NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 
 
NOTE 35 – DEED OF CROSS GUARANTEE continued 
 
Set out below is a condensed consolidated statement of financial position of the Closed Group: 
 
 
Year ended 31 December 
2014 
US$’000 
2013 
US$’000 
   
Current assets   
Cash and cash equivalents             11,506                 1,558 
Other current assets             185         2,200 
Total current assets       11,691         3,758 
   
Non-current assets   
Exploration and evaluation expenditure 45 170 
Related party note receivable 112,481 40,537 
Deferred tax assets 3,998 2,303 
Investment in subsidiaries      158,047     171,937 
Total non-current assets     274,571     214,947 
   
Total assets     286,262     218,705 
   
Current liabilities   
Trade and other payables 988 176 
Accrued expenses               13             302 
Total current liabilities         1,001             478 
   
Non-current liabilities   
Deferred tax liabilities                  3                  4 
Total non-current liabilities                 3                               4              
   
Total liabilities         1,004             482 
   
Net assets     285,258     218,223 
   
Equity   
Issued capital   306,853     237,008   
Share option reserve 386 386 
Foreign currency translation (30,553) (20,303) 
Retained earnings         8,572         1,132 
Total equity     285,258     218,223 
   
 
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