Aeris Annual Report 2022

Aeris Resources Limited
Notes to the consolidated financial statements
30 June 2022
3. Expenses (continued)
2022 2021
$'000 $'000
Other expenses
Movement in financial assets at fair value through profit or loss 1,439 444
Loss on disposal and write-off of fixed assets - 11
Loss on disposal of subsidiary - 2,238
Total other expenses 1,439 2,693
Impairment loss
Impairment of exploration 4,349 -
Net finance costs
Interest expense for borrowings at amortised cost 324 7,364
Interest expense for leasing arrangements 554 525
Other net interest and finance charges 2,432 2,025
Unwinding of discounts on provisions 2,677 1,717
Total net finance costs 5,987 11,631
Included within the above functional classifications are the following:
2022 2021
$'000 $'000
Employee benefit expenses 93,865 88,482
Superannuation expense 8,190 7,775
102,055 96,257
4. Income tax
2022 2021
$'000 $'000
Numerical reconciliation of income tax expense and tax at the statutory rate
Profit before income tax expense 6,010 61,240
Tax at the statutory tax rate of 30% 1,803 18,372
Tax effect amounts which are not deductible/(taxable) in calculating taxable income:
Share-based payments 273 301
Equity raising and transaction costs (291) 697
Other 911 1,502
2,696 20,872
Current year tax losses not recognised (2,696) -
Current year temporary differences not recognised - (2,721)
Utilisation of prior year tax losses - (18,151)
Income tax expense - -
AERIS ANNUAL REPORT 2022
10
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