Note 21. Financial instruments and financial risk management continued (iii) Interest rate risk (continued) At 30 June 2024, 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: 2024 $ 2023 $ Post tax gain/(loss) +1.0% (100 basis points) 26,690 103,065 -1.0% (100 basis points) (26,690) (103,065) The average interest rate for the year ended 30 June 2024 was 4.20% (2023: 2.94%). The Group deals with financial institutions that have an A 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 $111,460 for the value of the shares held in 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 / Canadian dollar rates move this will have an impact on post-tax profit or loss. At 30 June 2024, if either the market price of the shares or the Australian dollar / Canadian dollar rates had moved, with all other variables held constant, post-tax loss would have been affected as follows: 2024 $ 2023 $ Financial assets Financial assets at fair value through profit or loss 111,460 279,376 2024 $ 2023 $ Post tax gain/(loss) +10% change in market price or exchange rate 11,146 27,938 -10% change in market price or exchange rate (11,146) (27,938) Note 22. Remuneration of auditors 2024 $ 2023 $ 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 HLB Mann Judd 55,000 – BDO Audit Pty Ltd – 64,896 Other services BDO Services Pty Ltd: Taxation matters – Australia – 21,369 55,000 86,265 Notes to the Financial Statements for the year ended 30 June 2024 56 Sunstone Metals Limited Annual Report 2024
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