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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
Annual Report 2015 153
Notes to the consolidated financial statements
30 June 2015
35 Parent entity financial information
(a) Summary financial information
The following information relates to the parent entity, Independence Group NL, at 30 June. The information presented
here has been prepared using consistent accounting policies as presented in note 2.
2015
$'000
Restated*
2014
$'000
Balance sheet
Current assets
115,225
37,952
Non-current assets
614,930
653,904
Total assets
730,155
691,856
Current liabilities
24,717
26,013
Non-current liabilities
38,914
50,236
Total liabilities
63,631
76,249
Net assets
666,524
615,607
(666,524)
(615,607)
Shareholders' equity
Issued capital
737,324
735,060
Reserves
Acquisition reserve
3,142
3,142
Hedging reserve
-
(2,038)
Share-based payments reserve
13,057
12,372
Accumulated losses
(86,999)
(134,967)
Total equity
666,524
613,569
2015
$'000
2014
$'000
Profit or loss for the year
73,736
14,405
Other comprehensive income for the year
-
-
Total comprehensive income for the year
73,736
14,405
(b) Guarantees entered into by the parent entity
The parent entity has given unsecured guarantees in respect of finance leases of subsidiaries amounting to $510,000
(2014: $3,406,000).
There are cross guarantees given by the Independence Group NL, Independence Long Pty Ltd and Independence
Jaguar Limited as described in note 36. No deficiencies of assets exist in any of these companies.
(c) Contingent liabilities of the parent entity
The parent entity did not have any contingent liabilities as at 30 June 2015 or 30 June 2014.
(d) Contractual commitments for the acquisition of property, plant or equipment
The parent entity did not have any outstanding contractual commitments for the acquisition of property, plant and
equipment at 30 June 2015 or 30 June 2014.
Independence Group NL
89