IGO Interactive Annual Report 2020

Consolidated balance sheet As at 30 June 2020 Notes 2020 $'000 2019 $'000 ASSETS Current assets Cash and cash equivalents 7 510,312 348,208 Trade and other receivables 8 69,065 47,748 Inventories 9 75,670 70,274 Financial assets at fair value through profit or loss 10 107,759 27,531 Derivative financial instruments 21 64 484 Total current assets 762,870 494,245 Non-current assets Receivables 8 4 14,998 Inventories 9 67,911 52,594 Property, plant and equipment 13 48,580 41,622 Right-of-use assets 14 38,996 - Mine properties 15 1,159,621 1,311,376 Exploration and evaluation expenditure 16 95,030 95,197 Deferred tax assets 5 119,734 180,237 Derivative financial instruments 21 284 - Total non-current assets 1,530,160 1,696,024 TOTAL ASSETS 2,293,030 2,190,269 LIABILITIES Current liabilities Trade and other payables 11 53,013 49,902 Borrowings 17 56,937 56,226 Lease liabilities 14 6,235 - Provisions 12 7,058 5,180 Total current liabilities 123,243 111,308 Non-current liabilities Borrowings 17 - 28,363 Lease liabilities 14 33,550 - Provisions 12 68,641 63,626 Deferred tax liabilities 5 141,787 137,912 Total non-current liabilities 243,978 229,901 TOTAL LIABILITIES 367,221 341,209 NET ASSETS 1,925,809 1,849,060 EQUITY Contributed equity 18 1,897,126 1,895,855 Reserves 19(a) 18,874 15,777 Retained earnings/(accumulated losses) 19(b) 9,809 (62,572) TOTAL EQUITY 1,925,809 1,849,060 The above consolidated balance sheet should be read in conjunction with the accompanying notes. IGO Limited 3 Consolidated statement of profit or loss and other comprehensive income For the year ended 30 June 2020 Notes 2020 $'000 2019 $'000 Revenue from continuing operations 2 888,930 784,512 Other income 3 3,494 8,377 Mining, development and processing costs (249,486) (262,851) Employee benefits expense (62,511) (52,205) Share-based payments expense (4,489) (3,123) Fair value movement of financial investments 33,207 (6,915) Depreciation and amortisation expense (243,633) (237,118) Exploration and evaluation expense (72,694) (58,346) Royalty expense (35,075) (30,506) Shipping and wharfage costs (17,624) (18,340) Borrowing and finance costs (5,072) (6,638) Impairment of exploration and evaluation expenditure 16 (1,018) - Other expenses (14,517) (11,399) Profit before income tax 219,512 105,448 Income tax expense 5 (64,419) (29,363) Profit after income tax for the period 155,093 76,085 Other comprehensive income Items that may be reclassified to profit or loss Effective portion of changes in fair value of cash flow hedges, net of tax (95) (1,054) Exchange differences on translation of foreign operations (26) (27) Other comprehensive loss for the period, net of tax (121) (1,081) Total comprehensive income for the period 154,972 75,004 Profit for the period attributable to the members of IGO Limited 155,093 76,085 Total comprehensive income for the period attributable to the members of IGO Limited 154,972 75,004 Cents Cents Earnings per share for profit attributable to the ordinary equity holders of the Company: Basic earnings per share 6 26.25 12.89 Diluted earnings per share 6 26.13 12.84 The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes. IGO Limited 2 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020 CONSOLIDATED BALANCE SHEET FOR THE YEAR ENDED 30 JUNE 2020 Consolidated balance sheet As at 30 June 2020 Notes 2020 $' 0 2019 $' 00 ASSETS Current assets ash and cash equivalents 7 510,312 348,208 Trade and other receivables 8 69,065 7,74 Inventories 9 75,670 70,274 Fina cial assets at fair value through profit or loss 10 107,759 27,531 Derivative financial instruments 21 64 484 Total current assets 762,870 494,245 Non-current assets Receivabl s 8 4 14,998 Inventories 9 67,911 52,5 4 Property, plant and equipment 13 48,580 41,622 Right-of-use assets 4 3 ,996 - Mine properties 5 1,159,621 1,311,376 Exploration and evaluation expenditure 6 95,030 95,197 Deferred tax assets 5 119,7 4 180,23 rivative fin ncial instruments 21 28 - Total non-current assets 1,530,160 1,696,024 TOTAL ASSETS 2,293,030 2,190,269 LIABILITIES Current liabilities Trad and other payables 11 53,013 49,902 Borrowings 7 6,937 56,226 Lease liabilities 4 ,2 5 - Provisions 2 7,058 5,180 Total current liabilities 123,243 111,308 Non-current liabilities B rrowings 17 - 28,363 Lease liabilities 4 33,550 - Provisions 2 68,641 63,626 Deferred tax liabilities 5 141,787 137,912 Total non-current liabilities 243,978 229,901 TOTAL LIABILITIES 367,221 341,209 NET ASSETS 1,925,809 1,849,060 EQUITY Contributed equity 18 1,897,126 1,895,855 Reserves 19(a) 18,874 1 ,777 etained earnings/(accumulated losses) 19(b) 9,809 (62,572) TOTAL EQUITY 1,925,809 1,849,060 The above consolidated balance sheet should be read in conjunction with the accompanying notes. IGO Limited 3 74 — IGO ANNUAL REPORT 2020 IGO ANNUAL REPORT 2020— 75