5.4 
Financial Instruments 
The Group classifies non-derivative financial assets into the following categories at fair value through profit and loss, at fair 
value through other comprehensive income and measured at amortised cost.  
The Group classifies non-derivative financial liabilities into the other financial liabilities category. 
a) 
Non-derivative Financial Assets and Financial Liabilities – Recognition and Derecognition 
The Group initially recognises loans, receivables and deposits on the date when they are originated.  All other financial assets 
and financial liabilities are recognised initially on the trade date. 
The Group derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers 
the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risks and 
rewards of ownership of the financial asset are transferred, or it neither transfers nor retains substantially all of the risks 
and rewards of ownership and does not retain control over the transferred asset.  Any interest in such derecognised financial 
assets that is created or retained by the Group is recognised as a separate asset or liability. 
The Group derecognises a financial liability when its contractual obligations are discharged, cancelled or expire. 
Financial assets and liabilities are offset and the net amount presented in the statement of financial position when and only 
when, the Group has a legal right to offset the amounts and intends either to settle on a net basis or to realise the asset and 
settle the liability simultaneously. 
The Group has the following non-derivative financial assets: 
 receivables  
 cash and cash equivalents. 
i) 
Receivables 
Receivables are financial assets with fixed or determinable payments that are not quoted in an active market.  Such assets 
are recognised initially at fair value plus any directly attributable transaction costs.  Subsequent to initial recognition, 
receivables are measured at amortised cost using the effective interest method, less any impairment losses. 
ii) 
Cash and Cash Equivalents 
Cash and cash equivalents comprise cash balances and call deposits with original maturities of three months or less. 
b) 
Non-derivative Financial Liabilities – Measurement  
Non-derivative financial liabilities are initially recognised at fair value less any directly attributable transaction costs. 
Subsequent to initial recognition, these liabilities are measured at amortised cost using the effective interest method. 
5.5 
Share Capital 
Ordinary shares are classified as equity.  Incremental costs directly attributable to the issue of ordinary shares or share 
options are recognised as a deduction from equity, net of any tax effect. 
5.6 
Property, Plant and Equipment 
a) 
Recognition and Measurement 
Items of property, plant and equipment are measured at cost less accumulated depreciation and any accumulated 
impairment losses.  Cost includes expenditure that is directly attributable to the acquisition of the asset.  
If significant parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate 
items (major components) of property, plant and equipment. 
Any gains or loss on disposal of an item of property, plant and equipment are recognised in profit or loss.  When revalued 
assets are sold, the amounts included in the revaluation reserve are transferred to retained earnings. 
b) 
Depreciation  
Depreciation is calculated to write off the cost of items of property, plant and equipment less their estimated residual values 
using the straight-line method over their estimated useful lives and is generally recognised in profit or loss.  Land is not 
depreciated.  
The estimated useful lives of property, plant and equipment ranges from 3 to 15 years. 
57
CENTAURUS METALS LIMITED     ANNUAL REPORT

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