INDEPENDENCE GROUP NL ANNUAL REPORT 2017

Contents of the notes to the consolidated financial statements Financial Performance 71 1 Segment information 71 2 Revenue 74 3 Other income 75 4 Expenses and losses 75 5 Income tax 75 6 Earnings per share 79 Working Capital Provisions 80 7 Cash and cash equivalents 80 8 Trade and other receivables 81 9 Inventories 81 10 Financial assets at fair value through profit or loss 82 11 Trade and other payables 83 12 Provisions 83 Invested Capital 85 13 Property, plant and equipment 85 14 Mine properties 87 15 Exploration and evaluation 89 Capital structure and financing activities 91 16 Borrowings 91 17 Contributed equity 92 18 Reserves 94 19 Dividends paid and proposed 95 Risk 96 20 Derivatives 96 21 Financial risk management 98 Group structure 107 22 Acquisition of Windward Resources 107 23 Assets held for sale 107 24 Subsidiaries 108 Unrecognised items 109 25 Commitments and contingencies 109 26 Events occurring after the reporting period 110 Other information 110 27 Share-based payments 110 28 Related party transactions 113 29 Parent entity financial information 114 30 Deed of cross guarantee 115 31 Remuneration of auditors 118 32 Summary of significant accounting policies 118 70 — IGO ANNUAL REPORT 2017 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017