b'Centaurus Metals Limited and its controlled entities Financial Report 31 December 2024Other receivables also include refundable deposits and tax credits which include Brazilian federal VAT (PIS-Cofins). The recoverability of PIS-Cofins assets is dependent upon the Group generating a federal company tax liability, which may be offset against the Groups PIS-Cofins assets. As at 31 December 2024, the PIS-Cofins tax asset has been fully impaired as taxable profits in the ordinary course of business are not considered probable though one-off taxable profits may be generated on specific transactions. The Groups maximum exposure to credit risk for other receivables at the reporting date by geographic region was: Carrying Amount 2024 $2023 $ Australia 241,1101,562,251 Brazil96,410161,922 337,5201,724,173 These balances are net of provision for impairment (refer Note 15). 25.2Liquidity Risk Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with the financial liabilities that are settled by delivering cash or another financial asset. The Groups approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Groups reputation. As at 31 December 2024, the Group has current trade and other payables of $2,372,115 (31 December 2023: $3,351,700), Current Financial Liabilities of $nil (31 December 2023: $212,028), current lease liabilities of $150,940 (31 December 2023: $239,075) and non current lease liabilities of $498,534 (31 December 2023: $267,979).The Group believes it will have sufficient cash resources to meet its financial liabilities when due. The following table shows the contractual maturities of financial liabilities, excluding the impact of netting agreements. It is not expected that the cash flows included in the maturity analysis could occur significantly earlier, or at significantly different amounts. Maturity 6 CarryingContractualMaturity 6to 12Maturity 1Maturity 2 amountcash flowsmths or lessmonthsto 2 yearsto 5 years 2024 Financial Liabilities$$$$$$ Trade and other payables2,372,1152,372,1152,372,115- Lease liabili]es649,474765,600122,827101,829208,540332,404 3,021,5893,137,7152,494,942101,829208,540332,404Maturity 6 CarryingContractualMaturity 6to 12Maturity 1Maturity 2 amountcash flowsmths or lessmonthsto 2 yearsto 5 years 2023 Financial Liabilities$$$$$$ Trade and other payables3,351,7003,351,7003,351,700- Financial liabili]es212,028212,882212,882- Lease liabili]es507,054566,803178,85096,790123,699167,464 4,070,7824,131,3853,743,43296,790123,699167,464 25.3Market Risk Market risk is the risk that changes in market prices, such as foreign exchange rates, interest rates and equity prices will affect the Groups income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising returns.Page 50 of 60CENTAURUS METALS LIMITED ANNUAL REPORT 75'