INDEPENDENCE GROUP NL ANNUAL REPORT 2017

Notes to the consolidated financial statements 30 June 2017 (continued) 30 Deed of cross guarantee (continued) (b) Consolidated balance sheet (continued) 2017 $'000 2016 $'000 ASSETS Current assets Cash and cash equivalents 35,215 43,832 Trade and other receivables 56,354 27,086 Inventories 22,900 17,540 Financial assets at fair value through profit or loss 15,339 4,989 Derivative financial instruments 657 784 Total current assets 130,465 94,231 Non-current assets Receivables 4 4 Property, plant and equipment 22,726 22,242 Mine properties 1,409,430 1,270,512 Exploration and evaluation expenditure 39,850 39,350 Deferred tax assets 247,576 215,406 Investments in controlled entities 161,581 139,494 Investments in joint ventures 311,457 306,151 Derivative financial instruments - 799 Total non-current assets 2,192,624 1,993,958 TOTAL ASSETS 2,323,089 2,088,189 LIABILITIES Current liabilities Trade and other payables 66,495 120,150 Borrowings 56,226 43,154 Derivative financial instruments 965 2,487 Provisions 15,259 2,000 Total current liabilities 138,945 167,791 Non-current liabilities Borrowings 140,815 222,672 Derivative financial instruments 251 - Provisions 52,916 48,567 Deferred tax liabilities 92,398 52,137 Total non-current liabilities 286,380 323,376 TOTAL LIABILITIES 425,325 491,167 NET ASSETS 1,897,764 1,597,022 EQUITY Contributed equity 1,878,469 1,601,458 Other reserves 13,449 12,881 Retained earnings (accumulated losses) 5,846 (17,317) TOTAL EQUITY 1,897,764 1,597,022 Independence Group NL 87 IGO ANNUAL REPORT 2017— 117 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017