Note 13. Contributed equity continued (e) Capital management (continued) The ability to raise equity in the future to fund the Group’s operations, investigations and exploration activities is a risk that could influence the activities of the Group. The Group has historically raised sufficient capital to fund its operations, however, it recognises that it is at risk of financial markets which dictate its ability to fund operations beyond exhaustion of the current cash funds and monetisation of investments held such as shares in listed entities. 2025 $ 2024 $ Current assets 3,168,636 3,121,402 Current liabilities 831,966 1,904,876 Liquidity ratio 3.8 : 1 1.6 : 1 The Group intends to raise funds in the short to medium term to fund its exploration, investigating and evaluation activities. Note 14. Reserves 2025 $ 2024 $ Share based payments reserve 4,966,093 4,650,495 Foreign currency translation reserve 3,413,055 2,177,144 Total reserves 8,379,148 6,827,639 Share based payments reserve Opening balance 4,650,495 4,275,443 Share based payments – employees 315,598 375,052 Closing balance 4,966,093 4,650,495 Foreign currency translation reserve Opening balance 2,177,144 2,768,563 Foreign exchange gains/(losses) on translation 1,235,911 (591,419) Closing balance 3,413,055 2,177,144 Nature and purpose of reserves Share-based payments reserve The share based payments reserve is used to record the fair value of share based payments provided to Directors, employees, including key management personnel, and contractors as payment for services. Foreign currency translation reserve The foreign currency translation reserve is used to recognise foreign exchange gains or losses arising on the translation of the financial report of foreign subsidiary companies. The functional currency of Sunstone is the Australian Dollar and that of its foreign operations is primarily the US Dollar. Note 15. Non-controlling interests 2025 $ 2024 $ Interest in: Share capital 935,783 935,783 Recognition on acquisition/disposal 4,420 4,420 Retained earnings (66,535) (66,535) Total non-controlling interests 873,668 873,668 55 Sunstone Metals Limited Annual Report 2025
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