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Annual Report 2016 59
DIRECTORS’ REPORT
Directors' report
30 June 2016
(continued)
Insurance of officers and indemnities
During the financial year, the Company paid an insurance premium in respect of a contract insuring the Directors and
executive officers of the Company and of any related body corporate against a liability incurred as such a Director or
executive officer to the extent permitted by the Corporations Law. The contract of insurance prohibits disclosure of the
nature of the liability and the amount of the premium.
The Company has not otherwise, during or since the end of the financial year, indemnified or agreed to indemnify an
officer of the Company or of any related body corporate against a liability incurred by such an officer.
Proceedings on behalf of the company
No person has applied to the Court under section 237 of the
Corporations Act 2001
for leave to bring proceedings on
behalf of the Company, or to intervene in any proceedings to which the Company is a party, for the purpose of taking
responsibility on behalf of the Company for all or part of those proceedings.
The Company was not a party to any such proceedings during the year.
Non-audit services
The Company may decide to employ the auditor on assignments additional to their statutory audit duties where the
auditor's expertise and experience with the Company and/or the Group are important.
Details of the amounts paid or payable to the auditor BDO Audit (WA) Pty Ltd for non-audit services provided during the
year are set out below.
The Directors are satisfied that the provision of the non-audit services is compatible with the general standard of
independence for auditors imposed by the Corporations Act 2001. The Directors are satisfied that the provision of
non-audit services by the auditor did not compromise the auditor independence requirements of the
Corporations Act
2001
nor the principles set out in APES110
Code of Ethics for Professional Accountants
.
During the period the following fees were paid or payable for non-audit services provided by the auditor of the parent
entity, its related practices and non-related audit firms:
2016
$
2015
$
Other services
BDO Audit (WA) Pty Ltd firm:
Other services in relation to the entity and any other entity in the consolidated
Group
38,158
35,913
Total remuneration for non-audit services
38,158
35,913
Auditor's independence declaration
A copy of the auditor's independence declaration as required under section 307C of the
Corporations Act 2001
is set out
on page 60.
Rounding of amounts
The Company is of a kind referred to in ASIC Corporation Legislative Instrument 2016/191, issued by the Australian
Securities and Investments Commission, relating to the 'rounding off' of amounts in the directors' report. Amounts in the
directors' report have been rounded off in accordance with that Legislative Instrument to the nearest thousand dollars,
or in certain cases, to the nearest dollar.
This report is made in accordance with a resolution of Directors.
Peter Bradford
Managing Director
Perth, Western Australia
Dated this 30th day of August 2016
Independence Group NL
30