IGO Interactive Annual Report 2020

Consolidated statement of cash flows For the year ended 30 June 2020 Notes 2020 $'000 2019 $'000 Cash flows from operating activities Receipts from customers (inclusive of GST) 888,888 841,684 Payments to suppliers and employees (inclusive of GST) (422,782) (426,194) 466,106 415,490 Interest and other costs of finance paid (3,279) (4,538) Interest received 5,284 3,973 Payments for exploration and evaluation (70,594) (54,123) Receipts from other operating activities - 11,508 Net cash inflow from operating activities 7(a) 397,517 372,310 Cash flows from investing activities Payments for property, plant and equipment (17,052) (16,384) Payment for rehabilitation expenditure (278) - Proceeds from sale of property, plant and equipment and other investments 11,466 3,268 Payments for development expenditure (67,508) (78,056) Payments for purchase of listed investments (54,921) (6,652) Payments for capitalised exploration and evaluation expenditure (3,111) (11,753) Proceeds on sale of Stockman Project - 10,000 Proceeds on sale of Jaguar Operation 16,060 16,764 Net cash (outflow) from investing activities (115,344) (82,813) Cash flows from financing activities Repayment of borrowings 17 (28,571) (57,142) Principal element of lease payments (5,676) - Payment of dividends 20 (82,712) (23,619) Net cash (outflow) from financing activities (116,959) (80,761) Net increase in cash and cash equivalents 165,214 208,736 Cash and cash equivalents at the beginning of the period 348,208 138,688 Effects of exchange rate changes on cash and cash equivalents (3,110) 784 Cash and cash equivalents at the end of the period 7 510,312 348,208 The above consolidated statement of cash flows should be read in conjunction with the accompanying notes. IGO Limited 5 Consolidated statement of changes in equity For the year ended 30 June 2020 Contributed equity $'000 Accumulated losses $'000 Hedging reserve $'000 Share- based payments reserve $'000 Foreign currency translation reserve $'000 Total equity $'000 Balance at 1 July 2018 1,879,094 (115,038) 1,393 13,340 38 1,778,827 Profit for the period - 76,085 - - - 76,085 Other comprehensive income Effective portion of changes in fair value of cash flow hedges, net of tax - - (1,054) - - (1,054) Currency translation differences - current period - - - - (27) (27) Total comprehensive income for the period - 76,085 (1,054) - (27) 75,004 Transactions with owners in their capacity as owners: Dividends paid - (23,619) - - - (23,619) Share-based payments expense - - - 3,123 - 3,123 Issue of shares - Employee Incentive Plan 1,036 - - (1,036) - - Shares issued on acquisition of Southern Hills Tenements 15,725 - - - - 15,725 Balance at 30 June 2019 1,895,855 (62,572) 339 15,427 11 1,849,060 Contributed equity $'000 (Accumulated losses)/ Retained earnings $'000 Hedging reserve $'000 Share- based payments reserve $'000 Foreign currency translation reserve $'000 Total equity $'000 Balance at 1 July 2019 1,895,855 (62,572) 339 15,427 11 1,849,060 Profit for the period - 155,093 - - - 155,093 Other comprehensive income Effective portion of changes in fair value of cash flow hedges, net of tax - - (95) - - (95) Currency translation differences - current period - - - - (26) (26) Total comprehensive income for the period - 155,093 (95) - (26) 154,972 Transactions with owners in their capacity as owners: Dividends paid - (82,712) - - - (82,712) Share-based payments expense - - - 4,489 - 4,489 Issue of shares - Employee Incentive Plan 1,271 - - (1,271) - - Balance at 30 June 2020 1,897,126 9,809 244 18,645 (15) 1,925,809 The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes. IGO Limited 4 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2020 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2020 76 — IGO ANNUAL REPORT 2020 IGO ANNUAL REPORT 2020— 77