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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
116 Independence Group NL
Notes to the consolidated financial statements
30 June 2016
(continued)
29 Deed of cross guarantee (continued)
(b) Consolidated balance sheet (continued)
2016
$'000
2015
$'000
ASSETS
Current assets
Cash and cash equivalents
43,832
119,009
Trade and other receivables
27,086
19,179
Inventories
17,540
21,511
Financial assets at fair value through profit or loss
4,989
15,524
Derivative financial instruments
784
4,981
Total current assets
94,231
180,204
Non-current assets
Receivables
4
8
Property, plant and equipment
22,242
25,353
Mine properties
1,270,512
82,935
Exploration and evaluation expenditure
39,350
8,235
Deferred tax assets
215,406
130,725
Investments in controlled entities
139,494
139,333
Investments in joint ventures
306,151
316,150
Derivative financial instruments
799
-
Total non-current assets
1,993,958
702,739
TOTAL ASSETS
2,088,189
882,943
LIABILITIES
Current liabilities
Trade and other payables
120,150
52,389
Borrowings
43,154
510
Derivative financial instruments
2,487
2,384
Provisions
2,000
2,659
Total current liabilities
167,791
57,942
Non-current liabilities
Borrowings
222,672
-
Derivative financial instruments
-
717
Provisions
48,567
13,942
Deferred tax liabilities
52,137
21,267
Total non-current liabilities
323,376
35,926
TOTAL LIABILITIES
491,167
93,868
NET ASSETS
1,597,022
789,075
EQUITY
Contributed equity
1,601,458
737,324
Other reserves
12,881
16,199
Retained earnings
(17,317)
35,552
TOTAL EQUITY
1,597,022
789,075
Independence Group NL
88