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 2024Expenses Arising from Share Based Payment TransactionsNote 11.Dividends 2024 $2023 $There were no dividends paid or declared during the period (2023: nil). Total expense recognized as share based paymentshare op]ons1,077,8371,107,770Note 12.Earnings/(Loss) per Share Note 10.Income Tax12.1Basic Loss per Share10.1Numerical Reconciliation of Income Tax Expense to Prima Facie Tax PayableThe calculation of basic and diluted earnings per share at 31 December 2024 was based on the loss attributable to ordinary 2024 $2023 $shareholders of $18,445,636 (2023: $40,740,002) and a weighted average number of ordinary shares outstanding of Loss from con]nuing opera]ons before income tax expense(18,445,636)(40,740,002)495,845,110 (2023: 455,019,721), calculated as follows: Tax at the Australian tax rate of 30% (2023: 30%)(5,533,691)(12,222,001)12.2Loss Attributable to Ordinary Shareholders Tax eect of amount which are not deduc]ble/ (taxable) in calcula]ng taxable2024 $2023 $ income:Loss anributable to the shareholders(18,455,636)(40,740,002) Overseas project genera]on and review costs2,515,1393,627,569 Share-based payments323,351332,33112.3Weighted Average Number of Ordinary Shares Non assessable grant income(664,704)(391,430)2024 $2023 $ Sundry items75,788(728,700)Issued ordinary shares at beginning of period494,857,633427,106,273 (3,284,117)(9,382,231)Eect of shares issued987,47727,913,448 Eect of tax rates in foreign jurisdic]ons (85,616)(89,821)Weighted average number of ordinary shares at the end of the period495,845,110455,019,721 Eect of change in tax rate-(329,216) Under provision from prior year(1,179,024)(884,093)Loss per share (cents)(3.72)(8.95) Deferred tax assets not recognised4,548,75710,685,361Diluted loss per share (cents)(3.72)(8.95) Income tax benet, being deferred tax12.4Diluted Earnings per Share 10.2Tax LossesPotential ordinary shares were not considered to be dilutive as the Group made a loss for the year ended 31 December 2024 2024 $2023 $and the exercise of potential shares would not increase that loss. Tax losses75,233,62770,390,246 Poten]al tax benet (between 30-34%)23,563,77822,185,048Note 13.Cash and Cash Equivalents The tax losses do not expire under current tax legislation.Deferred tax assets have not been recognised in respect of2024 $2023 $ remaining tax losses because it is not probable that future taxable profit will be available against which the Group can utiliseCash at bank and on hand218,612418,727 the benefit.Depositsshort term17,824,77634,255,125 10.3Deferred Tax Assets 18,043,38834,673,852 The following deferred tax balances have not been recognised:The deposits are bearing floating and fixed interest rates between 4.40% & 4.98% in Australia and 10.83% & 11.40% in Brazil (2023: between 4.40% & 5.05% Australia and 11.75% & 12.34% Brazil). 2024 $2023 $ Deferred Tax AssetsNote 14.Reconciliation of Cash Flows from Operating Activities Explora]on expenditure28,098,59131,400,3502024 $2023 $ Accrued expenses/ provisions13,487,7176,897,365Loss for the period(18,445,636)(40,740,002) Transac]on costs rela]ng to issue of capital242,607361,173Adjustments for: Tax losses carried forward (net of tax losses u]lised)23,563,77822,185,048Deprecia]on619,723849,976 Poten]al tax benet (between 30-34%)65,392,69360,843,936Non-cash employee benets expenseshare based payments1,077,8371,107,770 The tax benefits of the above deferred tax assets will only be obtained if:Loss on sale of mineral assets-27,277 4The Company derives future assessable income of a nature and of an amount sufficient to enable the benefit to beLoss on sale of plant and equipment107,178- utilised;Operating loss before changes in working capital and provisions(16,640,898)(38,754,979) 4 The Company continues to comply with the conditions for the deductibility imposed by law; and4 No changes in income tax legislation adversely affect the Company in utilising the benefits.Changes in other receivables1,691,157(762,065) Change in trade creditors and provisions(726,230)(1,097,059) Net cash used in operating activities (15,675,971)(40,614,103) Page 43 of 60Page 44 of 6068 ANNUAL REPORT CENTAURUS METALS LIMITED'