Port Hedland Port Authority Annual Report 2011 - Parliament of ...

Statement of Financial Position as at 30 June 2011
Notes 2011 2010
ASSETS $'000 $'000
Current assets
Cash and cash equivalents 10 27,632 50,393
Trade and other receivables 11 23,394 13,314
Inventories 12 2,310 1,241
Current tax asset 11 7,125 2,602
Total current assets 60,461 67,550
Non current assets
Property, plant and equipment 13 351,432 297,643
Trade and other receivables 14 39,729 43,118
Deferred tax assets 14 24,034 1,316
Total non current assets 415,195 342,077
Total assets 475,656 409,627
LIABILITIES
Current liabilities
Trade and other payables 15 19,962 40,103
Interest bearing borrowing 15 15,000 5,000
Provisions 16 1,629 1,199
Total current liabilities 36,591 46,302
Non current liabilities
Other non-current liabilites 17 103,738 108,483
Deferred tax liabilities 17 16,942 281
Interest bearing borrowing 17 193,700 133,700
Provisions 18 486 529
Total non current liabilities 314,866 242,993
Total liabilities 351,457 289,295
Net Assets 124,199 120,332
EQUITY
Contributed equity 23,415 22,665
Retained earnings 100,784 97,667
Total equity 124,199 120,332
The above Statement of Financial Positions should be read in conjunction with the accompanying notes.
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