IGO Interactive Annual Report 2018

Notes to the consolidated financial statements 30 June 2018 (continued) 3 Other income 2018 $'000 2017 $'000 Net gain on disposal of property, plant and equipment 135 - Net gain on sale of tenements 13 - Net gain on sale of subsidiary 2,541 - 2,689 - 4 Expenses and losses 2018 $'000 2017 $'000 Cost of sale of goods 373,725 235,134 Employee benefits expenses 88,795 64,740 Share-based payments expense 3,267 1,147 Exploration and growth costs 38,926 20,139 Rental expense relating to operating leases 1,872 1,597 Impairment of exploration and evaluation expenditure - 24,891 Impairment of assets - 135 Net loss of sale of property, plant and equipment - 613 Net foreign exchange losses 582 570 Amortisation expense 237,993 76,652 Depreciation Depreciation expense 14,140 14,427 Less : amounts capitalised - (1,306) Depreciation expensed 14,140 13,121 Borrowing and finance costs Rehabilitation and restoration borrowing costs 1,609 1,232 Borrowing and finance costs - other entities 8,174 8,706 Amortisation of borrowing costs 916 4,099 Less: amounts capitalised - (12,779) Finance costs expensed 10,699 1,258 Independence Group NL 13 IGO ANNUAL REPORT 2018— 77 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 30 JUNE 2018