2021 Annual Report

Notes to the consolidated financial statements 30 June 2021 (continued) 30 Parent entity financial information (a) Summary financial information The following information relates to the parent entity, IGO Limited, at 30 June. 2021 $'000 2020 $'000 Balance sheet Current assets 517,145 583,089 Non-current assets 2,861,434 1,552,565 Total assets 3,378,579 2,135,654 Current liabilities 190,574 86,725 Non-current liabilities 20,546 88,307 Total liabilities 211,120 175,032 Net assets 3,167,459 1,960,622 (3,167,459) (1,960,622) Equity Contributed equity 2,648,574 1,897,126 Reserves Distributable profits reserve 483,171 - Hedging reserve - 44 Share-based payments reserve 20,447 18,645 Retained earnings 15,267 44,807 Total equity 3,167,459 1,960,622 2021 $'000 2020 $'000 Profit for the year 483,171 235,432 Other comprehensive income for the period (44) (92) Total comprehensive income for the year 483,127 235,340 (b) Guarantees entered into by the parent entity The parent entity has no unsecured guarantees in respect of finance leases of subsidiaries (2020: $nil). There are cross guarantees given by IGO Limited, IGO Nova Holdings Pty Ltd and IGO Nova Pty Ltd as described in note 31. No deficiencies of assets exist in any of these companies. (c) Contingent liabilities of the parent entity The parent entity did not have any contingent liabilities as at 30 June 2021 or 30 June 2020. (d) Contractual commitments for the acquisition of property, plant or equipment The parent entity has outstanding contractual commitments for the acquisition of property, plant and equipment at 30 June 2021 of $4,800,000 relating to the corporate office fitout (2020: $nil). IGO Limited 61 Notes to The Consolidated Financial Statements 30 June 2021 IGO ANNUAL REPORT 2021 — 129