CONTENTS FINANCIAL STATEMENTS YEAR IN REVIEW DIRECTORS’ REPORT CORPORATE DIRECTORY SHAREHOLDER INFORMATION 6. Financial risk management (continued) The Group’s expected contractual outflows and maturities of financial liabilities are as follows: Current liabilities Non-current liabilities 2023 < 6 months $’000 6 to 12 months $’000 1 to 5 years $’000 > 5 years $’000 Financial liabilities Trade and other payables 184 – – – 184 – – – Current liabilities Non-current liabilities 2022 < 6 months $’000 6 to 12 months $’000 1 to 5 years $’000 > 5 years $’000 Financial liabilities Trade and other payables 112 – – – 112 – – – The Group’s exposure to USD foreign currency risk, expressed in Australian dollars are as follows: 2023 $’000 2022 $’000 Financial assets Cash and cash equivalents 1,526 – Convertible loan 1,508 – 3,034 – The estimated sensitivity analysis of +/- 10% movement in the US dollar spot exchange rate, with all other variables held constant, in which financial assets are held, are as follows: Effect of 10% increase in exchange rate Effect of 10% decrease in exchange rate 2023 Profit/(Loss) $’000 Equity $’000 Profit/(Loss) $’000 Equity $’000 Financial assets Cash and cash equivalents (139) – 169 – Convertible loan (137) – 168 – (276) – 337 – Effect of 10% increase in exchange rate Effect of 10% decrease in exchange rate 2022 Profit/(Loss) $’000 Equity $’000 Profit/(Loss) $’000 Equity $’000 Financial assets Cash and cash equivalents – – – – – – – – 41 Sheffield Resources Limited Annual Report 2023
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