Note 21. Financial instruments and financial risk management (continued) At 30 June 2022, if interest rates had moved, as illustrated in the table below, with all other variables held constant, post-tax loss would have been affected as follows: 2022 $ 2021 $ Post tax gain/(loss) +1.0% (100 basis points) 239,972 121,712 -1.0% (100 basis points) (239,972) (121,712) The average interest rate for the year ended 30 June 2022 was 0.215% (2021: 0.03%). The Group deals with financial institutions that have an AA rating or better. (iv) Market risk As a result of significant investment in Ecuador, the Group’s statement of financial position can be affected significantly by movements in the US Dollar/Australian Dollar exchange rates. In addition, included in current assets is financial assets at fair value of $1,705,298 for the value of the shares held in Copperstone Resources AB, listed on Nasdaq Stockholm and denominated in Swedish Krona, shares of CSE listed United Lithium Corp denominated in Canadian dollars, and shares in ASX listed NewPeak Metals Ltd. If either the market price of the shares or the Australian dollar/Swedish Krona and the Australian dollar/Canadian dollar rates move this will have an impact on post-tax profit or loss. At 30 June 2022, if either the market price of the shares or the Australian dollar/Swedish Krona and the Australian dollar/Canadian dollar rates had moved, with all other variables held constant, post-tax loss would have been affected as follows: 2022 $ 2021 $ Financial assets Financial assets at fair value through profit or loss 1,705,298 11,783,019 1,705,298 11,783,019 2022 $ 2021 $ Post tax gain/(loss) +10% change in market price or exchange rate 170,530 1,178,302 -10% change in market price or exchange rate (170,530) (1,178,302) Note 22. Remuneration of auditors 2022 $ 2021 $ During the period the following fees were paid or payable for services provided by the auditor of the Company and its related practices: Audit and Review Services BDO Audit Pty Ltd 66,355 59,440 BDO Sweden and Finland 4,396 12,457 Other services Taxation matters - Australia 15,929 11,628 Taxation matters - Scandinavia – 2,319 86,680 85,844 55 Sunstone Metals Limited Annual Report 2022 SUNSTONE METALS LIMITED ANNUAL REPORT 2022
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