Income Statement Total revenue (total revenue may not be shown as one item, you may have to highlight more thanone line item and calculate the total at the bottom of the statement.) Total expenses (as for revenue, if total expenses are not listed highlight all expense items andcalculate the total after the statement.) Profit or (loss) after interest and tax

HD 45. 11/ 20 8 8 37% 10:01 Whitehaven-Coal-Annual-Report-2019.... . .. 4.4 Provisions 7.3. Commitments 7.4. Contingencies 7.5. Subsequent events ual Report 2019 63 Consolidated statement of comprehensive income For the year ended 30 June 2019 2019 2018 Note $'000 $'000 Restated' Revenue 2.1 2.487,944 2.257.446 Other income 3,930 6.767 Operating expenses (734.858) (592,151) Coal purchases (210.678) (175,069) Selling and distribution expenses (324,131) (287.294) Royalties (184,754) (169,941) Depreciation and amortisation (224.459) (203,132) Administrative expenses (26.185) (22.033) Corporate development costs 9,701) Share-based payments expense 5.5 (2) (7,684) (9.927) Foreign exchange gain/(loss) (2,356) 4.141 Profit before net financial expense 776,769 799,106 Financial income 2,092 1.600 Financial expenses (42,993) (41.817) Net financial expense 5.2 (40,901) (40,217) Profit before tax 735,868 758,889 Income tax expense 2.3 (a ) (207.970) (234.379) Net profit for the year 527,898 524,510 Other comprehensive income Items that may be reclassified subsequently to profit or loss Net movement on cash flow hedges 5.2 (4,287) (372 Income tax effect 2.3 ( b ) 1,286 112 Other comprehensive income for the period, net of tax 5.2 (3,001) (260) Total comprehensive income for the period, net of tax 524,897 524,250 Net profit for the period attributable to: Owners of the parent 527.898 524.510 Non-controlling interests Comprehensive income for the period, net of tax attributable to: Owners of the parent 524.897 524,250 Non-controlling interests Earnings per share: Basic earnings per share (cents per share) 2.4 53.5 53.1 Diluted earnings per share (cents per share) 2.4 52.4 52.1 The comparative statement for the year ended 30 June 2018 has been restated to give effect to the change in accounting policies. See note 1.5 for further details. The consolidated statement of comprehensive income is to be read in conjunction with the notes to the consolidated financial statements. 64 Consolidated statement of financial position As at 30 June 2019 | FY2019 in review | IntroCONSOLIDATED CASH FLOW STATEMENT for the year ended 30 June 2019 2019 2018 Note $000 $000 CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers 2,373,626 2,390,107 Payments to suppliers and employees (1,788,401) (1,794.529) Loan servicing advances (net) (124,769) 61,063 Dividends received from associates, joint ventures and equity securities 1,470 4.337 Interest paid and other finance costs 73,089) (63,014) Interest received 3,423 2,968 Income taxes paid (105,502) (86,881) Net operating cock flows 7(b) 286,758 514,051 CASH FLOWS FROM INVESTING ACTIVITIES Payments for purchase of controlled entities and businesses (net of cash acquired) (445,201) (22,865) Payments for intangible assets including MSRs (101,822) (98.299) Proceeds from sale of property, plant and equipment 2.837 (Payments for)/proceeds from disposal of associates and joint ventures (11,866) Proceeds from/(payments for) investments (18,779) 3,776 Payments for property, plant and equipment (55,626) (39,361) Proceeds from sale of subsidiaries and businesses (net of cash disposed) 75,727 Net investing cash flows (542,864) (168,615) CASH FLOWS FROM FINANCING ACTIVITIES Payment for purchase of ordinary shares - share based awards (21,671) (20,158) Proceeds from borrowings 7(c) 2,175,760 1.337.297 Repayment of borrowings 7 (C) (1,792,144) (1,353,618) Loan servicing borrowings (net) 7 (C) 103,047 (75,697) Dividends paid - ordinary shares (net of dividend reinvestment plan) (155,468) (150,116) Purchase of ordinary shares - dividend reinvestment plan (8,148) (10,368) Dividends paid to non-controlling interests in controlled entities (8,110) (3) Payments for on-market share buy-back (38,533) Repayment of finance leases 7(c) (4,021) (5,390) Net financing cash flows 289,245 (316,586) Net increase/(decrease) in cash and cash equivalents held 33,139 28,850 Cash and cash equivalents at the beginning of the financial year 534,669 610,683 Exchange rate variations on foreign cash balances (6,462) (4,864) Cash and cash equivalents at the end of the year 561,346 534.669 Cash and cash equivalents at 30 June 2019 includes nil (2018: $33.8 million) cash presented in the assets classified as held for sale line item in the consolidated statement of financial position. The above consolidated cash flow statement is presented in United States dollars and should be read in conjunction with the accompanying notes. 66