INDEPENDENCE GROUP NL ANNUAL REPORT 2017

Consolidated balance sheet As at 30 June 2017 Notes 2017 $'000 2016 $'000 ASSETS Current assets Cash and cash equivalents 7 35,763 46,264 Trade and other receivables 8 59,383 30,900 Inventories 9 63,158 46,498 Financial assets at fair value through profit or loss 10 15,348 5,017 Derivative financial instruments 20 657 784 Assets classified as held for sale 23 44,797 - Total current assets 219,106 129,463 Non-current assets Receivables 14 14 Inventories 9 20,077 31,995 Property, plant and equipment 13 44,922 47,309 Mine properties 14 1,612,919 1,470,851 Exploration and evaluation expenditure 15 60,016 107,533 Deferred tax assets 5 251,429 219,427 Derivative financial instruments 20 - 799 Total non-current assets 1,989,377 1,877,928 TOTAL ASSETS 2,208,483 2,007,391 LIABILITIES Current liabilities Trade and other payables 11 49,052 107,132 Borrowings 16 56,226 43,154 Derivative financial instruments 20 965 2,487 Provisions 12 15,259 6,901 Total current liabilities 121,502 159,674 Non-current liabilities Borrowings 16 140,815 222,672 Derivative financial instruments 20 251 - Provisions 12 73,228 68,305 Deferred tax liabilities 5 139,903 100,949 Total non-current liabilities 354,197 391,926 TOTAL LIABILITIES 475,699 551,600 NET ASSETS 1,732,784 1,455,791 EQUITY Contributed equity 17 1,878,469 1,601,458 Reserves 18 13,445 12,873 Accumulated losses (159,130) (158,540) TOTAL EQUITY 1,732,784 1,455,791 The above consolidated balance sheet should be read in conjunction with the accompanying notes. Independence Group NL 35 IGO ANNUAL REPORT 2017— 65 CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2017