2021 Annual Report

Consolidated statement of cash flows For the year ended 30 June 2021 Notes 2021 $'000 2020 $'000 Cash flows from operating activities Receipts from customers (inclusive of GST) 918,878 888,888 Payments to suppliers and employees (inclusive of GST) (397,913) (422,782) 520,965 466,106 Interest and other costs of finance paid (8,672) (3,279) Interest received 2,432 5,284 Acquisition and transaction costs (4,864) - Payments for exploration and evaluation (63,809) (70,594) Net cash inflow from operating activities 7(a) 446,052 397,517 Cash flows from investing activities Payments for property, plant and equipment (14,211) (17,052) Payment for rehabilitation expenditure (59) (278) Proceeds from sale of property, plant and equipment 70 1,600 Proceeds from sale of financial assets 27,227 9,866 Payments for development expenditure (71,895) (67,508) Payments for purchase of listed investments (20,498) (54,921) Payments for capitalised exploration and evaluation expenditure (8,606) (3,111) Payments for acquisition of Tianqi (1,855,409) - Proceeds on sale of Tropicana Joint Venture 862,349 - Deferred proceeds on sale of Jaguar Operation 16,060 16,060 Net cash (outflow) from investing activities (1,064,972) (115,344) Cash flows from financing activities Proceeds from issues of shares 765,766 - Share issue transaction costs (16,669) - Transaction costs associated with borrowings (17,519) - Repayment of borrowings 17 (57,145) (28,571) Principal element of lease payments (6,132) (5,676) Payment of dividends 20 (29,540) (82,712) Payments for shares acquired by the IGO Employee Trust (5,764) - Net cash inflow (outflow) from financing activities 632,997 (116,959) Net increase in cash and cash equivalents 14,077 165,214 Cash and cash equivalents at the beginning of the period 510,312 348,208 Effects of exchange rate changes on cash and cash equivalents 4,125 (3,110) Cash and cash equivalents at the end of the period 7 528,514 510,312 The above consolidated statement of cash flows should be read in conjunction with the accompanying notes. IGO Limited 6 Consolidated Statement of Cash Flows For The Year Ended 30 June 2020 78 — IGO ANNUAL REPORT 2021