2021 Annual Report

Notes to the consolidated financial statements 30 June 2021 (continued) 31 Deed of cross guarantee (continued) (b) Consolidated balance sheet Set out below is a consolidated balance sheet as at 30 June 2021 of the closed group consisting of IGO Limited, IGO Nova Holdings Pty Ltd and IGO Nova Pty Ltd. 2021 $'000 2020 $'000 ASSETS Current assets Cash and cash equivalents 528,514 502,842 Trade receivables 81,857 65,861 Inventories 34,013 26,304 Financial assets at fair value through profit or loss 107,407 105,065 Derivative financial instruments 2,751 64 Total current assets 754,542 700,136 Non-current assets Receivables 1,872,327 - Property, plant and equipment 34,134 28,657 Right-of-use assets 24,710 28,386 Mine properties 804,103 960,352 Exploration and evaluation expenditure 36,338 36,338 Deferred tax assets 30,721 111,113 Derivative financial instruments - 284 Investments in controlled entities 35,139 35,195 Investments in joint ventures - 429,706 Total non-current assets 2,837,472 1,630,031 TOTAL ASSETS 3,592,014 2,330,167 LIABILITIES Current liabilities Trade and other payables 43,263 92,407 Borrowings - 56,937 Lease liabilities 4,421 4,869 Current tax liabilities 171,952 - Provisions 8,721 7,058 Total current liabilities 228,357 161,271 Non-current liabilities Lease liabilities 20,627 24,033 Provisions 47,292 40,273 Deferred tax liabilities 104,186 106,490 Total non-current liabilities 172,105 170,796 TOTAL LIABILITIES 400,462 332,067 NET ASSETS 3,191,552 1,998,100 EQUITY Contributed equity 2,648,574 1,897,126 Reserves 505,544 18,889 Retained earnings 37,434 82,085 TOTAL EQUITY 3,191,552 1,998,100 IGO Limited 63 Notes to The Consolidated Financial Statements 30 June 2021 IGO ANNUAL REPORT 2021 — 131