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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
Annual Report 2015 129
Notes to the consolidated financial statements
30 June 2015
9 Expenses and losses
2015
$'000
Restated*
2014
$'000
Cost of sale of goods
239,745
199,138
Employee benefits expenses
63,841
61,196
Share-based payments expense
2,949
4,632
Exploration costs expensed
25,263
31,129
Rental expense relating to operating leases
1,273
1,291
Rehabilitation and restoration borrowing costs
590
565
Impairment of exploration and evaluation expenditure
3,461
6,079
Net loss of sale of property, plant and equipment and other investments
-
60
Amortisation
81,911
50,937
Depreciation
Depreciation expense
16,640
15,369
Less : amounts capitalised
-
(368)
Depreciation expensed
16,640
15,001
Borrowing and finance costs
Borrowing and finance costs - other entities
857
3,919
Amortisation of borrowing costs
709
1,763
Less: amounts capitalised
-
(544)
Finance costs expensed
1,566
5,138
Independence Group NL
65