued expenses 25,734 42,058
The 30 June 2021 balances have been reclassified for consistency with the current year presentation.
Refer to note 22 for further information on financial instruments.
56,709 68,949
Accounting policy for trade and other payables
These amounts represent liabilities for goods and services provided to the consolidated entity prior to the end of the
financial year, which are unpaid. The amounts are unsecured and are usually paid between 30 and 45 days of recognition.
Trade and other payables are presented as current liabilities unless payment is not due within 12 months from the
reporting date. They are recognised initially at their fair value and subsequently measured at amortised cost using the
effective interest method.
14. Borrowings
2022 2021
$'000 $'000
Current liabilities
Secured: Loans 41 2,115
Non-current liabilities
Secured: Loans 317 25,277
Refer to note 22 for further information on financial instruments.
358 27,392
In July 2021, the consolidated entity repaid the outstanding balance (US$20.25 million) of its senior debt (Tranche A
Facility) with Special Portfolio Opportunity V Limited (SPOV).
At the same time, the consolidated entity entered into a facility agreement with Australia and New Zealand Banking
Group Limited (ANZ) that comprises of:
● a $35 million Contingent Instrument Facility;
● a $20 million Working Capital Facility; and
● unsecured hedging lines for gold (refer to note 16 for information regarding utilisation of this facility as at 30 June
2022).
The ANZ facilities have subsequently been renewed with the Contingent Instrument Facility increased to $45 million,
upon completion of the Round Oak Minerals acquisition.
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