Note 17. Segment reporting The Group has determined its operating segment based upon reports reviewed by the Board (Chief Operating Decision Makers) for making strategic decisions. The Board has identified three operating segments being the two exploration projects in Ecuador, Bramaderos and El Palmar, as well as Corporate, which includes investments held through the Australian Parent Company and early stage activities such as Verde Chico and Finland. The reportable segment is based on aggregated operating segments determined by the geographical similarity of the Group’s areas of interest and the economic environments in which the Group operates. The Group continues to review and assess other resource projects both within Australia and overseas as opportunities arise. The accounting policies used by the Group in reporting segments internally are the same as those used in preparing the annual report. Geographical areas Summary financial information by geographical location is detailed below. 2023 $ 2022 $ Profit/(loss) Corporate (1,900,382) (2,840,787) Bramaderos 20,334 (19,539) El Palmar – (9,953) (1,880,048) (2,870,279) Current assets Corporate 8,964,791 24,828,637 Bramaderos 965,650 485,921 El Palmar 745,013 516,098 10,675,454 25,830,656 Non-current assets Corporate 126,806 266,524 Bramaderos 47,090,201 30,736,477 El Palmar 22,158,403 11,979,704 69,375,409 42,982,704 Current liabilities Corporate 434,626 443,954 Bramaderos 770,334 932,713 El Palmar 363,311 752,300 1,568,445 2,128,967 Non-current liabilities Corporate 272,187 260,608 Bramaderos 47,869 39,975 El Palmar 18,718 14,496 338,774 315,079 Notes to the Financial Statements for the year ended 30 June 2023 52 Sunstone Metals Limited Annual Report 2023
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