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12 Independence Group NL
RESULT FOR THE YEAR ENDED 30 JUNE 2015
Underlying EBITDA ($’M)
Tropicana
Long
Jaguar
Q1FY14 Q2FY14 Q3FY14 Q4FY14 Q1FY15 Q2FY15 Q3FY15 Q4FY15
80
70
60
50
40
30
20
10
0
Financial Summary
Highlights
FY2015
$millions
FY2014
$millions
Change
%
Total revenue
1
499
399
25%
Underlying EBITDA
2
213
148
44%
Profit after tax
77
49
58%
Net cash flow from operating activities
202
129
57%
Free cash flow
3
116
30
283%
Total assets
820
781
5%
Cash
121
57
113%
Marketables securities
16
1
1,716%
Total liabilities
155
171
(10)%
Shareholders’ equity
666
610
9%
Net tangible assets per share ($ per share)
$2.84
$2.62
8%
1
Includes other income of $3.3M (FY2014: $0.96M)
2
See Glossary of Terms for a definition of Underlying EBITDA.
3
Free cash flow comprises net cash flow from operating activities and net cash flow from investing activities.
Full details on IGO’s financial results for FY2015 and IGO’s financial position at 30 June 2015 are set out the audited financial
statements and notes included in section 9 of this Annual Report.
Underlying EBITDA
(1)
By Mining Operation On A Quarter By Quarter Basis Since 1 July 2013
(1) See Glossary of Terms for a definition of Underlying EBITDA.
Dividends
During FY2015, IGO adopted a dividend policy which states that, subject to the satisfaction of the test set out in section 254T
of the
Corporations Act 2001
, IGO intends to maintain a minimum dividend payment payout ratio of 30% of net profit after tax,
rounded to the nearest whole cent.
Dividends paid to members during the financial year were as follows:
2015
$’000
2014
$’000
Final ordinary dividend for the year ended 30 June 2014 of 5 cents (2013: 1 cent)
per fully paid share
11,713
2,333
Interim ordinary dividend for the year ended 30 June 2015 of 6 cents (2014: 3 cents)
per fully paid share
14,055
7,000
25,768
9,333
On 22 September 2015, IGO announced a fully franked final dividend of 2.5 cents per share (FY2014: 5.0 cents).