IGO Sustainability Report

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52 Independence Group NL
OPERATING PERFORMANCE
In FY2015, IGO succeeded in meeting or bettering all of its
production and cash cost guidance for all three operating
mines, Tropicana, Jaguar and Long. Notably, revenue and
net cash flow from operating activities were the highest
achieved in IGO’s 13-year history. Importantly, safety
performance as measured by Lost Time Injuries and Total
Reportable Injuries improved by greater than 60% and
60% respectively. Elsewhere, we progressed brownfields
and greenfields exploration and acquired a 4.9% stake in
Gold Road Resources.
For further information on IGO’s operational performance,
refer to the FY2015 Annual Report.
FY2015 FINANCIAL
PERFORMANCE
• Revenue increased by 25% to $499.0 million, a record
level for IGO.
• Underlying earnings before interest, taxes,
depreciation, and amortisation (EBITDA) increased by
44% to $213 million, a record level for IGO.
• Net profit after tax increased by 57% to $77 million.
• Net cash flows from operating activities increased by
59% to $202 million.
• Net cash, cash equivalents and debt improved 430%
to $120 million as at 30 June 2015.
• Total fully-franked dividends paid during FY2015 were
up 275% to 11 cents per share.
• Final Dividend pool of $10.5 million established with a
record date to be set on or before 30 September 2015.
• $550 million unsecured term corporate finance
facilities agreed.
For further information on IGO’s financial performance,
refer to the FY2015 Annual Report.
SOCIO-ECONOMIC
CONTRIBUTIONS
IGO’s socio-economic contributions can be measured by
the salaries and other employment benefits we provide
to our staff, the money we spend on contractors and
consultants, the money we pay in taxes and royalties, and
through our corporate giving.
Socio-economic Contributions
Salaries (excluding Tropicana JV) $60.9 million
Tax & State royalties (including IGO’s
part of Tropicana JV)
$19.2 million
Corporate giving $0.21 million
During 2013, the Department of Mines and Petroleum
(DMP) collected more than $4.8 billion in royalties
(as opposed to taxation of company income) from
mineral producers in Western Australia (refer to
). As part of general
revenue, the State Government used this revenue to
contribute to funding in areas such as law enforcement,
education, health, roads and community development
programs. IGO made royalty payments totalling
approximately $16 million in FY2015 (this includes 30% of
the royalty paid by AngloGold Ashanti for Tropicana gold).
In FY2015, IGO spent a total of $214,000 on community
development and related projects and activities. This
equates to approximately 0.04% of total revenues.