Annual Report 2004 51
STATEMENTS OF FINANCIAL POSITION
as at 31 December 2004
Consolidated Santos Ltd
2004 2003 2004 2003
Note $million $million $million $million
Current assets
Cash 128.0 111.1 39.3 52.9
Receivables 7 409.1 171.7 1,917.7 1,410.3
Inventories 8 117.3 112.4 58.8 53.2
Other 9 21.5 14.3 10.0 7.4
Total current assets 675.9 409.5 2,025.8 1,523.8
Non-current assets
Exploration and development expenditure 10 3,210.3 2,945.3 905.8 903.6
Land and buildings, plant and equipment 11 2,058.7 1,840.8 665.4 673.1
Other financial assets 12 1.2 11.7 2,530.7 2,295.9
Intangibles 13 4.0 8.5 – –
Deferred tax assets 3.0 1.4 2.4 0.8
Other 9 2.9 1.1 – –
Total non-current assets 5,280.1 4,808.8 4,104.3 3,873.4
Total assets 5,956.0 5,218.3 6,130.1 5,397.2
Current liabilities
Payables 14 371.6 291.3 436.3 655.0
Deferred income 5.8 8.9 1.5 2.0
Interest-bearing liabilities 15 49.9 45.4 1,686.4 1,411.7
Current tax liabilities 11.2 29.3 9.9 23.5
Provisions 16 52.8 55.3 48.7 47.5
Other 17 14.7 10.6 – –
Total current liabilities 506.0 440.8 2,182.8 2,139.7
Non-current liabilities
Deferred income 16.3 18.8 – –
Interest-bearing liabilities 15 1,209.5 963.3 – –
Deferred tax liabilities 560.4 535.8 462.5 454.2
Provisions 16 131.6 116.0 46.0 38.3
Other 17 33.9 55.7 – –
Total non-current liabilities 1,951.7 1,689.6 508.5 492.5
Total liabilities 2,457.7 2,130.4 2,691.3 2,632.2
Net assets 3,498.3 3,087.9 3,438.8 2,765.0
Equity
Contributed equity 18 2,139.0 1,893.1 2,139.0 1,893.1
Foreign currency translation reserve 19 (9.0) (8.8) – –
Retained profits 20 1,368.3 1,203.6 1,299.8 871.9
Total equity 3,498.3 3,087.9 3,438.8 2,765.0
The statements of financial position are to be read in conjunction with the notes to the financial statements.
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