ii) 
Credit-impaired financial assets 
At each reporting date, the Group assesses whether financial assets carried at amortised costs are credit-impaired. A 
financial asset is credit-impaired when one or more events that have a detrimental impact on the estimated future cash 
flows of the financial asset have occurred.  
iii) 
Presentation of allowance for ECL in the statement of financial position 
Loss allowances for financial assets measured at amortised costs are deducted from the gross carrying amount of the assets. 
iv) 
Write-off 
The gross carrying amount of a financial asset is written off when the Group has no reasonable expectations of recovering 
a financial asset in its entirety or a portion thereof. 
b) 
Non-financial Assets 
The carrying amounts of the Group’s non-financial assets, other than deferred tax assets, are reviewed at each reporting 
date to determine whether there is any indication of impairment.  If any such indication exists, then the asset’s recoverable 
amount is estimated.   
The recoverable amount of an asset or cash-generating unit is the greater of its value in use and its fair value less costs to 
sell.  In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount 
rate that reflects current market assessments of the time value of money and the risks specific to the asset.  For the purpose 
of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that 
generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of 
assets.  The group of assets is referred to as the Cash Generating Unit or CGU.    
The Group’s corporate assets do not generate separate cash inflows. If there is an indication that a corporate asset may be 
impaired, then the recoverable amount is determined for the CGU to which the corporate asset belongs. 
An impairment loss is recognised if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount.  
Impairment losses are recognised in profit or loss.  Impairment losses recognised in respect of CGUs are allocated first to 
reduce the carrying amount of any goodwill allocated to the units, and then to reduce the carrying amounts of the other 
assets in the unit (group of units) on a pro rata basis. 
In respect of assets, other than goodwill, impairment losses recognised in prior periods are assessed at each reporting date 
for any indications that the loss has decreased or no longer exists.  An impairment loss is reversed if there has been a change 
in the estimates used to determine the recoverable amount.  An impairment loss is reversed only to the extent that the 
asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or 
amortisation, if no impairment loss had been recognised. 
5.12 Employee Benefits 
a) 
Defined Contribution Plans 
A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate 
entity and will have no legal or constructive obligation to pay further amounts.  Obligations for contributions to defined 
contribution plans are recognised as an employee benefit expense in profit or loss in the periods during which services are 
rendered by employees.     
b) 
Other Long-term Employee Benefits 
The Group’s net obligation in respect of long-term employee benefits is the amount of future benefit that employees have 
earned in return for their service in the current and prior periods plus related on-costs. That benefit is discounted to 
determine its present value, and the fair value of any related assets is deducted. 
c) 
Short-term Benefits 
Short-term employee benefits are expensed as the related service is provided. A liability is recognised for the amount 
expected to be paid if the Group has a present legal or constructive obligation to pay this amount as a result of past service 
provided by the employee and the obligation can be estimated reliably. 
 
 
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ANNUAL REPORT     CENTAURUS METALS LIMITED
CENTAURUS METALS ANNUAL REPORT 2025

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