INDEPENDENCE GROUP NL ANNUAL REPORT 2017

Consolidated statement of changes in equity For the year ended 30 June 2017 (continued) Issued capital $'000 Accumulated losses $'000 Hedging reserve $'000 Share- based payments $'000 Acquisition reserve $'000 Foreign currency translation reserve $'000 Total equity $'000 Balance at 1 July 2016 1,601,458 (158,540) (632) 10,371 3,142 (8) 1,455,791 Profit for the period - 17,011 - - - - 17,011 Other comprehensive income Effective portion of changes in fair value of cash flow hedges, net of tax - - 241 - - - 241 Currency translation differences - current period - - - - - 4 4 Total comprehensive income for the period - 17,011 241 - - 4 17,256 Transactions with owners in their capacity as owners: Dividends paid - (17,601) - - - - (17,601) Share-based payments expense - - - 1,147 - - 1,147 Issue of shares - Employee Performance Rights Plan 820 - - (820) - - - Shares issued on capital raising 281,459 - - - - - 281,459 Costs associated with capital raising (net of tax) (5,268) - - - - - (5,268) Balance at 30 June 2017 1,878,469 (159,130) (391) 10,698 3,142 (4) 1,732,784 The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes. Independence Group NL 37 IGO ANNUAL REPORT 2017— 67 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2017 (continued)