2004-05 Annual Report - Australia Post

Australia Post Annual Report 2004/05 Financial and Statutory Reports
Statement of financial position
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STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2005
ASSETS
Current assets
Note
2005
$m
Consolidated Corporation
Cash 36 568.7 455.9 565.8 452.8
Receivables 6 360.5 312.8 341.7 310.0
Inventories 7 67.6 59.4 67.6 59.4
Tax assets 8 104.0 110.6 104.0 110.6
Accrued revenues 68.2 63.4 68.2 63.3
Other current assets 9 48.8 57.0 47.3 56.2
Total current assets 1,217.8 1,059.1 1,194.6 1,052.3
Non-current assets
Receivables 10 226.1 226.1 238.8 232.8
Investments accounted for under
the equity method
2004
$m
2005
$m
2004
$m
11 273.9 275.0 263.6 263.1
Investments 11 0.0 0.0 72.3 4.3
Land and buildings 12, 31 1,259.8 1,146.3 1,259.1 1,146.3
Plant and equipment 12, 31 550.7 587.3 538.1 582.4
Intangibles 13, 31 122.6 72.0 69.9 70.7
Tax assets 14 106.5 94.6 106.5 94.6
Other non-current assets 15 5.0 11.4 5.0 11.4
Total non-current assets 2,544.6 2,412.7 2,553.3 2,405.6
Total assets 3,762.4 3,471.8 3,747.9 3,457.9
LIABILITIES
Current liabilities
Provisions 16 275.1 268.0 272.2 267.2
Payables 17 624.5 622.1 619.0 619.8
Tax liabilities 18 52.7 58.6 52.1 58.6
Total current liabilities 952.3 948.7 943.3 945.6
Non-current liabilities
Interest-bearing liabilities 19 531.8 530.0 530.0 530.0
Provisions 20 334.8 297.1 334.1 296.5
Payables 21 4.5 4.6 2.1 1.7
Tax liabilities 22 124.6 131.8 124.6 131.8
Total non-current liabilities 995.7 963.5 990.8 960.0
Total liabilities 1,948.0 1,912.2 1,934.1 1,905.6
Net assets 1,814.4 1,559.6 1,813.8 1,552.3
Equity
Contributed equity 23 400.0 400.0 400.0 400.0
Reserves 23 337.4 215.8 337.4 215.8
Retained profits 23 1,077.0 943.8 1,076.4 936.5
Total parent entity interest 1,814.4 1,559.6 1,813.8 1,552.3
Outside equity interest 0.0 – – –
Total equity 1,814.4 1,559.6 1,813.8 1,552.3
The accompanying notes form an integral part of these financial statements.