2021 Annual Report

Consolidated Statement of Profit or Loss And Other Comprehensive Income For The Year Ended 30 June 2021 Consolidated statement of profit or loss and other comprehensive income For the year ended 30 June 2021 Notes 2021 $'000 2020 $'000 Revenue from continuing operations 2 671,739 598,852 Other income 3 3,666 3,567 Mining, development and processing costs (149,645) (159,916) Employee benefits expense (51,474) (46,786) Share-based payments expense (4,917) (4,489) Fair value movement of financial investments 9,958 33,207 Depreciation and amortisation expense (175,621) (171,199) Exploration and evaluation expense (61,495) (69,605) Royalty expense (29,532) (26,925) Shipping and wharfage costs (16,311) (17,624) Borrowing and finance costs (26,448) (4,235) Impairment of exploration and evaluation expenditure 16 - (1,018) Acquisition and transaction costs (4,550) - Other expenses (8,783) (12,599) Profit before income tax 156,587 121,230 Income tax expense 5 (39,821) (34,923) Profit from continuing operations 116,766 86,307 Profit from discontinued operation 23 431,895 68,786 Profit after income tax for the period 548,661 155,093 Other comprehensive income Items that may be reclassified to profit or loss Effective portion of changes in fair value of cash flow hedges, net of tax 1,682 (95) Exchange differences on translation of foreign operations 15 (26) Other comprehensive profit/(loss) for the period, net of tax 1,697 (121) Total comprehensive income for the period 550,358 154,972 Profit for the period attributable to the members of IGO Limited 548,661 155,093 Total comprehensive income for the period attributable to the members of IGO Limited 550,358 154,972 The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes. IGO Limited 2 Consolidated statement of profit or loss and other comprehensive income For the year ended 30 June 2021 Notes 2021 $'000 2020 $'000 Revenue from continuing operations 2 671,739 598,852 Other income 3 3,666 3,567 Mining, development and processing costs (149,645) (159,916) Employee benefits expense (51,474) (46,786) Share-based payments expense (4,917) (4,489) Fair value movement of financial investments 9,958 33,207 Depreciation and amortisation expense (175,621) (171,199) Exploration and evaluation expense (61,495) (69,605) Royalty expense (29,532) (26,925) Shipping and wharfage costs (16,311) (17,624) Borrowing and finance costs (26,448) (4,235) Impairment of exploration and evaluation expenditure 16 - (1,018) Acquisition and transaction costs (4,550) - Other expenses (8,783) (12,599) Profit before income tax 156,587 121,230 Income tax expense 5 (39,821) (34,923) Profit from continuing operations 116,766 86,307 Profit from discontinued operation 23 431,895 68,786 Profit after income tax for the period 548,661 155,093 Other comprehensive income Items that may be reclassified to profit or loss Effective portion of changes in fair value of cash flow hedges, net of tax 1,682 (95) Exchange differences on translation of foreign operations 15 (26) Other comprehensive profit/(loss) for the period, net of tax 1,697 (121) Total comprehensive income for the period 550,358 154,972 Profit for the period attributable to the members of IGO Limited 548,661 155,093 Total comprehensive income for the period attributable to the members of IGO Limited 550,358 154,972 The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes. IGO Limited 2 74 — IGO ANNUAL REPORT 2021