IGO Interactive Annual Report 2019

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 2019 Other comprehensive (loss)/income for the period, net of tax (1,054) 1,784 Total comprehensive income for the period 92,576 53,580 Summary of movements in consolidated accumulated losses 2019 $'000 2018 $'000 Accumulated losses at the beginning of the financial year (77,338) (120,540) Profit for the year 93,630 51,796 Dividends paid (23,619) (11,736) Transfer from acquisition reserve - 3,142 Accumulated losses at the end of the financial year (7,327) (77,338) (b) Consolidated balance sheet Set out below is a consolidated balance sheet as at 30 June 2019 of the closed group consisting of Independence Group NL, Independence Nova Holdings Pty Ltd and Independence Nova Pty Ltd. Independence Long Pty Ltd is also included in the consolidated balance sheet at 30 June 2018. Independence Group NL 58 Notes to the consolidated financial statements 30 June 2019 (continued) 28 De d of cross guarantee (continued) (b) Consolidated balance sheet (continued) 2019 $'000 2018 $'000 ASSETS Current assets Cash and cash equivalents 346,451 136,276 Trade and other receivables 45,486 81,238 Inventories 25,889 45,247 Financial assets at fair value through profit or loss 26,732 22,376 Derivative financial instruments 484 1,990 Total current assets 445,042 287,127 Non-current assets Receivables 14,998 29,485 Property, plant and equipment 23,088 14,140 Mine properties 1,116,014 1,250,298 Exploration and evaluation expenditure 36,338 34,600 Deferred tax assets 172,694 203,995 Investments in controlled entities 35,195 35,195 Investments in joint ventures 384,364 343,416 Total non-current assets 1,782,691 1,911,129 TOTAL ASSETS 2,227,733 2,198,256 LIABILITIES Current liabilities Trade and other payables 96,891 107,284 Borrowings 56,226 56,226 Provisions 5,180 4,894 Total current liabilities 158,297 168,404 Non-current liabilities Borrowings 28,363 84,589 Provisions 39,018 41,958 Deferred tax liabilities 97,761 86,816 Total non-current liabilities 165,142 213,363 TOTAL LIABILITIES 323,439 381,767 NET ASSETS 1,904,294 1,816,489 EQUITY Contributed equity 1,895,855 1,879,094 Reserves 15,766 14,733 Accumulated losses (7,327) (77,338) TOTAL EQUITY 1,904,294 1,816,489 Independence Group NL 59 28 Deed of cross guarantee (continued) 118 — IGO ANNUAL REPORT 2019