Siren Gold Limited Annual Report 2021

20 Operating segments (continued) For the year ended 31 December 2020 Australia $ New Zealand $ Total $ – 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 21 Related Party Transactions Transactions between related parties are on normal commercial terms and conditions no more favourable than those available to other parties, unless otherwise stated. 2021 $ 2020 $ MCA Nominees Pty Ltd MCA Nominees, a business controlled by Mr Brian Rodan, provides administration and marketing services. Amounts include expense reimbursements: Fees incurred during the year: 201,751 100,138 Amounts outstanding at year end: 12,600 40,000 101 Consulting Pty Ltd: 101 Consulting Pty Ltd, a business controlled by Ms Bronwyn Bergin, spouse of Mr Brian Rodan, provides administration support services. Fees expensed during the period 13,800 – Amounts outstanding at year end: 2,300 – ARC Limited Angus Resource Consulting (ARC) ARC, a business controlled by Mr Paul Angus, provides resource consulting services. Amounts include expense reimbursements: Fees incurred during the year: 316,640 212,755 Amounts outstanding at year end: 21,565 25,270 Notes to the Consolidated Financial Statements for the year ended 31 December 2021 Annual Report 2021 51