Annual Report 2004 73 Consolidated Santos Ltd 2004 2003 2004 2003 23. Interests in Joint Ventures (continued) $million $million $million $million (c) Santos Ltd and its controlled entities’ share of assets and liabilities employed in the  joint ventures are included in the statements of financial position under the  following classifications: Current assets Cash 89.3 72.1 32.2 36.3 Receivables 63.8 26.8 29.3 9.1 Inventories 20.0 27.3 13.5 17.8 Total current assets 173.1 126.2 75.0 63.2 Non-current assets Exploration and development expenditure 2 916.9 2 738.9 858.4 866.6 Land and buildings  plant and equipment 1 971.9 1 684.0 645.9 640.9 Other 1.2 1.2 – – Total non-current assets 4 890.0 4 424.1 1 504.3 1 507.5 Total assets 5 063.1 4 550.3 1 579.3 1 570.7 Current liabilities Payables 237.6 190.5 76.0 60.2 Provisions 3.9 7.6 0.9 1.6 Total current liabilities 241.5 198.1 76.9 61.8 Non-current liabilities Provisions 129.4 113.7 43.8 36.0 Total liabilities 370.9 311.8 120.7 97.8 Net investments in joint ventures 4 692.2 4 238.5 1 458.6 1 472.9 (d) The amount of capital expenditure commitments  minimum exploration commitments  and contingent liabilities in respect of unincorporated joint ventures are: Capital expenditure commitments 266.9 270.9 102.1 84.5 Minimum exploration commitments 172.5 347.3 71.5 107.4 Contingent liabilities 13.4 15.1 6.1 4.8