Note 4. Expenses Profit/(loss) before income tax includes the following: 2024 $ 2023 $ Employee benefits expense* Salaries & wages 874,815 1,150,338 Directors' fees 189,795 155,000 Defined contribution superannuation expense 38,954 52,374 Share based payments (refer Note 18(b)) 169,160 359,359 Movement in leave provisions 31,834 23,993 Other 75,722 111,451 Total employee benefits expense 1,380,280 1,852,515 * Excludes employee costs capitalised to exploration and evaluation expenditure Note 5. Income tax 2024 $ 2023 $ (a) N umerical reconciliation between aggregate tax expense recognised in the consolidated statement of profit or loss and other comprehensive income and tax expense calculated per the statutory income tax rate Accounting profit/(loss) before income tax (2,293,242) (1,880,048) At the Group’s statutory income tax rate of 30% (687,973) (564,014) Non-deductible expenses/(non-assessable income) 107,281 (42,484) Deferred tax assets not brough to account1 580,692 606,499 Income tax expense – – 2024 $ 2023 $ (b) Deferred tax balances Deferred tax assets Employee provisions 324,730 141,254 Share issue costs charged to equity 61,252 54,431 Unused income tax losses 6,050,904 5,764,307 Lease liability 23,520 10,789 Deferred tax assets offset by deferred tax liabilities (23,275) (10,683) Total deferred tax assets 6,437,131 5,960,098 Total unrecognised deferred tax assets1 (6,437,131) (5,960,098) Net deferred tax assets – – Note 1: The Group has not recognised the deferred tax assets in the consolidated statement of financial position as it is not considered probable that sufficient taxable amounts will be generated in future periods to offset the deferred tax assets. 45 Sunstone Metals Limited Annual Report 2024
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