Company: GROY-WT
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042306
Chunk: 108

Company: Gold Royalty Corp.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 108
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 or losses arising on re-measurement recognized as a component of other comprehensive income under the classification of gain (loss) on revaluation of investments. Cumulative gains and losses are not subsequently reclassified to profit or loss. Financial liabilities are measured at amortized cost, unless they are required to be measured at FVTPL (such as instruments held for trading or derivatives) or where the Company has opted to measure them at FVTPL.

F-9

Gold Royalty Corp.

Notes to Consolidated Financial Statements

(Expressed in thousands of United States dollars unless otherwise stated)

2. Basis of preparation and Material accounting policies (continued)
2.4 Material accounting policies(continued)
Financial Instruments (continued)
All financial instruments are initially recorded at fair value and designated as follows:
Financial Assets Classification
─────────────────────────────────────────────────────────────────────
Cash and cash equivalents Financial assets at amortized cost
Short-term investments FVTPL
Gold-linked loan FVTPL
Accounts receivable Financial assets at amortized cost
Long-term investments FVTOCI
Financial Liabilities Classification
─────────────────────────────────────────────────────────────────────────────────────────
Accounts payable and accrued liabilities Financial liabilities at amortized cost
Lease obligation Financial liabilities at amortized cost
Convertible debentures Financial liabilities at amortized cost
Embedded derivative FVTPL
Bank loan Financial liabilities at amortized cost
The initial fair value of the liability portion of the convertible debentures was determined using a market interest rate for an equivalent non-convertible debt at the issue date. The liability excluding the embedded derivatives is subsequently recognized on an amortized cost basis until extinguished on conversion or maturity of the debentures. The embedded derivatives are measured at FVTPL. The remainder of the proceeds is allocated to the conversion option and recognized in equity, net of income taxes, and not subsequently remeasured.
Financial assets are derecognized when the contractual rights to the cash flows from the asset expire. Financial liabilities are derecognized only when the Company's obligations are discharged, cancelled or otherwise expire. On derecognition, the difference between the carrying amount (measured at the date or derecognition) and the consideration received(including any new asset obtained less any new liability obtained) is recognized in profit or loss.
Share-based payments
Restricted Shares and Restricted Share Units
The fair values of restricted shares and time-based restricted share units ("RSUs") are measured at grant date and recognized over the period during which the restricted shares and RSUs