Siren Gold Limited Annual Report 2020

9 Property, plant and equipment 2020 $ 2019 $ Motor vehicles – cost 102,430 – Less: Accumulated depreciation (5,152) – 97,278 – Plant & equipment – cost 68,012 – Less: Accumulated depreciation (1,483) – 66,529 – Total 163,807 – Movements in carrying amounts Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial year: Motor vehi- cles Plant and equipment Total Balance at the beginning of year Additions 102,430 68,012 170,442 Depreciation expense (5,152) (1,483) (6,635) Closing Balance 31 December 97,278 66,529 163,807 10 Trade and other payables 2020 $ 2019 $ Current Unsecured Trade payables 532,940 109,330 Accruals and other payables 15,094 15,829 Employment related payables 32,354 – GST Payable – 33,139 580,388 158,298 11 Borrowings 2020 $ 2019 $ Current Chattel mortgages 19,089 – Less: Unexpired interest (3,176) – Other borrowings – 1,937 15,913 1,937 Non-current Chattel mortgages 36,645 – Less: Unexpired interest (2,585) – 34,060 – 49,973 1,937 Notes to the Consolidated Financial Statements for the year ended 31 December 2020 Siren Gold Limited 42