Notes to the consolidated financial statements 30 June 2022 (continued) 1 Segment information (continued) (b) Segment results Year ended 30 June 2022 Nickel Business Lithium Business Tropicana Operation (Discontinued) Growth Total $M $M $M $M $M Nickel revenue 670.3 - - - 670.3 Copper revenue 126.4 - - - 126.4 Cobalt revenue 37.6 - - - 37.6 Silver revenue 1.3 - - - 1.3 Shipping and insurance service revenue 9.6 - - - 9.6 Other revenue 55.4 - - - 55.4 Total segment revenue 900.6 - - - 900.6 Segment operating profit/(loss) before income tax 456.8 176.7 - (73.7) 559.8 SPACE Total segment assets 2,165.2 1,994.5 - 242.7 4,402.4 SPACE Total segment liabilities 214.6 - - 6.8 221.4 SPACE Acquisition of property, plant and equipment 11.8 - - - 11.8 SPACE Depreciation and amortisation 173.0 - - - 173.0 Impairment of assets - - - 3.0 3.0 SPACE Other non-cash expenses 0.7 - - - 0.7 Year ended 30 June 2021 Nickel Business Lithium Business Tropicana Operation (Discontinued) Growth Total $M $M $M $M $M Nickel revenue 472.9 - - - 472.9 Gold revenue - - 241.9 - 241.9 Copper revenue 116.5 - - - 116.5 Cobalt revenue 23.1 - - - 23.1 Silver revenue 1.5 - 1.4 - 2.9 Shipping and insurance service revenue 5.8 - - - 5.8 Other revenue 49.0 - - - 49.0 Total segment revenue 668.8 - 243.3 - 912.1 Segment net operating profit/(loss) before income tax 262.9 - 67.3 (63.4) 266.8 SPACE Total segment assets 1,086.4 1,856.0 - 101.0 3,043.4 SPACE Total segment liabilities 100.3 - - 4.0 104.3 SPACE Acquisition of property, plant and equipment 8.4 - 3.8 - 12.2 Notes to the consolidated financial statements 30 June 2022 (continued) 1 Segment information (continued) (b) Segment results (continued) Year ended 30 June 2021 Nickel Business Lithium Business Tropicana Operation (Discontinued) Growth Total $M $M $M $M $M SPACE Depreciation and amortisation 173.0 - 51.7 - 224.7 SPACE Other non-cash expenses 0.4 - 0.2 - 0.6 Notes to the consolidated financial statements 30 June 2022 (continued) 1 Segment information (continued) (c) Segment revenue A reconciliation of reportable segment revenue to total revenue from continuing operations is as follows: 2022 $M 2021 $M Total revenue for reportable segments 900.6 912.1 Elimination of discontinued operation - (243.3) Interest revenue 2.2 2.9 Total revenue from continuing operations 902.8 671.7 Revenues for the Nova Operation were received from BHP Nickel West Pty Ltd and Trafigura Pte. Ltd. Revenues for the Tropicana Operation in the previous financial year were received from The Perth Mint, Australia and the Company's financiers via forward sales contracts. (d) Segment net profit before income tax A reconciliation of reportable segment profit before income tax to profit before discontinued operations and income tax is as follows: 2022 $M 2021 $M Segment profit before income tax 559.8 266.8 Elimination of discontinued operation - (67.3) Interest revenue on Group cash balances 2.2 2.9 Fair value movement of financial investments 11.4 10.0 Share-based payments expense (6.3) (4.9) Corporate and other costs and unallocated other income (25.4) (18.5) Borrowing and finance costs (4.5) (25.2) Acquisition and other integration costs (71.1) (4.6) Depreciation expense on unallocated assets (2.6) (2.6) Total profit before income tax from continuing operations 463.5 156.6 (e) Segment assets A reconciliation of reportable segment assets to total assets is as follows: 2022 $M 2021 $M Total assets for reportable segments 4,402.4 3,043.4 Unallocated assets: Deferred tax assets 26.6 30.7 Listed equity securities 208.4 110.9 Cash and receivables held by the parent entity 190.3 410.5 Office and general plant and equipment 16.7 13.2 Other assets 0.8 - Total assets as per the balance sheet 4,845.2 3,608.7 Notes to the consolidated financial statements 30 June 2022 Notes to the consolidated financial statements 30 June 2022 94 — IGO ANNUAL REPORT 2022 IGO ANNUAL REPORT 2022 — 95
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