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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
146 Independence Group NL
Notes to the consolidated financial statements
30 June 2015
29 Cash flow statement reconciliation
(a) Reconciliation of profit after income tax to net cash inflow from operating activities
2015
$'000
Restated*
2014
$'000
Profit for the year
76,779
48,579
Depreciation and amortisation
98,551
65,938
Impairment of exploration and evaluation expenditure
3,461
6,079
Net (gain) loss on sale of non-current assets
(376)
60
Fair value of movement of financial investments
(1,467)
2
Non-cash employee benefits expense - share-based payments
2,949
4,632
Dividend and interest income
-
(5)
Fair value adjustment to derivatives
(1,971)
3,886
Amortisation of borrowing expenses
709
1,280
Amortisation of lease incentive
(55)
(55)
Foreign exchange gains (losses) on cash balances
(2,904)
1,218
Change in operating assets and liabilities:
(Increase) decrease in trade receivables
11,348
(11,989)
(Increase) in inventories
(16,091)
(26,426)
(Increase) decrease in deferred tax assets
21,878
(134)
(Increase) decrease in other operating receivables and prepayments
(686)
2,602
(Decrease) increase in trade and other payables
(2,539)
9,657
(Decrease) increase in deferred tax liabilities
11,304
22,253
(Decrease) increase in other provisions
823
1,043
Net cash inflow from operating activities
201,713
128,620
(b) Non-cash investing and financing activities
There were no non-cash investing and financing activities during the current or previous year.
Independence Group NL
82