Aeris Annual Report 2022

Aeris Resources Limited
Notes to the consolidated financial statements
30 June 2022
38. Critical accounting judgements, estimates and assumptions (continued)
Estimation for the provision for rehabilitation and dismantling
Provision for rehabilitation and dismantling of property, plant and equipment is estimated taking into consideration facts
and circumstances available at the balance sheet date. This estimate is based on the expenditure required to undertake
the rehabilitation and dismantling, taking into consideration time value. This requires the use of estimates and
judgements in relation to a range of inputs including:
● Mineral Resources and Ore Reserves, and mine planning scheduling;
● Production costs; and
● Discount rates.
Impairment of non-financial assets
The consolidated entity considers annually whether there have been any indicators of impairment and then tests whether
or not non-current assets have suffered an impairment, in accordance with the accounting policy stated in note 37.
This requires the use of estimates and judgements in relation to a range of inputs including:
● Commodity prices;
● Exchange rates;
● Mineral Resources and Ore Reserves, and mine planning scheduling;
● Production costs; and
● Discount rates.
Refer to note 11 for additional detail regarding the estimates and judgements applied to impairment testing carried out
during the year ended 30 June 2022.
Recoverability of deferred tax assets
In determining the recoverability of deferred tax assets, management prepare and review an analysis of estimated future
results which support the future realisation of the deferred tax assets. The estimated future results are derived from
estimates also used for impairment assessments referred to in the notes to the consolidated financial statements. To the
extent that cash flows and taxable income differ significantly from estimates, the ability of the consolidated entity to
realise recognised deferred tax assets would be impacted.
51
ADVANCING AERIS
127