Note 17. Segment reporting The Group has determined its operating segment based upon reports reviewed by the Board (Chief Operating Decision Makers) for making strategic decisions. The Board has identified three operating segments being the two exploration projects in Ecuador, Bramaderos and El Palmar, as well as Corporate which includes investments held through the Australian Parent Company. Given its close geographic proximity to El Palmar, early stage activities at Verde Chico are included within El Palmar, as these locations will ultimately form a single cash generating unit. The reportable segment is based on aggregated operating segments determined by the geographical similarity of the Group’s areas of interest and the economic environments in which the Group operates. The Group continues to review and assess other resource projects both within Australia and overseas as opportunities arise. The accounting policies used by the Group in reporting segments internally are the same as those used in preparing the annual report. Geographical areas Summary financial information by geographical location is detailed below. 2024 $ 2023 $ Profit/(loss) Corporate (2,293,243) (1,900,382) Bramaderos – 20,334 El Palmar – – (2,293,243) (1,880,048) Current assets Corporate 2,204,068 8,964,791 Bramaderos 355,892 965,650 El Palmar 561,442 745,013 3,121,402 10,675,454 Non-current assets Corporate 103,124 126,806 Bramaderos 55,556,821 47,090,201 El Palmar 27,206,095 22,158,403 82,866,040 69,375,409 Current liabilities Corporate 1,422,052 434,626 Bramaderos 354,099 770,334 El Palmar 128,725 363,311 1,904,876 1,568,445 Non-current liabilities Corporate 35,240 272,187 Bramaderos 80,526 47,869 El Palmar 51,088 18,718 166,854 338,774 51 Sunstone Metals Limited Annual Report 2024
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