Siren Gold Limited Annual Report 2021

8 Property, plant and equipment 2021 $ 2020 $ Motor vehicles – cost 102,961 102,430 Less: Accumulated depreciation (34,513) (5,152) 68,448 97,278 Plant & equipment – cost 124,184 68,012 Less: Accumulated depreciation (23,128) (1,483) 101,026 66,529 169,474 163,807 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 vehicles Plant and equipment Total Balance at the beginning of year 97,278 66,529 163,807 Additions – 55,820 55,820 Depreciation expense (29,310) (21,649) (50,959) FX movement 480 326 806 Closing Balance 31 December 68,448 101,026 169,474 9 Trade and other payables 2021 $ 2020 $ Current Unsecured Trade payables 527,134 532,940 Accruals and other payables 19,774 15,094 Employment related payables 31,169 32,354 578,077 580,388 10 Borrowings 2021 $ 2020 $ Current Chattel mortgages 19,188 19,089 Less: Unexpired interest (1,961) (3,176) 17,227 15,913 Non-current Chattel mortgages 17,648 36,645 Less: Unexpired interest (638) (2,585) 17,010 34,060 34,237 49,973 Notes to the Consolidated Financial Statements for the year ended 31 December 2021 Siren Gold Limited 42