INDEPENDENCE GROUP NL ANNUAL REPORT 2017

Notes to the consolidated financial statements 30 June 2017 (continued) 1 Segment information (continued) (c) Segment revenue A reconciliation of reportable segment revenue to total revenue is as follows: 2017 $'000 2016 $'000 Revenue from external customers 419,925 411,941 Other revenue from continuing operations 2,001 1,247 Total revenue 421,926 413,188 Revenues for the Long Operation are all derived from a single customer, being BHP Billiton Nickel West Pty Ltd. Revenues for the Jaguar Operation were derived from multiple customers during the year. Revenues for the Tropicana Operation were derived from multiple customers during the year. (d) Segment net profit (loss) before income tax A reconciliation of reportable segment net profit before income tax to net profit (loss) before income tax is as follows: 2017 $'000 2016 $'000 Segment net operating profit before income tax 42,848 20,514 Interest revenue on corporate cash balances and other unallocated revenue 2,001 1,247 Fair value movement of corporate financial investments 4,362 2,396 Share-based payments expense (1,147) (819) Other corporate costs and unallocated other income (16,570) (16,298) Borrowing and finance costs (26) (64) Acquisition and other integration costs (3,910) (65,137) Depreciation expense on corporate assets (1,141) (1,051) Total net profit (loss) before tax 26,417 (59,212) (e) Segment assets A reconciliation of reportable segment assets to total assets is as follows: 2017 $'000 2016 $'000 Total assets for reportable segments 2,760,761 2,376,477 Intersegment eliminations (847,104) (616,812) Unallocated assets: Deferred tax assets 251,429 219,427 Listed equity securities 15,339 4,989 Cash and receivables held by the parent entity 24,171 18,967 Office and general plant and equipment 3,887 4,343 Total assets as per the balance sheet 2,208,483 2,007,391 Independence Group NL 43 IGO ANNUAL REPORT 2017— 73 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017