Aeris Annual Report 2022
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<strong>Aeris</strong> Resources Limited<br />
Notes to the consolidated financial statements<br />
30 June <strong>2022</strong><br />
29. Parent entity information (continued)<br />
Statement of financial position<br />
Parent<br />
<strong>2022</strong> 2021<br />
$'000 $'000<br />
Total current assets 114,260 63,423<br />
Total non-current assets 126,571 132,919<br />
Total assets 240,831 196,342<br />
Total current liabilities 4,734 13,007<br />
Total non-current liabilities 583 789<br />
Total liabilities 5,317 13,796<br />
Net assets 235,514 182,546<br />
Equity<br />
Issued capital 604,910 509,888<br />
Hedging reserve - cash flow hedges (417) (2,549)<br />
Share-based payments reserve 5,259 4,349<br />
Accumulated losses (374,238) (329,142)<br />
Total equity 235,514 182,546<br />
Guarantees entered into by the parent entity in relation to the debts of its subsidiaries<br />
The parent entity has provided financial guarantees in respect of performance bonds for work commitments on mining<br />
and mineral exploration tenements, for the parent entity and its subsidiaries, secured by cash deposits amounting to $nil<br />
(2021: $39,000) with other cash backed financial guarantees of $nil (2021: $230,244), which together totalled $nil (2021:<br />
$269,244).<br />
The parent has provided guarantees under the facility agreement with Australia and New Zealand Banking Group Limited<br />
(ANZ) that comprises of:<br />
● a $35 million Contingent Instrument Facility;<br />
● a $20 million Working Capital Facility; and<br />
● unsecured hedging lines for gold (refer to note 16 for information regarding utilisation of this facility as at 30 June<br />
<strong>2022</strong>).<br />
The ANZ facilities have subsequently been renewed with the Contingent Instrument Facility increased to A$45 million.<br />
The parent entity and all its wholly-owned subsidiaries are party to a deed of cross guarantee under which each company<br />
guarantees the debts of the others. No deficiencies of assets exist in any of these subsidiaries.<br />
Contingent liabilities<br />
The parent entity had no contingent liabilities as at 30 June <strong>2022</strong> and 30 June 2021.<br />
AERIS ANNUAL REPORT <strong>2022</strong><br />
Capital commitments - Property, plant and equipment<br />
The parent entity had no capital commitments for property, plant and equipment as at 30 June <strong>2022</strong> and 30 June 2021.<br />
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