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              [html]<thead><tr><tdrowspan="2">2.</td><tdcolspan="2">Revenue from Ordinary Activities</td><tdcolspan="2">Co2004Smillion</td></tr><tr><td>Alidated 2003 $ million</td><td>S2004Smillion</td><td>Non - Controlled controlled controlled controlled controlled controlled controlled controlled controlled controlled controlled controlled controlled controlled controlled controlled controlled controlled controlled contro</td><td>Product sales :</td></tr></thead><tbody><tr><td>Gas and ethane</td><td></td><td></td><td></td><td></td></tr><tr><td>680.1</td><td>720.8</td><td>294.6</td><td>306.1</td><td>Crude oil</td></tr><tr><td>501.8</td><td>477.7</td><td>198.5</td><td>175.7</td><td>Condensate and naphtha</td></tr><tr><td>228.5</td><td>150.0</td><td>44.2</td><td>63.8</td><td>Liquefied petroleum gas</td></tr><tr><td>90.5</td><td>116.5</td><td>31.5</td><td>70.7</td><td>1.500.9</td></tr><tr><td></td><td>1.465.0</td><td>568.8</td><td>616.3</td><td>Other :</td></tr><tr><td>Overriding royalties</td><td></td><td></td><td></td><td></td></tr><tr><td>14.3</td><td>13.3</td><td>18.7</td><td>18.4</td><td>Equipment rentals, pipeline tariffs and other</td></tr><tr><td>19.0</td><td>7.6</td><td>6.6</td><td>3.9</td><td>Interest revenue :</td></tr><tr><td>Controlled entities</td><td></td><td></td><td></td><td></td></tr><tr><td>−</td><td>–</td><td>42.8</td><td>35.5</td><td>Other entities</td></tr><tr><td>3.5</td><td>2.5</td><td>2.3</td><td>1.4</td><td>Dividends from other entities</td></tr><tr><td>−</td><td>0.4</td><td>–</td><td>0.4</td><td>Dividends from controlled entities</td></tr><tr><td>−</td><td>–</td><td>251.7</td><td>–</td><td>Insurance recovery</td></tr><tr><td>116.6</td><td>-</td><td>73.8</td><td>–</td><td>Proceeds from sale of non - current assets</td></tr><tr><td>98.9</td><td>108.0</td><td>462.1</td><td>62.7</td><td>Proceeds from sale of controlled entities</td></tr><tr><td>–</td><td>22.6</td><td>–</td><td>3.9</td><td>252.3</td></tr><tr><td></td><td>154.4</td><td>858.0</td><td>126.2</td><td>3. Expenses from Ordinary Activities</td></tr><tr><tdcolspan="5">Cost of sales :</td></tr><tr><td>Production costs</td><td></td><td></td><td></td><td></td></tr><tr><td>308.5</td><td>263.6</td><td>113.8</td><td>95.2</td><td>Pipeline tariffs and tolls</td></tr><tr><td>32.6</td><td>33.3</td><td>7.4</td><td>3.2</td><td>Royalty, excise and PRRT</td></tr><tr><td>154.0</td><td>131.4</td><td>73.1</td><td>41.6</td><td>Depreciation, depletion and amortisation</td></tr><tr><td>β36.4</td><td>528.8</td><td>209.2</td><td>194.7</td><td>Third party gas purchases</td></tr><tr><td>14.9</td><td>5.4</td><td>12.2</td><td>12.4</td><td>1.046.4</td></tr><tr><td></td><td>962.5</td><td>415.7</td><td>347.1</td><td>Decrease /( increase ) in product stock</td></tr><tr><td>3.4</td><td>11.9</td><td>( 1.2 )</td><td>9.5</td><td>1.049.8</td></tr><tr><td></td><td>974.4</td><td>414.5</td><td>356.6</td><td>Other :</td></tr><tr><td>Selling, general and administrative expenses :</td><td></td><td></td><td></td><td></td></tr><tr><td>Operating expenses</td><td>57.1</td><td>41.6</td><td>50.3</td><td>34.1</td></tr><tr><td>Depreciation and amortisation</td><td>3.3</td><td>2.8</td><td>1.7</td><td>1.1</td></tr><tr><td>Write - down of investment in controlled entities</td><td>–</td><td>-</td><td>–</td><td>40.8</td></tr><tr><td>Write - down of investment in listed shares</td><td>−</td><td>4.4</td><td>–</td><td>4.4</td></tr><tr><td></td><td>60.4</td><td>48.8</td><td>52.0</td><td>80.4</td></tr><tr><td>Book value of non - current assets sold</td><td>46.5</td><td>52.9</td><td>164.4</td><td>16.9</td></tr><tr><td>Book value of controlled entities sold</td><td>−</td><td>18.1</td><td>–</td><td>4.9</td></tr><tr><td>Write - down of explaration and development expenditure</td><td>22.1</td><td>59.7</td><td>4.6</td><td>6.1</td></tr><tr><td></td><td>129.0</td><td>179.5</td><td>221.0</td><td>108.3</td></tr><tr><td>4.</td><td></td><td></td><td></td><td></td></tr><tr><td>Borrowing Costs</td><td>Interest expense :</td><td>Controlled entities</td><td>−</td><td>–</td></tr><tr><td>90.7</td><td>83.6</td><td>Other entities</td><td>65.7</td><td>57.2</td></tr><tr><td>0.4</td><td>0.4</td><td>Less interest capitalised</td><td>( 32.1 )</td><td>( 22.6 )</td></tr><tr><td></td><td>–</td><td>–</td><td>33.6</td><td>34.6</td></tr></tbody>
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