Siren Gold Limited Annual Report 2020

21 Operating segments (continued) For the year ended 31 December 2020 Australia $ New Zealand $ Total $ Segment revenue and other income 1,332 2,911 4,243 Segment Results 1,332 2,911 4,243 Amounts not included in segment results but reviewed by Board: Expenses not directly allocable to identifiable segments or areas of interest – Business development and marketing 103,939 – 103,939 – Compliance costs 144,268 34 144,302 – Employment costs 179,924 6,549 186,473 – Exploration and evaluation expenditure 28,500 35,475 63,975 – Information technology costs 30,490 – 30,490 – Insurance 24,068 1,010 25,078 – Interest expense 1,769 322 2,091 – Legal and professional fees 402,220 16,551 418,771 – Rent 40,000 – 40,000 – Travel and accommodation 99 – 99 – Other expenses 3,220 2,816 6,036 – Share-based payments 405,240 – 405,240 Loss after Income Tax (1,422,251) As at 31 December 2020 Segment Assets 10,782,692 2,281,589 13,064,281 Reconciliation of segment assets to group assets: – Intra-segment eliminations (1,889,672) Total Assets 11,174,609 Segment Liabilities 111,624 2,415,945 2,527,569 Reconciliation of segment liabilities to group liabilities: – Intra-segment eliminations (1,889,672) Total Liabilities 637,897 Segment revenue and other income 190 – 190 Segment Results 190 – 190 Amounts not included in segment results but reviewed by Board: Expenses not directly allocable to identifiable segments or areas of interest – Business development and marketing (1,337) (95) (1,432) – Compliance costs (622) – (622) – Employment costs 14,414 – 14,414 – Exploration and evaluation expenditure – (24,935) (24,935) – Foreign exchange loss – – – – Information technology costs (13,781) – (13,781) – Insurance (11,360) – (11,360) – Legal and professional fees (186,734) (12,246) (198,980) – Travel and accommodation (3,321) – (3,321) – Share-based payments – – – – Other expenses (8,383) (314) (8,697) Loss after Income Tax (248,524) Notes to the Consolidated Financial Statements for the year ended 31 December 2020 Siren Gold Limited 50