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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

138 Independence Group NL

Notes to the consolidated financial statements

30 June 2015

20 Non-current assets - Exploration and evaluation expenditure (continued)

Impairment charge

2015

$'000

Restated*

2014

$'000

Jaguar regional exploration costs

2,232

774

Karlawinda exploration and feasibility costs

-

3,022

Other regional exploration costs

1,229

2,283

3,461

6,079

21 Intangible assets

Database

$'000

Total

$'000

At 1 July 2013

Cost

1,378

1,378

Accumulation amortisation

(1,199)

(1,199)

Net book amount

179

179

Year ended 30 June 2014

Opening net book amount

179

179

Amortisation charge

(179)

(179)

-

-

At 30 June 2014

Cost

1,378

1,378

Accumulation amortisation

(1,378)

(1,378)

-

-

At 30 June 2015

Cost

1,378

1,378

Accumulated amortisation

(1,378)

(1,378)

-

-

22 Current liabilities - Trade and other payables

2015

$'000

2014

$'000

Current liabilities

Trade payables

8,918

7,706

Other payables

31,558

35,276

Employee entitlements

4,615

3,873

45,091

46,855

The Group’s exposure to liquidity risk in disclosed in note 4.

Independence Group NL

74