IGO Interactive Annual Report 2018

Notes to the consolidated financial statements 30 June 2018 (continued) 28 Parent entity financial information (a) Summary financial information The following information relates to the parent entity, Independence Group NL, at 30 June. 2018 $'000 2017 $'000 Balance sheet Current assets 183,409 82,428 Non-current assets 1,900,297 2,005,009 Total assets 2,083,706 2,087,437 Current liabilities 80,027 75,790 Non-current liabilities 153,744 204,385 Total liabilities 233,771 280,175 Net assets 1,849,935 1,807,262 (1,849,935) (1,807,262) Equity Contributed equity 1,879,094 1,878,469 Reserves Acquisition reserve - 3,142 Hedging reserve 464 (66) Share-based payments reserve 13,340 10,698 Accumulated losses (42,963) (84,981) Total equity 1,849,935 1,807,262 2018 $'000 2017 $'000 Profit for the year 50,612 45,598 Other comprehensive income for the period 531 1,256 Total comprehensive income for the year 51,143 46,854 (b) Guarantees entered into by the parent entity The parent entity has no unsecured guarantees in respect of finance leases of subsidiaries (2017: $nil). There are cross guarantees given by Independence Group NL, Independence Long 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 2018 or 30 June 2017. (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 2018 or 30 June 2017. Independence Group NL 55 IGO ANNUAL REPORT 2018— 119 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 2018