114 / 164
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
114 Independence Group NL
Notes to the consolidated financial statements
30 June 2015
3 Voluntary change in accounting policy (continued)
(b) Impact on financial statements (continued)
Prior year restatement
Consolidated statement of profit or loss and other
comprehensive income
2014
(Previously
stated)
$'000
Profit
Increase/
(Decrease)
$'000
2014
(Restated)
$'000
Revenue from continuing operations
399,059
-
399,059
Mining, development and processing costs
(100,310)
(184)
(100,494)
Employee benefits expense
(61,196)
-
(61,196)
Share-based payments expense
(4,632)
-
(4,632)
Fair value of movements of financial investments
(2)
-
(2)
Depreciation and amortisation expense
(69,840)
3,902
(65,938)
Rehabilitation and restoration borrowing costs
(565)
-
(565)
Exploration costs expensed
(4,334)
(26,795)
(31,129)
Royalty expense
(14,309)
-
(14,309)
Ore tolling expense
(11,973)
-
(11,973)
Shipping and wharfage costs
(17,551)
-
(17,551)
Borrowing and finance costs
(5,138)
-
(5,138)
Impairment of exploration and evaluation expenditure
(32,045)
25,966
(6,079)
Other expenses
(9,355)
-
(9,355)
Profit before income tax
67,809
2,889
70,698
Income tax expense
(21,253)
(866)
(22,119)
Profit for the year
46,556
2,023
48,579
Other comprehensive income
Items that will be reclassified to profit or loss
Effective portion of changes in fair value of cash flow hedges, net of
tax
(4,435)
-
(4,435)
Other comprehensive loss for the year, net of tax
(4,435)
-
(4,435)
Total comprehensive income for the year
42,121
2,023
44,144
Profit for the year attributable to the members of Independence
Group NL
46,556
2,023
48,579
Total comprehensive income for the year attributable to the
members of Independence Group NL
42,121
2,023
44,144
Cents
Cents
Cents
Earnings per share for profit attributable to the ordinary equity
holders of the Company:
Basic earnings per share
19.95
0.87
20.82
Diluted earnings per share
19.78
0.86
20.64
Independence Group NL
50