2021 Annual Report

Consolidated statement of changes in equity For the year ended 30 June 2021 Contributed equity $'000 Retained earnings $'000 Other reserves $'000 Total equity $'000 Balance at 1 July 2019 1,895,855 (62,572) 15,777 1,849,060 Profit for the period - 155,093 - 155,093 Other comprehensive income Effective portion of changes in fair value of cash flow hedges, net of tax - - (95) (95) Currency translation differences - current period - - (26) (26) Total comprehensive income for the period - 155,093 (121) 154,972 Transactions with owners in their capacity as owners: Dividends paid - (82,712) - (82,712) Share-based payments expense - - 4,489 4,489 Issue of shares - Employee Incentive Plan 1,271 - (1,271) - Balance at 30 June 2020 1,897,126 9,809 18,874 1,925,809 Contributed equity $'000 Retained earnings $'000 Other reserves $'000 Total equity $'000 Balance at 1 July 2020 1,897,126 9,809 18,874 1,925,809 Profit for the period - 548,661 - 548,661 Other comprehensive income Effective portion of changes in fair value of cash flow hedges, net of tax - - 1,682 1,682 Currency translation differences - current period - - 63 63 Reclassification to profit or loss on disposal of foreign subsidiary - - (48) (48) Total comprehensive income for the period - 548,661 1,697 550,358 Transfer of current year profits - (483,171) 483,171 - Transactions with owners in their capacity as owners: Acquisition of treasury shares (5,764) - - (5,764) Dividends paid - (29,540) - (29,540) Share-based payments expense - - 4,917 4,917 Issue of shares - Employee Incentive Plan 3,115 - (3,115) - Share placement and institutional entitlement offer 765,766 - - 765,766 Costs associated with share placement (net of tax) (11,669) - - (11,669) Balance at 30 June 2021 2,648,574 45,759 505,544 3,199,877 The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes. IGO Limited 5 Consolidated statement of changes in equity For the year ended 30 June 2021 Contributed equity $'000 Retai ed earnings $'000 Other reserves $'000 Total equity $'000 Balance at 1 July 2019 1,895,855 (62,572) 15,777 1,849,060 Profit for the period - 155,093 - 155,093 Other comprehensive income Effective portion of changes in fair value of cash flow hedges, net of tax - - (95) (95) Currency translation differences - current period - - (26) (26) Total comprehensive income for the period - 155,093 (121) 154,972 Transactions with owners in their capacity as owners: Dividends paid - (82,712) - (82,712) Share-based payments expense - - 4,489 4,489 Issue of shares - Employee Incentive Plan 1,271 - (1,271) - Balance at 30 June 2020 1,897,126 9,809 18,874 1,925,809 Contributed equity $'000 Retai ed earnings $'000 Other reserves $'000 Total equity $'000 Balance at 1 July 2020 1,897,126 9,809 18,874 1,925,809 Profit for the period - 548,661 - 548,661 Other comprehensive income Effective portion of changes in fair value of cash flow hedges, net of tax - - 1,682 1,682 Currency translation differences - current period - - 63 63 Reclassification to profit or loss on disposal of foreign subsidiary - - (48) (48) Total comprehensive income for the period - 548,661 1,697 550,358 Transfer of current year profits - (483,171) 483,171 - Transactions with owners in their capacity as owners: Acquisition of treasury shares (5,764) - - (5,764) Dividends paid - (29,540) - (29,540) Share-based payments expense - - 4,917 4,917 Issue of shares - Employee Incentive Plan 3,115 - (3,115) - Share placement and institutional entitlement offer 765,766 - - 765,766 Costs associated with share placement (net of tax) (11,669) - - (11,669) Balance at 30 June 2021 2,648,574 45,759 505,544 3,199,877 The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes. IGO Limited 5 Consolidated Statement of Changes in Equity For The Year Ended 30 June 2021 IGO ANNUAL REPORT 2021 — 77