Siren Gold Limited Annual Report 2021

1 Statement of significant accounting policies (continued) Standard/amendment Effective for annual reporting periods beginning on or after Entities and AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities AASB 2020-3 Amendments to Australian Accounting Standards – Annual Improvements 2018-2020 and Other Amendments 1 January 2022 AASB 2014-10 Amendments to Australian Accounting Standards – Sale or Contribution of Assets between an Investor and its Associate or Joint Venture, AASB 2015-10 Amendments to Australian Accounting Standards – Effective Date of Amendments to AASB 10 and AASB 128 and AASB 2017-5 Amendments to Australian Accounting Standards – Effective Date of Amendments to AASB 10 and AASB 128 and Editorial Corrections 1 January 2022 (Editorial corrections in AASB 2017-5 applied from 1 January 2018) AASB 2020-1 Amendments to Australian Accounting Standards – Classification of Liabilities as Current or Non-Current and AASB 2020-6 Amendments to Australian Accounting Standards – Classification of Liabilities as Current or Non-current – Deferral of Effective Date 1 January 2022 AASB 2020-3 Amendments to Australian Accounting Standards – Annual Improvements 2018-2020 and Other Amendments 1 January 2022 AASB 2021-2 Amendments to Australian Accounting Standards – Disclosure of Accounting Policies and Definition of Accounting Estimates 1 January 2023 2 Revenue and other income 2021 $ 2020 $ Other income Interest 1,751 2,352 Sundry income – 1,891 1,751 4,243 3 Earnings per Share (EPS) 2021 $ 2020 $ a. Reconciliation of earnings to profit or loss Loss for the year (1,319,748) (1,422,251) Loss used in the calculation of basic and diluted EPS (1,319,748) (1,422,251) b. W eighted average number of ordinary shares outstanding during the year used in calculation of basic EPS 83,825,046 41,053,127 Weighted average number of dilutive equity instruments outstanding N/A N/A c. Earnings per share ¢ ¢ Basic EPS (cents per share) (1.574) (3.464) Diluted EPS (cents per share) (1.574) (3.464) As at 31 December 2021 the Group has 16,247,428 unissued shares under options (31 December 2020: 19,966,476). The Group does not report diluted earnings per share on losses generated by the Group. During the year ended 31 December 2021 the Group’s unissued shares under option were anti-dilutive. Notes to the Consolidated Financial Statements for the year ended 31 December 2021 Annual Report 2021 39