INDEPENDENCE GROUP NL ANNUAL REPORT 2017

Consolidated statement of changes in equity For the year ended 30 June 2017 Issued capital $'000 Accumulated losses $'000 Hedging reserve $'000 Share- based payments reserve $'000 Acquisition reserve $'000 Foreign currency translation reserve $'000 Total equity $'000 Balance at 1 July 2015 737,324 (88,020) - 13,057 3,142 (8) 665,495 Adjustment on adoption of AASB 9 (net of tax) - 1,036 (1,036) - - - - Restated total equity at 1 July 2015 737,324 (86,984) (1,036) 13,057 3,142 (8) 665,495 Loss for the period - (58,770) - - - - (58,770) Other comprehensive income Effective portion of changes in fair value of cash flow hedges, net of tax - - 404 - - - 404 Total comprehensive loss for the period - (58,770) 404 - - - (58,366) Transactions with owners in their capacity as owners: Dividends paid - (12,786) - - - - (12,786) Share-based payments expense - - - 819 - - 819 Issue of shares - Employee Performance Rights Plan 3,505 - - (3,505) - - - Shares issued on acquisition of subsidiary 860,629 - - - - - 860,629 Balance at 30 June 2016 1,601,458 (158,540) (632) 10,371 3,142 (8) 1,455,791 The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes. Independence Group NL 36 66 — IGO ANNUAL REPORT 2017 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2017