INDEPENDENCE GROUP NL ANNUAL REPORT 2017

Consolidated statement of profit or loss and other comprehensive income For the year ended 30 June 2017 Notes 2017 $'000 2016 $'000 Revenue from continuing operations 2 421,926 413,188 Other income 3 - 3,862 Mining, development and processing costs (146,135) (139,931) Employee benefits expense (64,740) (66,975) Share-based payments expense (1,147) (819) Fair value movement of financial investments 4,343 2,374 Depreciation and amortisation expense (89,773) (99,695) Rehabilitation and restoration borrowing expense (1,232) (707) Exploration costs expensed (20,139) (19,720) Royalty expense (14,391) (12,557) Ore tolling expense (9,606) (10,092) Shipping and wharfage costs (12,092) (16,143) Borrowing and finance costs (26) (76) Impairment of exploration and evaluation expenditure 15 (24,891) (35,518) Impairment of other assets (135) - Acquisition and other integration costs (3,910) (65,137) Other expenses (11,635) (11,266) Profit (loss) before income tax 26,417 (59,212) Income tax (expense) benefit 5 (9,406) 442 Profit (loss) for the period 17,011 (58,770) Other comprehensive income Items that may be reclassified to profit or loss Effective portion of changes in fair value of cash flow hedges, net of tax 241 404 Exchange differences on translation of foreign operations 4 - Other comprehensive income for the period, net of tax 245 404 Total comprehensive income (loss) for the period 17,256 (58,366) Profit (loss) for the period attributable to the members of Independence Group NL 17,011 (58,770) Total comprehensive income (loss) for the period attributable to the members of Independence Group NL 17,256 (58,366) Cents Cents Earnings (loss) per share for profit (loss) attributable to the ordinary equity holders of the Company: Basic earnings (loss) per share 6 2.93 (13.12) Diluted earnings (loss) per share 6 2.92 (13.12) The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes. Independence Group NL 34 64 — IGO ANNUAL REPORT 2017 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2017