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              [html]<thead><tr><tdrowspan="2"></td><tdrowspan="2">Note</td><tdcolspan="2">Consolidated2004Smillion</td><tdcolspan="2">2004 $ million</td></tr><tr><td>Santos Ltd4n</td><td>Current assets</td><td>Cash</td><td>128.0</td></tr></thead><tbody><tr><tdcolspan="6">111.1</td></tr><tr><td>39.3</td><td></td><td>52.9</td><td>Receivables</td><td>7</td><td>409.1</td></tr><tr><td>171.7</td><td>1.917.7</td><td>1.410.3</td><td>Inventories</td><td>8</td><td>117.3</td></tr><tr><td>112.4</td><td>58.8</td><td>53.2</td><td>Other</td><td>9</td><td>21.5</td></tr><tr><td>14.3</td><td>10.0</td><td>7.4</td><td>Total current assets</td><td>675.9</td><td>409.5</td></tr><tr><td>2.025.8</td><td></td><td>1.523.8</td><td>Non - current assets</td><td>Exploration and development expenditure</td><td>10</td></tr><tr><tdcolspan="6">3.210.3</td></tr><tr><td>2.945.3</td><td>905.8</td><td>903.6</td><td>Land and buildings, plant and equipment</td><td>11</td><td>2.058.7</td></tr><tr><td>1.840.8</td><td>665.4</td><td>673.1</td><td>Other financial assets</td><td>12</td><td>1.2</td></tr><tr><td>11.7</td><td>2.530.7</td><td>2.295.9</td><td>Intangibles</td><td>13</td><td>4.0</td></tr><tr><td>8.5</td><td>–</td><td>–</td><td>Deferred tax assets</td><td>3.0</td><td>1.4</td></tr><tr><td>2.4</td><td></td><td>0.8</td><td>Other</td><td>9</td><td>2.9</td></tr><tr><td>1.1</td><td>–</td><td>–</td><td>Total non - current assets</td><td>5.280.1</td><td>4.808.8</td></tr><tr><td>4.104.3</td><td></td><td>3.873.4</td><td>Total assets</td><td>5.956.0</td><td>5.218.3</td></tr><tr><td>6.130.1</td><td></td><td>5.397.2</td><td>Current liabilities</td><td>Payables</td><td>14</td></tr><tr><td>371.6</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>291.3</td><td>436.3</td><td>655.0</td><td>Deferred income</td><td>5.8</td><td>8.9</td></tr><tr><td>1.5</td><td></td><td>2.0</td><td>Interest - bearing liabilities</td><td>15</td><td>49.9</td></tr><tr><td>45.4</td><td>1.686.4</td><td>1.411.7</td><td>Current tax liabilities</td><td>11.2</td><td>29.3</td></tr><tr><td>9.9</td><td></td><td>23.5</td><td>Provisions</td><td>16</td><td>52.8</td></tr><tr><td>55.3</td><td>48.7</td><td>47.5</td><td>Other</td><td>17</td><td>14.7</td></tr><tr><td>10.6</td><td>–</td><td>–</td><td>Total current liabilities</td><td>506.0</td><td>440.8</td></tr><tr><td>2.182.8</td><td></td><td>2.139.7</td><td>Non - current liabilities</td><td>Deferred income</td><td>16.3</td></tr><tr><tdcolspan="6">18.8</td></tr><tr><td>–</td><td></td><td>–</td><td>Interest - bearing liabilities</td><td>15</td><td>1.209.5</td></tr><tr><td>963.3</td><td>–</td><td>–</td><td>Deferred tax liabilities</td><td>560.4</td><td>535.8</td></tr><tr><td>462.5</td><td></td><td>454.2</td><td>Provisions</td><td>16</td><td>131.6</td></tr><tr><td>116.0</td><td>46.0</td><td>38.3</td><td>Other</td><td>17</td><td>33.9</td></tr><tr><td>55.7</td><td>–</td><td>–</td><td>Total non - current liabilities</td><td>1.951.7</td><td>1.689.6</td></tr><tr><td>508.5</td><td></td><td>492.5</td><td>Total liabilities</td><td>2.457.7</td><td>2.130.4</td></tr><tr><td>2.691.3</td><td></td><td>2.632.2</td><td>Net assets</td><td>3.498.3</td><td>3.087.9</td></tr><tr><td>3.438.8</td><td></td><td>2.765.0</td><td>Equity</td><td>Contributed equity</td><td>18</td></tr><tr><tdcolspan="6">2.139.0</td></tr><tr><td>1.893.1</td><td>2.139.0</td><td>1.893.1</td><td>Foreign currency translation reserve</td><td>19</td><td>( 9.0 )</td></tr><tr><td>( 8.8</td><td>–</td><td>–</td><td>Retained profits</td><td>20</td><td>1.368.3</td></tr><tr><td>1.203.6</td><td>1.299.8</td><td>871.9</td><td>Total equity</td><td>3.498.3</td><td>3.087.9</td></tr><tr><td>3.438.8</td><td></td><td>2.765.0</td></tr></tbody>
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