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94 Independence Group NL

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2015

Consolidated statement of changes in equity

For the year ended 30 June 2015

Issued

capital

$'000

Accumulated

losses

$'000

Hedging

reserve

$'000

Share-

based

payments

$'000

Acquisition

reserve

$'000

Foreign

currency

translation

reserve

$'000

Total

equity

$'000

At 1 July 2014

735,060 (139,031)

(2,038)

12,372

3,142

- 609,505

Profit for the year

-

76,779

-

-

-

-

76,779

Other comprehensive income

Effective portion of

changes in fair value of

cash flow hedges, net of

tax

-

-

2,038

-

-

-

2,038

Currency translation

differences - current period

-

-

-

-

-

(8)

(8)

Total comprehensive

income for the year

-

76,779

2,038

-

-

(8) 78,809

Transactions with

owners in their capacity

as owners:

Dividends paid

-

(25,768)

-

-

-

- (25,768)

Share-based payments

expense

-

-

-

2,949

-

-

2,949

Issue of shares - Employee

Performance Rights Plan

2,264

-

-

(2,264)

-

-

-

Balance at 30 June 2015

737,324 (88,020)

-

13,057

3,142

(8) 665,495

* Refer to note 3 for details about restatements for the voluntary change in accounting policy.

The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes.

Independence Group NL

30