INDEPENDENCE GROUP NL ANNUAL REPORT 2017

Notes to the consolidated financial statements 30 June 2017 (continued) Invested Capital This section of the notes provides further information about property, plant and equipment, mine properties and exploration and evaluation expenditure and the carrying amount of these non-financial assets, including accounting policies, key judgements and estimates relevant to understanding these items. 13 Property, plant and equipment Land and buildings $'000 Mining plant and equipment $'000 Furniture, fittings and other equipment $'000 Motor vehicles $'000 Assets under construction $'000 Total $'000 Year ended 30 June 2017 Cost 37,652 140,391 13,137 7,008 3,989 202,177 Accumulated depreciation and impairment (23,030) (120,090) (9,354) (4,781) - (157,255) Net book amount 14,622 20,301 3,783 2,227 3,989 44,922 Movements Opening net book amount 19,095 19,514 4,069 2,097 2,534 47,309 Acquisition of subsidiary - - 44 120 - 164 Additions 290 7,338 1,130 1,046 3,763 13,567 Assets included in a disposal group classified as held for sale (996) - (17) - - (1,013) Transfers - 3,127 185 - (2,308) 1,004 Disposals (1,024) (509) (14) - - (1,547) Depreciation charge (2,608) (9,169) (1,614) (1,036) - (14,427) Impairment loss (135) - - - - (135) Closing net book amount 14,622 20,301 3,783 2,227 3,989 44,922 Year ended 30 June 2016 Cost 39,383 133,754 11,773 5,900 2,534 193,344 Accumulated depreciation and impairment (20,288) (114,240) (7,704) (3,803) - (146,035) Net book amount 19,095 19,514 4,069 2,097 2,534 47,309 Movements Opening net book amount 20,041 20,086 2,467 1,219 3,431 47,244 Acquisition of subsidiary 1,113 1,010 510 788 11 3,432 Additions 412 6,045 1,777 780 1,378 10,392 Transfers 1,332 2,297 847 70 (2,286) 2,260 Disposals (127) (87) (22) (24) - (260) Depreciation charge (3,676) (9,837) (1,510) (736) - (15,759) Closing net book amount 19,095 19,514 4,069 2,097 2,534 47,309 (a) Non-current assets pledged as security Refer to note 16 for information on non-current assets pledged as security by the Group. Independence Group NL 55 IGO ANNUAL REPORT 2017— 85 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017