Note 11. Trade and other payables 2024 $ 2023 $ Trade payables 452,316 910,161 Sundry payables and accrued expenses 52,930 45,975 Total trade and other payables 505,246 956,136 Note 12. Provisions 2024 $ 2023 $ Current Employee provisions 776,719 579,728 Other provisions 579,752 – 1,356,471 579,728 Non-current Employee provisions 131,614 338,774 Note 13. Contributed equity (a) Movements in ordinary share capital Number of shares Issue price $ $ Balance at 1 July 2022 2,574,446,418 109,827,200 Jul 22 Vesting of employee performance rights 22,000,001 0.032 695,541 Nov 22 Vesting of employee performance rights 20,000,000 0.048 965,781 Nov 22 Vesting of employee performance rights 3,999,999 0.048 193,156 May 23 Share placement 461,538,461 0.026 12,000,000 Share issue costs (653,212) Balance at 30 June 2023 3,081,984,879 123,028,466 Number of shares Issue price $ $ Dec 23 Share placement 405,750,000 0.012 4,869,000 Feb 24 Share placement – Director allocation 12,916,667 0.012 155,000 May 24 Share placement 170,181,818 0.011 1,872,000 May 24 Non-renounceable rights issue 167,433,908 0.011 1,841,776 Share issue costs (456,099) Balance at 30 June 2024 3,838,267,272 131,310,143 The issue price for vested employee performance rights is deemed to be the accumulated amount recorded in the share based payment reserve at the vesting period. No cash is received when the rights are exercised. (b) Ordinary shares Ordinary shares entitle the holder to participate in dividends and the proceeds on winding up of the Group in proportion to the number of and amounts paid on the shares held. On a show of hands every holder of ordinary shares present at a meeting in person or by proxy, is entitled to one vote, and upon a poll each share is entitled to one vote. Notes to the Financial Statements for the year ended 30 June 2024 48 Sunstone Metals Limited Annual Report 2024
RkJQdWJsaXNoZXIy MjE2NDg3