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Annual Report 2016 35

DIRECTORS’ REPORT

Directors' report

30 June 2016

(continued)

Operating and financial review (continued)

Below is a reconciliation of Underlying EBITDA to NPAT for FY16:

Depreciation and amortisation expense (D&A) of $99.7 million was in line with the previous financial year (2015: $98.6

million) and includes $50.3 million relating to Tropicana, $25.7 million to Jaguar Operation, $22.5 million to Long

Operation and the balance to corporate assets.

Operations

Tropicana Gold Mine

The table below outlines the key results and operational statistics during the current and prior year.

Independence Group NL

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