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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
Annual Report 2016 113
Notes to the consolidated financial statements
30 June 2016
(continued)
28 Parent entity financial information
(a) Summary financial information
The following information relates to the parent entity, Independence Group NL, at 30 June.
2016
$'000
2015
$'000
Balance sheet
Current assets
54,755
115,225
Non-current assets
1,846,030
614,930
Total assets
1,900,785
730,155
Current liabilities
124,219
24,717
Non-current liabilities
275,895
38,914
Total liabilities
400,114
63,631
Net assets
1,500,671
666,524
(1,500,671)
(666,524)
Equity
Issued capital
1,601,458
737,324
Reserves
Acquisition reserve
3,142
3,142
Hedging reserve
(1,322)
-
Share-based payments reserve
10,371
13,057
Accumulated losses
(112,978)
(86,999)
Total equity
1,500,671
666,524
2016
$'000
2015
$'000
(Loss) profit for the year
(14,229)
73,736
Other comprehensive income for the period
-
-
Total comprehensive (loss) income for the year
(14,229)
73,736
(b) Guarantees entered into by the parent entity
The parent entity has no unsecured guarantees in respect of finance leases of subsidiaries (2015: $510,000).
There are cross guarantees given by Independence Group NL, Independence Long Pty Ltd, Independence Jaguar Pty
Ltd, Independence Nova Holdings Pty Ltd and Independence Nova Pty Ltd as described in note 29. 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 2016 or 30 June 2015.
(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 2016 or 30 June 2015.
(e) Recognition and measurement
The financial information for the parent entity has been prepared on the same basis as the consolidated financial
statements, except as set out below.
Independence Group NL
85