Note 18. Mine Development Properties 2025 $ 2024 $ Opening net book value - - Transferred from exploration and evaluation (refer to Note 17) 10,765,841 - Additions 4,376,525 - Effect of movements in exchange rates 249,753 - 15,392,119 - Note 19. Trade and Other Payables 2025 $ 2024 $ Current Trade and other creditors 857,285 1,554,439 Accrued expenses 1,038,719 817,676 1,896,004 2,372,115 Note 20. Provisions 2025 $ 2024 $ Current 894,083 - Non-Current 1,032,663 - 1,926,746 - During the reporting period the Company had its application for the Installation License for the Jaguar Project granted by the Para State Environmental Agency, SEMAS. The grant of the application gives rise to a liability of up to A$1.93m for environmental compensation associated with the construction of the project. The settlement of the obligation will occur after the establishment of an agreed program. Note 21. Leases The Group leases motor vehicles, offices and warehouse facilities. The leases are typically for a period of 1 to 5 years. During the current year the Group renewed the lease for the office in Belo Horizonte for a 4 year term as well as a lease for a warehouse in Nova Lima for a 4 year term. Right of use assets and lease liabilities have been recognised as a result of these leases. The Group has applied the exemptions available under AASB 16 for short term leases and leases of low value. 2025 $ 2024 $ Current 217,746 150,940 Non-Current 506,681 498,534 724,427 649,474 Lease payments excluding interest are payable as follows 2024 $ 2024 $ Less than one year 217,746 150,940 Between one and five years 506,681 498,534 724,427 649,474 Amounts or Loss 2025 $ 2024 $ Interest on lease liabilities 79,633 64,675 Expenses relating to short-term leases 342,376 399,798 Expenses relating to leases of low-value assets, excluding short term leases of low value assets 17,595 11,069 69 CENTAURUS METALS LIMITED ANNUAL REPORT
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