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              [html]<thead><tr><td>for the year ended 31 December 2004</td><tdcolspan="2">7. Receivables</td><tdcolspan="2">Cou2004Smillion</td></tr><tr><td>2003 $ million</td><td>St2004Smillion</td><td>Ltd2003 $ million</td><td>Trade debtors</td><td>181.5</td></tr></thead><tbody><tr><td>144.3</td><td>72.8</td><td>88.1</td><td>Sundry debtors</td><td>228.2</td></tr><tr><td>29.1</td><td>131.1</td><td>12.6</td><td>Less provision for doubtful debts</td><td>0.001 ( 0.001 )</td></tr><tr><td>( 1.7 )</td><td>( 0.5 )</td><td>( 0.7 )</td><td>Amounts owing by controlled entities :</td><td>Non - interest - bearing</td></tr><tr><td>–</td><td>–</td><td>455.2</td><td>359.1</td><td>Interest - bearing</td></tr><tr><td>−</td><td>–</td><td>990.0</td><td>636.4</td><td>Tax related balances owing by controlled entities</td></tr><tr><td>–</td><td>–</td><td>269.1</td><td>314.8</td><td>409.1</td></tr><tr><td>171.7</td><td>1.917.7</td><td>1.410.3</td><td>The interest - bearing amounts owing by controlled entitles are for loans made in the ordinary course of business on normal market terms and conditions for an indefinite period.</td><td>8. Inventories</td></tr><tr><td>Petroleum products</td><td>82.4</td><td>73.7</td><td>44.8</td><td>35.9</td></tr><tr><td>Drilling and maintenance stocks</td><td>44.4</td><td>45.9</td><td>16.1</td><td>18.9</td></tr><tr><td>Less provision for obsolescence</td><td>( 9.5 )</td><td>( 7.2 )</td><td>( 2.1 )</td><td>( 1.6 )</td></tr><tr><td>117.3</td><td>112.4</td><td>58.8</td><td>53.2</td><td>9. Other Assets</td></tr><tr><td>Current</td><td>Prepayments</td><td>18.3</td><td>14.3</td><td>7.7</td></tr><tr><td>7.4</td><td>Deferred loss on commodity hedges</td><td>3.2</td><td>2.3</td><td>–</td></tr><tr><td>21.5</td><td>14.3</td><td>10.0</td><td>7.4</td><td>Non - current</td></tr><tr><td>Other</td><td>2.9</td><td>1.1</td><td>-</td><td>–</td></tr><tr><td>10. Exploration and Development Expenditure</td><td>At cost</td><td>6.175.3</td><td>5.613.1</td><td>1.950.7</td></tr><tr><td>1.859.4</td><td>Less accumulated depletion</td><td>( 2.965.0 )</td><td>( 2.667.8 )</td><td>( 1.044.9 )</td></tr><tr><td>( 955.8 )</td><td>3.210.3</td><td>2.945.3</td><td>905.8</td><td>903.6</td></tr><tr><td>Movements during the year</td><td>Areas in which production has commenced</td><td>Cost at the beginning of the year</td><td>5.190.6</td><td>5.108.8</td></tr><tr><td>1.752.4</td><td>1.624.3</td><td>Expenditure incurred during the year</td><td>399.2</td><td>277.5</td></tr><tr><td>161.7</td><td>92.6</td><td>Acquisitions</td><td>146.0</td><td>19.5</td></tr><tr><td>-</td><td>1.6</td><td>Disposals</td><td>( 53.1 )</td><td>( 16.0 )</td></tr><tr><td>( 99.8 )</td><td>–</td><td>Foreign currency translation</td><td>( 34.2 )</td><td>( 231.6 )</td></tr><tr><td>.</td><td>–</td><td>Expenditure transferred from areas in the explaration and development stage</td><td>. 07.2</td><td>36.3</td></tr><tr><td>38.8</td><td>33.9</td><td>Expenditure transferred from plant and equipment</td><td>60.7</td><td>.</td></tr><tr><td>17.6</td><td>–</td><td>Expenditure written off during the year</td><td>( 16.3 )</td><td>( 3.9 )</td></tr><tr><td>-</td><td>–</td><td>Cost at the end of the year</td><td>5.800.1</td><td>5.190.6</td></tr><tr><td>1.870.7</td><td>1.752.4</td><td>Less accumulated depletion</td><td>( 2.965.0 )</td><td>( 2.667.8 )</td></tr><tr><td>( 1.044.9 )</td><td>( 955.8 )</td><td>2.835.1</td><td>2.522.8</td><td>825.8</td></tr><tr><td>796.6</td><td>Areas in the exploration and development stage</td><td>Cost at the beginning of the year</td><td>422.5</td><td>424.2</td></tr><tr><td>107.0</td><td>118.0</td><td>Expenditure incurred during the year</td><td>66.1</td><td>109.6</td></tr><tr><td>16.4</td><td>29.0</td><td>Acquisitions</td><td>–</td><td>0.4</td></tr><tr><td>-</td><td>–</td><td>Disposals</td><td>−</td><td>( 17.7 )</td></tr><tr><td>-</td><td>–</td><td>Foreign currency translation</td><td>( 0.4 )</td><td>( 1.9 )</td></tr><tr><td>-</td><td>–</td><td>Expenditure transferred to areas where production has commenced</td><td>( 107.2 )</td><td>( 36.3 )</td></tr><tr><td>( 38.8 )</td><td>( 33.9 )</td><td>Expenditure written off during the year</td><td>( 5.8 )</td><td>( 55.8 )</td></tr><tr><td>( 4.6 )</td><td>( 6.1 )</td><td>Cost at the end of the year</td><td>375.2</td><td>422.5</td></tr><tr><td>80.0</td><td>. 07.0</td><td>Total exploration and development expenditure</td><td>3.210.3</td><td>2.945.3</td></tr><tr><td>905.8</td><td>903.6</td></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr><tr></tr></tbody>
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