text: NOTES TO THE FINANCIAL STATEMENTS 
  
  for the year ended 31 December 2004 
  
  **Consolidated** **Santos Ltd**
  
  **2004**
  **$million** 2003 
  $million  **2004**
  **$million** 2003 
  $million  **15. Interest-Bearing Liabilities**
  
  **Current**
  Amounts owing to controlled entities 
  Long-term notes 
  Bank loans 
  Other  **–**
  **43.7**
  **5.2**
  **1.0** – 
  45.4 
  – 
  –  **1,685.4**
  **–**
  **–**
  **1.0** 1,411.7 
  – 
  – 
  – 
  
  **49.9** 45.4  **1,686.4** 1,411.7 
  
  The interest-bearing amounts owing to controlled entities are for loans made in the 
  ordinary course of business on normal market terms and conditions for an indefinite period. 
  
  **Non-current**
  Bank loans 
  Commercial paper 
  Medium-term notes 
  Long-term notes  **222.7**
  **209.0**
  **20.0**
  **757.8** – 
  110.0 
  20.0 
  833.3  **–**
  **–**
  **–**
  **–** – 
  – 
  – 
  – 
  
  **1,209.5** 963.3  **–** – 