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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
Annual Report 2015 115
Notes to the consolidated financial statements
30 June 2015
3 Voluntary change in accounting policy (continued)
(b) Impact on financial statements (continued)
Prior years restatement
Balance sheet
30 June
2014
(Previously
stated)
$'000
In-
crease/
(Decrease)
$'000
30 June
2014
(Restated)
$'000
1 July 2013
(Previously
stated)
$'000
In-
crease/
(Decrease)
$'000
1 July 2013
(Restated)
$'000
ASSETS
Current assets
Cash and cash equivalents
56,972
-
56,972 27,215
-
27,215
Trade and other receivables
30,070
-
30,070 24,159
-
24,159
Inventories
40,567
(184)
40,383 22,760
-
22,760
Financial assets at fair value through
profit or loss
858
-
858
1,092
-
1,092
Derivative financial instruments
2,519
-
2,519
6,946
-
6,946
Total current assets
130,986
(184)
130,802 82,172
-
82,172
Non-current assets
Receivables
57
-
57
604
-
604
Inventories
8,803
-
8,803
-
-
-
Property, plant and equipment
47,230
-
47,230 36,278
-
36,278
Mine properties
364,443 (35,164)
329,279 349,115 (29,425) 319,690
Exploration and evaluation expenditure
186,784 (75,201)
111,583 199,392 (84,013) 115,379
Deferred tax assets
152,339
56 152,395 152,261
-
152,261
Intangible assets
-
-
-
179
-
179
Derivative financial instruments
658
-
658
1,981
-
1,981
Total non-current assets
760,314 (110,309)
650,005 739,810 (113,438) 626,372
TOTAL ASSETS
891,300 (110,493)
780,807 821,982 (113,438) 708,544
LIABILITIES
Current liabilities
Trade and other payables
46,855
-
46,855 53,599
-
53,599
Borrowings
3,508
-
3,508
6,030
-
6,030
Derivative financial instruments
6,381
-
6,381
1,910
-
1,910
Provisions
2,557
-
2,557
2,446
-
2,446
Total current liabilities
59,301
-
59,301 63,985
-
63,985
Non-current liabilities
Borrowings
24,854
-
24,854 11,524
-
11,524
Provisions
25,545
-
25,545 21,724
-
21,724
Deferred tax liabilities
94,711 (33,109)
61,602 75,280 (34,031)
41,249
Total non-current liabilities
145,110 (33,109)
112,001 108,528 (34,031)
74,497
TOTAL LIABILITIES
204,411 (33,109)
171,302 172,513 (34,031)
138,482
NET ASSETS
686,889 (77,384)
609,505 649,469 (79,407)
570,062
EQUITY
Contributed equity
735,060
-
735,060 734,007
-
734,007
Reserves
13,476
-
13,476 14,332
-
14,332
Accumulated losses
(61,647)
(77,384) (139,031)
(98,870)
(79,407) (178,277)
TOTAL EQUITY
686,889 (77,384)
609,505 649,469 (79,407) 570,062
Independence Group NL
51