71 2022 ANNUAL REPORT Notes to the CONSOLIDATED FINANCIAL STATEMENTS for the year ended 30 June 2022 (cont.) 23 DISCONTINUED OPERATION (cont.) (b) Effect of disposal of discontinued operation on the financial position of the Group CONSOLIDATED 30 June 2022 30 June 2021 $’000 $’000 Plant, property and equipment 16,740 17,367 Mine properties 960 960 Inventory 6,014 6,003 Trade and other receivables 639 519 Cash and cash equivalents 609 774 Total assets disposed of (2021: Assets held for sale) 24,962 25,623 Trade and other payables (18) (1,514) Provisions (2,364) (2,362) Employee benefits - (58) Lease liabilities - (6) Total liabilities disposed of (2021: Liabilities held for sale) (2,382) (3,940) Net assets disposed of (2021: Net assets held for sale) 22,580 21,683 (c) Cash flows (used in)/ from discontinued operation CONSOLIDATED 30 June 2022 30 June 2021 $’000 $’000 Net cash used in operating activities (828) (3,975) Net cash used in investing activities 21,467 (53) Net cash from financing activities - - Net cash flow for the year 20,639 (4,028) 24 RELATED PARTIES The following were key management personnel of the consolidated entity at any time during the reporting period and unless otherwise indicated, were key management personnel for the entire reporting period: Executive Directors Mark Williams – Managing Director Non-Executive Directors Kevin Dundo Ian Macpherson Colin Loosemore Steve Tombs Andrea Sutton Fiona Harris Other executives Jason Greive – Chief Operating Officer John Tasovac – Chief Financial Officer
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