Siren Gold Limited Annual Report 2021

20 Operating segments (continued) v. Unallocated items The following items of revenue, expenses, assets and liabilities are not allocated to operating segments as they are not considered part of the core operations of any segment: – Impairment of assets and other non-recurring items of revenue or expense – Income tax expense – Current and deferred tax assets and liabilities For the year ended 31 December 2021 Australia $ New Zealand $ Total $ Segment revenue and other income 847 904 1,751 Segment Results 847 904 1,751 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 (122,608) - (122,608) – Compliance costs (103,650) (43) (103,693) – Employment costs (323,091) (18,190) (341,281) – Information technology costs (11,403) (12,817) (24,220) – Insurance (78,767) (4,653) (83,420) – Interest expense (154) (3,193) (3,347) – Legal and professional fees (315,300) (30,169) (345,469) – Rent (120,000) (33,652) (153,652) – Travel and accommodation (35,546) - (35,546) – Other expenses (8,915) (99,348) (108,263) Loss after Income Tax (1,319,748) As at 31 December 2021 Segment Assets 14,254,601 8,469,303 22,723,904 Reconciliation of segment assets to group assets: – Intra-segment eliminations (8,442,580) Total Assets 14,281,324 Segment Liabilities 169,573 8,906,973 9,076,546 Reconciliation of segment liabilities to group liabilities: – Intra-segment eliminations (8,442,580) Total Liabilities 633,966 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) Notes to the Consolidated Financial Statements for the year ended 31 December 2021 Siren Gold Limited 50