b'Centaurus Metals Limited and its controlled entitiesCentaurus Metals Limited and its controlled entities CENTAURUS METALS ANNUAL REPORT 2024Financial Report 31 December 2024Financial Report 31 December 20245.12Provisions5.17Segment Reporting A provision is recognised if, as a result of a past event, the Group has a present legal or constructive obligation that can beAn operating segment is a component of the Group that engages in business activities from which it may earn revenues and estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. incur expenses, including revenues and expenses that relate to transactions with any of the Groups other components. All Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current marketoperating segment operating results are regularly reviewed by the Groups Managing Director to make decisions about assessments of the time value of money and the risks specific to the liability.The unwinding of the discount is recognisedresources to be allocated to the segment and assess its performance, and for which discrete financial information is as a finance cost.available. 5.13Finance Income and Finance CostsSegment results that are reported to the Managing Director include items directly attributable to a segment as well as those Finance income comprises interest income on funds invested, dividend income, gains on the disposal of debt securitiesthat can be allocated on a reasonable basis.Unallocated items comprise minimal, not material corporate assets (primarily measured at fair value through other comprehensive income, changes in the fair value of financial assets at fair valuethe Groups headquarters), head office expenses, and income tax assets and liabilities. Segment capital expenditure is the through profit and loss, and gains on hedging instruments that are recognised in profit or loss.Interest income is recognisedtotal cost incurred during the period to acquire property, plant and equipment, and intangible assets other than goodwill. as it accrues in profit or loss, using the effective interest method.Dividend income is recognised in profit or loss on the date5.18Government Grants that the Groups right to receive payment is established, which in the case of quoted securities is the ex-dividend date. Government grants that compensate the Group for expenses incurred are recognised in profit or loss as other income on a Finance costs comprise interest expense on borrowings, losses on the disposal of debt securities measured at fair valuesystematic basis in the periods in which the expenses are recognised, unless the conditions for receiving the grant are met through other comprehensive income, changes in the fair value of financial assets at fair value through profit or loss andafter the related expenses have been recognised. In this case, the grant is recognised when it becomes receivable. losses on hedging instruments that are recognised in profit or loss.Borrowing costs that are not directly attributable to the5.19Changes in Accounting Policiesacquisition, construction or production of a qualifying asset are recognised in profit or loss using the effective interest method.The Group has adopted the amendment to standards, including any consequential amendments to other standards, with a Foreign currency gains and losses are reported on a net basis.date of initial application of 1 January 2024. The adoption of these amendments did not have a significant impact on the Group.5.14Income Tax5.20New Standards and Interpretations Not Yet Adopted Income tax expense comprises current and deferred tax.Current and deferred tax is recognised in profit or loss except toCertain new accounting standards and interpretations have been published that are not mandatory for 31 December 2024 the extent that it relates to a business combination, or items recognised directly in equity or in other comprehensive income.reporting periods and have not been early adopted by the Group. These standards are not expected to have a material Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted orimpact on the entity in the current or future reporting periods and on foreseeable future transactions.substantively enacted at the reporting date and any adjustment to tax payable in respect of previous years.There are no other standards that are not yet effective and that would be expected to have a material impact on the entity Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities forin the current or future reporting period and on foreseeable future transactions.financial reporting purposes and the amounts used for taxation purposes. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, basedNote 6.Operating Segmentson the laws that have been enacted or substantively enacted by the reporting date.Deferred tax assets and liabilities areThe Group operates in the mineral exploration industry. For management purposes the Group is organised into one main offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to income taxes leviedoperating segment which involves the exploration of minerals. All of the Groups activities are interrelated and financial by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current taxinformation is reported to the Managing Director (Chief Operating Decision Maker) as a single segment. Accordingly, all liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously.significant operating decisions are based upon an analysis on the Group as one segment. The financial results and financial A deferred tax asset is recognised for unused tax losses, tax credits and deductible temporary differences, to the extent thatposition from this segment are largely equivalent to the financial statements of the Group as a whole. it is probable that future taxable profits will be available against which they can be utilised.Deferred tax assets are reviewed2024 2023at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised.Non-currentNon-current 5.15Goods and Services Tax and Equivalent Indirect TaxesGeographical Segment InformationAssets $Asset $ Revenue, expenses and assets are recognised net of the amount of goods and services tax (GST) and equivalent indirectBrazil20,135,06023,170,736 taxes, except where the amount of tax incurred is not recoverable from the taxation authority.In these circumstances, theAustralia809,429341,356 tax is recognised as part of the cost of acquisition of the asset or as part of the expense. Receivables and payables are stated20,944,48923,512,092 with the amount of tax included.The net amount of tax recoverable from, or payable to, the taxation authority is included as a current asset or liability in the balance sheet.Note 7.Other Income Cash flows are included in the statement of cash flows on a gross basis.The tax components of cash flows arising from2024 $2023 $ investing and financing activities which are recoverable from, or payable to, the tax authority are classified as operating cashR&D tax refund2,215,6811,304,766 flows.Rent17,643- 5.16Earnings per Share2,233,3241,304,766 The Group presents basic and diluted earnings per share (EPS) data for its ordinary shares.Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the Company by the weighted average number of ordinary shares outstanding during the period.Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding for the effects of all dilutive potential ordinary shares, which comprise listed options and share options granted to employees. 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