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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
Annual Report 2015 155
Notes to the consolidated financial statements
30 June 2015
36 Deed of cross guarantee (continued)
(b) Consolidated balance sheet
Set out below is a consolidated balance sheet as at 30 June 2015 of the closed group consisting of Independence
Group NL, Independence Long Pty Ltd and Independence Jaguar Limited.
2015
$'000
Restated*
2014
$'000
ASSETS
Current assets
Cash and cash equivalents
119,009
55,603
Trade and other receivables
19,179
27,637
Inventories
21,511
26,935
Financial assets at fair value through profit or loss
15,524
808
Derivative financial instruments
4,981
2,519
Total current assets
180,204
113,502
Non-current assets
Receivables
8
54
Property, plant and equipment
25,353
25,030
Mine properties
82,935
87,917
Exploration and evaluation expenditure
8,235
9,888
Deferred tax assets
130,725
151,498
Investments in controlled entities
139,333
139,276
Investments in joint ventures
316,150
312,373
Derivative financial instruments
-
658
Total non-current assets
702,739
726,694
TOTAL ASSETS
882,943
840,196
LIABILITIES
Current liabilities
Trade and other payables
52,389
38,866
Borrowings
510
3,508
Derivative financial instruments
2,384
6,381
Provisions
2,659
2,557
Total current liabilities
57,942
51,312
Non-current liabilities
Borrowings
-
24,854
Derivative financial instruments
717
-
Provisions
13,942
13,540
Deferred tax liabilities
21,267
18,236
Total non-current liabilities
35,926
56,630
TOTAL LIABILITIES
93,868
107,942
NET ASSETS
789,075
732,254
EQUITY
Contributed equity
737,324
735,060
Other reserves
16,199
13,476
Retained earnings
35,552
(16,282)
TOTAL EQUITY
789,075
732,254
Independence Group NL
91