Note 5. Income tax continued 2025 $ 2024 $ (b) Deferred tax balances Deferred tax assets Employee provisions 86,402 324,730 Share issue costs charged to equity 26,977 61,252 Unused income tax losses 6,965,062 6,050,904 Lease liability – 23,520 Deferred tax assets offset by deferred tax liabilities – (23,275) Total deferred tax assets 7,078,441 6,437,131 Total unrecognised deferred tax assets1 (7,078,441) (6,437,131) 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. Note 6. Cash and cash equivalents 2025 $ 2024 $ Cash on hand and at bank 2,674,579 2,669,044 Cash at bank earns interest at floating rates based on daily bank deposit rates. The cash at bank is bearing floating interest rates between 3.49% and 4.89% (2024: 3.81% and 5.21%). The carrying amounts of cash and cash equivalents represent fair value. Restricted cash balances totalling $299,908 (2024: $287,465) representing term deposits securing various performance guarantees have been disclosed under trade and other receivables (refer Note 7). Note 7. Trade and other receivables 2025 $ 2024 $ Other debtors 63,024 41,158 Deposits 299,908 287,465 Prepayments 61,239 12,275 Total trade and other receivables 424,171 340,898 Other debtors consist of invoices for recovery of costs as per contract terms, GST and VAT receivables from the taxation authorities and other minor amounts. All receivables are carried at amortised cost which approximates their fair value. All receivables excluding deposits are non-interest bearing and balances are current. Note 8. Financial assets at fair value through profit or loss 2025 $ 2024 $ Current Shares in NewPeak Metals Ltd 17,971 16,338 Shares in United Lithium Corp 51,915 95,122 Total financial assets at fair value through profit or loss 69,886 111,460 51 Sunstone Metals Limited Annual Report 2025
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