2021 Annual Report

Consolidated balance sheet As at 30 June 2021 Notes 2021 $'000 2020 $'000 ASSETS Current assets Cash and cash equivalents 7 528,514 510,312 Trade and other receivables 8 82,375 69,069 Inventories 9 34,013 75,670 Financial assets at fair value through profit or loss 10 110,944 107,759 Derivative financial instruments 21 2,751 64 Total current assets 758,597 762,874 Non-current assets Investments accounted for using the equity method 25 1,855,939 - Inventories 9 - 67,911 Property, plant and equipment 13 34,134 48,580 Right-of-use assets 14 24,711 38,996 Mine properties 15 804,103 1,159,621 Exploration and evaluation expenditure 16 100,527 95,030 Deferred tax assets 5 30,721 119,734 Derivative financial instruments 21 - 284 Total non-current assets 2,850,135 1,530,156 TOTAL ASSETS 3,608,732 2,293,030 LIABILITIES Current liabilities Trade and other payables 11 47,286 53,013 Borrowings 17 - 56,937 Lease liabilities 14 4,421 6,235 Current tax liabilities 171,952 - Provisions 12 8,721 7,058 Total current liabilities 232,380 123,243 Non-current liabilities Lease liabilities 14 20,627 33,550 Provisions 12 47,292 68,641 Deferred tax liabilities 5 108,556 141,787 Total non-current liabilities 176,475 243,978 TOTAL LIABILITIES 408,855 367,221 NET ASSETS 3,199,877 1,925,809 EQUITY Contributed equity 18 2,648,574 1,897,126 Reserves 19(a) 505,544 18,874 Retained earnings 19(b) 45,759 9,809 TOTAL EQUITY 3,199,877 1,925,809 The above consolidated balance sheet should be read in conjunction with the accompanying notes. IGO Limited 4 Consolidated balance sheet As at 30 June 2021 Notes 2 21 $'000 2 2 $'000 ASSETS urrent assets Cash and cash equivalents 7 528,514 510,312 Trade and other receivables 8 82,375 69,069 Inventories 9 34,013 75,670 Financial assets at fair value through profit or loss 10 110,944 107,759 Derivative financial instruments 21 2,751 64 Total current assets 758,597 762,874 Non-current assets Investments accounted for using the equity method 25 1,855,939 - Inventories 9 - 67,911 Property, plant and equipment 13 34,134 48,580 Right-of-use assets 14 24,711 38,996 Mine properties 15 804,103 1,159,621 Exploration and evaluation expenditure 16 100,527 95,030 eferred tax assets 5 30,721 119,734 Derivative financial instruments 21 - 284 Total non-current assets 2,850,135 1,530,156 TOTAL ASSETS 3,608,732 2,293,030 LIABILITIES Curr nt liabilities Trade and other payables 11 47,286 53,013 Borrowings 17 - 56,937 Lease liabilities 14 4,421 6,235 Current tax liabilities 171,952 - Provisions 12 8,721 7,058 Total current liabilities 232,380 123,243 Non-current liabilities Lease liabilities 14 20,627 33,550 Provisions 12 47,292 68,641 Deferred tax liabilities 5 108,556 141,787 Total non-current liabilities 176,475 243,978 TOTAL LIABILITIES 408,855 367,221 NET ASSETS 3,199,877 1,925,809 EQUITY Contributed equity 18 2,648,574 1,897,126 eserves 19(a) 505,544 18,874 Retained earnings 19(b) 45,759 9,809 TOTAL EQUITY 3,199,877 1,925,809 The above consolidated balance sheet should be read in conjunction with the accompanying notes. IGO Limited 4 Consolidated Balance Sheet For The Year Ended 30 June 2021 76 — IGO ANNUAL REPORT 2021