Note 5. Income tax continued 2026 $ 2025 $ (b) Deferred tax balances Deferred tax assets Employee provisions 85,016 86,402 Share issue costs charged to equity 40,077 26,977 Unused income tax losses 7,508,774 6,965,062 Total deferred tax assets 7,633,867 7,078,441 Total unrecognised deferred tax assets1 (7,633,867) (7,078,441) 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 2026 $ 2025 $ Cash on hand and at bank 1,666,655 2,674,579 Cash at bank earns interest at floating rates based on daily bank deposit rates. The cash at bank is bearing floating interest rates between 3.44% and 4.86% (2025: 3.49% and 4.89%). The carrying amounts of cash and cash equivalents represent fair value. Restricted cash balances totalling $339,459 (2025: $299,908) representing term deposits securing various performance guarantees have been disclosed under trade and other receivables (refer Note 7). Note 7. Trade and other receivables 2026 $ 2025 $ Other debtors 38,031 63,024 Deposits 339,459 299,908 Prepayments 58,616 61,239 Total trade and other receivables 436,106 424,171 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 2026 $ 2025 $ Current Shares in NewPeak Metals Ltd 13,070 17,971 Shares in NordX Metals Corp* 53,252 51,915 Total financial assets at fair value through profit or loss 66,322 69,886 * Previously United Lithium Corp 51 Sunstone Metals Limited Annual Report 2026
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