Note 2. Critical accounting estimates and judgements continued The financial assets at fair value through profit or loss fall under level 1 of the fair value hierarchy referred to in AASB 13 Fair Value measurement i.e. their fair value has been determined using quoted market prices. Refer to Notes 8 and 21 for further detail regarding the key estimates applied to determine the fair value of these financial assets. Investments in shares in listed companies (Note 8) has been classified as a current asset as it is management’s intention, subject to favourable market conditions, that these will be sold within 12 months. Note 3. Earnings per share 2025 $ 2024 $ Basic earnings per share (0.0) (0.1) Diluted earnings per share (0.0) (0.1) Weighted average number of shares Number Number Used in calculating basic earnings per share 5,017,231,964 3,341,257,905 Used in calculating diluted earnings per share 5,017,231,964 3,341,257,905 $ $ Profit/(loss) used in calculating basic and diluted loss per share (2,406,942) (2,293,242) Due to the loss incurred in the current year, no share options or performance rights have been included in the calculation as they have an anti-dilutive effect. Note 4. Expenses Profit/(loss) before income tax includes the following: 2025 $ 2024 $ Employee benefits expense* Salaries & wages 725,467 874,815 Directors’ fees 175,017 189,795 Defined contribution superannuation expense 106,212 38,954 Share based payments (refer Note 18(b)) 181,188 169,160 Movement in leave provisions 16,068 31,834 Other 111,489 75,722 1,315,441 1,380,280 * Excludes employee costs capitalised to exploration and evaluation expenditure Note 5. Income tax 2025 $ 2024 $ (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 (2,406,942) (2,293,242) At the Group’s statutory income tax rate of 30% (722,083) (687,973) Non-deductible expenses/(non-assessable income) 54,973 107,281 Deferred tax assets not brought to account1 667,110 580,692 – – Notes to the Financial Statements for the year ended 30 June 2025 50 Sunstone Metals Limited Annual Report 2025
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