Note 14. Reconciliation of Cash Flows from Operating Activities 2025 $ 2024 $ Loss for the period (14,308,070) (18,445,636) Adjustments for: Depreciation 617,272 619,723 Non-cash employee benefits expense – share based payments 1,091,441 1,077,837 Loss on sale of plant and equipment (200) 107,178 Operating loss before changes in working capital and provisions (12,599,557) (16,640,898) Changes in other receivables (113,531) 1,691,157 Change in trade creditors and provisions (512,840) (726,230) Net cash used in operating activities (13,225,929) (15,675,971) Note 15. Other Receivables and Prepayments 2025 $ 2024 $ Current Other receivables 131,566 126,804 Security deposits 10,133 10,133 Prepayments 353,139 346,561 494,838 483,498 Non-Current Other receivables 4,853,828 4,743,052 Provision for impairment (4,853,828) (4,743,052) Security deposits 206,917 200,583 206,917 200,583 Non-current Other Receivables include Brazilian federal VAT (PIS-Cofins) levied on the Group’s purchases. Recoverability of PIS-Cofins assets is dependent upon the Group generating a federal company tax liability, which may be offset against the Group’s PIS-Cofins assets if the Group elects to do so. In line with the Jaguar Project’s early development stage, the Group continues to recognise an impairment against PIS/COFINS assets. During the period the entity wrote off $222,369 which was previously provided for due to credits expiring (2024: $5,000). An impairment expense of $144,419 was recognized on indirect taxes receivable in 2025 (2024: $220,987). Information about the Group’s exposure to credit and market risk and impairment losses for other receivables is included in Note 26. Note 16. Property, Plant and Equipment 16.1 Carrying Amount 2025 $ 2024 $ At cost 10,264,313 9,526,142 Accumulated depreciation (1,834,804) (1,198,198) 8,429,509 8,327,944 67 CENTAURUS METALS LIMITED ANNUAL REPORT
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