ASX ANNOUNCEMENT Bega Cheese Limited ... - Open Briefing

Financial Statements
Year Ended 30 June 2011
Consolidated Balance Sheet
Consolidated Balance Sheet
The above Consolidated Balance Sheet should be read in conjunction with the accompanying notes.
2011 2010
Notes $'000 $'000
Assets
Current assets
Cash and cash equivalents 30 20,587 18,169
Trade and other receivables 8 83,341 89,580
Other financial assets 9 2,489 819
Inventories 10 104,595 122,531
Assets held for sale 11 9 27
Total current assets 211,021 231,126
Non-current assets
Other financial assets 12 37,010 199
Property, plant and equipment 13 197,866 193,796
Deferred tax assets 7 14,400 17,212
Intangible assets 14 1,788 2,170
Total non-current assets 251,064 213,377
Total assets 462,085 444,503
Liabilities
Current liabilities
Trade and other payables 15 117,764 112,465
Borrowings 16 22,006 63,953
Current tax liabilities 1,904 2,717
Provisions 17 18,872 16,745
Total current liabilities 160,546 195,880
Non-current liabilities
Trade and other payables 18 148 704
Borrowings 19 94,300 68,659
Provisions 20 1,616 1,644
Total non-current liabilities 96,064 71,007
Total liabilities 256,610 266,887
Net assets 205,475 177,616
Consolidated
Equity
Contributed equity 21 27,169 27,163
Reserves 22 46,057 31,907
Retained earnings 106,633 92,888
Capital and reserves attributable to owners of Bega Cheese Limited 179,859 151,958
Non-controlling interests 28 25,616 25,658
Total equity 205,475 177,616
Bega Cheese Limited 2011 Annual Report 28