AWB Limited - 2003 Annual Report

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2003
Consolidated
AWB Limited
2003 2002 2003 2002
Notes $'000 $'000 $'000 $'000
Current assets
Cash assets 5 54,785 69,921 2,328 23,996
Receivables 6 1,006,482 2,137,041 842,188 733,395
Inventories 7 185,377 134,062 – –
Other financial assets 11 59,451 62,598 – 2,488
Current tax assets 4(b) 13,444 – – 9,934
Other assets 8 12,200 3,268 185 201
Total current assets 1,331,739 2,406,890 844,701 770,014
Non–current assets
Receivables 6 6,167 4,085 54,711 4,085
Investments accounted for using the equity method 9(c) 12,910 16,958 – –
Other financial assets 11 138,066 14,419 38,763 36,508
Intangible assets 12 583,574 168 172 114
Property, plant and equipment 13 300,443 170,519 54,917 58,811
Deferred tax assets 4(b) 43,044 28,039 6,585 5,853
Total non–current assets 1,084,204 234,188 155,148 105,371
Total assets 2,415,943 2,641,078 999,849 875,385
Current liabilities
Payables 14 336,066 122,681 46,880 76,927
Interest bearing liabilities 15 668,007 1,637,518 9,752 5,961
Current tax liabilities 4(b) – 10,422 3,122 –
Provisions 16 50,649 40,264 14,650 39,365
Other liabilities 17 22,049 20,076 1,001 –
Total current liabilities 1,076,771 1,830,961 75,405 122,253
Non–current liabilities
Interest bearing liabilities 15 394,877 – – –
Provisions 16 1,721 1,513 1,721 1,513
Deferred tax liabilities 4(b) 10,554 19,141 6,125 6,595
Total non–current liabilities 407,152 20,654 7,846 8,108
Total liabilities 1,483,923 1,851,615 83,251 130,361
Net assets 932,020 789,463 916,598 745,024
Equity
Contributed equity 18 848,958 700,312 848,958 700,312
Reserves 19(a) 1,717 14,692 15,000 15,000
Retained profits 19(b) 78,337 72,815 52,640 29,712
Total parent entity interest 929,012 787,819 916,598 745,024
Outside equity interests 20 3,008 1,644 – –
Total equity 21 932,020 789,463 916,598 745,024
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