IGO Interactive Annual Report 2019

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 2019 Notes to the consolidated financial statements 30 June 2019 (continued) 27 Parent entity financial information (a) Summary financial information The following information relates to the parent entity, Independence Group NL, at 30 June. 2019 $'000 2018 $'000 Balance sheet Current assets 432,362 183,409 Non-current assets 1,550,426 1,773,911 Total assets 1,982,788 1,957,320 Current liabilities 80,620 80,027 Non-current liabilities 98,663 153,744 Total liabilities 179,283 233,771 Net assets 1,803,505 1,723,549 (1,803,505) (1,723,549) Equity Contributed equity 1,895,855 1,879,094 Reserves Hedging reserve 136 464 Share-based payments reserve 15,427 13,340 Accumulated losses (107,913) (169,349) Total equity 1,803,505 1,723,549 2019 $'000 2018 $'000 Profit for the year 85,055 50,612 Other comprehensive income for the period (329) 531 Total comprehensive income for the year 84,726 51,143 (b) Guarantees entered into by the parent entity The parent entity has no unsecured guarantees in respect of finance leases of subsidiaries (2018: $nil). There are cross guarantees given by Independence Group NL, Independence Nova Holdings Pty Ltd and Independence Nova Pty Ltd as described in note 28. No deficiencies of assets exist in any of these companies. (c) Contingent liabilities of the parent entity The parent entity did not have any contingent liabilities as at 30 June 2019 or 30 June 2018. (d) Contractual commitments for the acquisition of property, plant or equipment The parent entity did not have any outstanding contractual commitments for the acquisition of property, plant and equipment at 30 June 2019 or 30 June 2018. Independence Group NL 56 116 — IGO ANNUAL REPORT 2019