ANNUAL Report June 2024 Notes to the Consolidated Financial Statements 48 Contracted Maturities for Payables Total 1 year or less More than 1 year but less than 2 years More than 2 years but less than 5 years More than 5 years 2024 Trade and other payables 42,647,114 42,647,114 - - - Lease liabilities 3,147,733 1,324,113 1,085,707 737,913 - Borrowings 42,025,474 42,025,474 - - - Convertible notes 750,000 750,000 - - - Expected future interest payments Convertible Notes 125,005 61,669 63,336 - - Lease liabilities 340,515 198,925 101,989 39,601 - Borrowings 992,676 992,676 - - - Total 90,028,517 87,999,971 1,251,032 777,514 - <6 months 6 -12 months 1-5 Years >5 Years Total 2023 Trade and other payables 11,309,854 - - - 11,309,854 Lease liabilities 379,509 531,313 1,176,523 - 2,087,345 Financial liabilities 387,283 947,709 9,474,113 2,031,627 12,840,732 Total 12,076,646 1,479,022 10,650,636 2,031,627 26,237,931 Refer Note 1 for commentary on going concern assumptions. The carrying amounts of trade receivables and trade payables are assumed to approximate their fair values due to their short-term nature. (c) Fair Value of Financial Instruments The following tables detail the consolidated entity’s fair values of financial instruments categorised by the following levels: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (as prices) or indirectly (derived from prices). Level 3: Inputs for the asset or liability that are not based on observable market data (unobservable inputs). Consolidated – 2024 Level 1 Level 2 Level 3 Total Total assets Deferred acquisition costs 1,252,459 - - 1,252,459 Capitalised borrowing costs 646,213 - - 646,213 Shares held in listed entities 1,160 - - 1,160 Unexpired Interest - 2,760,074 - 2,760,074 1,899,832 2,760,074 - 4,659,906 Total liabilities Deferred interest - 331,102 - 331,102 Financial liability - 11,783,559 - 11,783,559 - 12,114,661 - 12,114,661 Notes to the Consolidated Financial Statements continued 114 EQ Resources Limited Annual Report 2024
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