IGO Interactive Annual Report 2018
Notes to the consolidated financial statements 30 June 2018 (continued) 1 Segment information (continued) (c) Segment revenue A reconciliation of reportable segment revenue to total revenue is as follows: 2018 $'000 2017 $'000 Revenue from external customers 766,098 419,925 Other revenue from continuing operations 11,848 2,001 Total revenue 777,946 421,926 Revenues for the Nova Operation were received from BHP Billiton Nickel West Pty Ltd (BHP Billiton Nickel West), Glencore International AG and Trafigura Pte Ltd. Revenues for the Jaguar Operation were received from Glencore International AG and Trafigura Pte Ltd. Revenues for the Tropicana Operation were received from The Perth Mint, Australia and the Company's financiers via forward sales contracts. Revenues for the Long Operation are all derived from a single customer, being BHP Billiton Nickel West. (d) Segment net profit before income tax A reconciliation of reportable segment net profit before income tax to net profit before income tax is as follows: 2018 $'000 2017 $'000 Segment net operating profit before income tax 93,786 42,848 Interest revenue on corporate cash balances and other unallocated revenue 11,848 2,001 Fair value movement of corporate financial investments (587) 4,362 Share-based payments expense (3,267) (1,147) Other corporate costs and unallocated other income (15,055) (16,570) Borrowing and finance costs (9,089) (26) Acquisition and other integration costs - (3,910) Depreciation expense on corporate assets (1,108) (1,141) Net gain on disposal of subsidiary and other assets 2,538 - Total net profit before income tax 79,066 26,417 (e) Segment assets A reconciliation of reportable segment assets to total assets is as follows: 2018 $'000 2017 $'000 Total assets for reportable segments 2,770,800 2,760,761 Intersegment eliminations (989,296) (847,104) Unallocated assets: Deferred tax assets 207,271 251,429 Listed equity securities 22,376 15,339 Cash and receivables held by the parent entity 159,595 24,171 Office and general plant and equipment 4,182 3,887 Total assets as per the balance sheet 2,174,928 2,208,483 Independence Group NL 11 IGO ANNUAL REPORT 2018— 75 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 2018
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