Financial Statements
65
Financial Statements
Note
2013 
$’000
2012 
$’000
ASSETS
Current assets
Cash and cash equivalents 7 32,987 90,623
Receivables 8 9,431 12,226
Inventories 9 62,032 56,079
Other assets 10 38,112 35,128
Total current assets 142,562 194,056
Non-current assets
Restricted cash 7 5,474 –
Inventories 9 44,731 30,314
Available-for-sale financial assets 11 767 1,751
Investment in associate 14 1,485 –
Property, plant and equipment 12 190,231 239,237
Exploration, evaluation and development 13 336,546 545,032
Other assets 10 37,797 27 ,858
Deferred tax assets 6g 10,395 10,211
Total non-current assets 627,426 854,403
TOTAL ASSETS 769,988 1,048,459
LIABILITIES
Current liabilities
Payables 15 41,185 42,597
Borrowings 16 84,101 35,697
Derivatives held for trading 1,271 2,685
Current tax liabilities 272 11,655
Provisions 17 3,797 2,993
Total current liabilities 130,626 95,627
Non-current liabilities
Payables 15 5,921 6,681
Borrowings 16 115,657 121,847
Deferred tax liabilities  6g 10,228 29,110
Provisions 17 33,596 19,381
Total non-current liabilities 165,402 17 7,019
TOTAL LIABILITIES 296,028 272,646
NET ASSETS 473,960 775,813
EQUITY
Contributed equity 18 605,504 599,618
Reserves 19a 18,319 (20,407)
(Accumulated losses) / Retained profits  19b  (149,863) 196,602
Capital and reserves attributable to equity holders of Kingsgate Consolidated Limited 473,960 775,813
Non-controlling interests – –
TOTAL EQUITY 473,960 775,813
The	above	Statement	of	Financial	Position	should	be	read	in	conjunction	with	the	accompanying	notes.
Statement of  
Financial Position
as at 30 June 2013