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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
134 Independence Group NL
Notes to the consolidated financial statements
30 June 2015
15 Inventories
2015
$'000
Restated*
2014
$'000
Current
Mine spares and stores - at cost
16,103
14,965
ROM inventory - at cost
9,670
3,834
Concentrate inventory - at cost
4,726
4,441
Concentrate inventory - at net realisable value
5,696
11,661
Work in progress - gold in process
881
499
Gold in circuit
798
1,510
Gold dore
2,424
3,473
40,298
40,383
Non-current
ROM inventory - at cost
24,979
8,803
24,979
8,803
Inventory classified as non-current relates to 0.6 to 1.2 g/t grade gold ore stockpiles which are not intended to be utilised
in the next 12 months but will be utilised over the life of the mine.
16 Current assets - Financial assets at fair value through profit or loss
2015
$'000
2014
$'000
Shares in Australian listed and unlisted companies - at fair value through profit or loss
15,574
858
15,574
858
The shares in Australian listed companies are valued at fair value through profit or loss and are all held for trading.
Changes in the fair values of these financial assets are recognised in the profit or loss and are valued using market
prices at year end.
The Group’s exposure to price risk and a sensitivity analysis for financial assets are disclosed in note 4.
During the current year, the changes in fair values of financial assets resulted in a gain to the profit or loss of
$1,467,000 (2014: $2,000 loss). Changes in fair values of financial assets at fair value through profit or loss are
recorded in fair value of financial investments in the profit or loss.
17 Non-current assets - Receivables
2015
$'000
2014
$'000
Prepayments
-
27
Term and other deposits
18
30
18
57
Independence Group NL
70