AWB Limited - 2004 Annual Report

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2004
Consolidated
AWB Limited
2004 2003 2004 2003
Notes $'000 $'000 $'000 $'000
Current assets
Cash assets 5 48,225 54,785 87,890 2,328
Receivables 6 1,714,611 1,006,482 787,096 842,188
Inventories 7 180,961 185,377 – –
Other financial assets 11 728,889 137,893 – –
Current tax assets 4(b) – 13,444 – –
Other assets 8 9,189 12,200 53 185
Total current assets 2,681,875 1,410,181 875,039 844,701
Non–current assets
Receivables 6 11,185 6,167 174,877 54,711
Investments accounted for using the equity method 9(a) 21,361 12,910 – –
Other financial assets 11 144,571 138,066 36,177 38,763
Intangible assets 12 515,029 533,574 170 172
Property, plant and equipment 13 319,561 350,443 – 54,917
Deferred tax assets 4(b) 41,617 43,044 41,617 6,585
Total non–current assets 1,053,324 1,084,204 252,841 155,148
Total assets 3,735,199 2,494,385 1,127,880 999,849
Current liabilities
Payables 14 533,927 356,615 90,824 46,880
Interest bearing liabilities 15 1,580,975 668,007 – 9,752
Current tax liabilities 4(b) 37,198 – 37,198 3,122
Provisions 16 49,030 50,649 4,611 14,650
Other liabilities 17 145,444 79,942 – 1,001
Total current liabilities 2,346,574 1,155,213 132,633 75,405
Non–current liabilities
Interest bearing liabilities 15 321,131 394,877 – –
Provisions 16 4,744 1,721 36 1,721
Deferred tax liabilities 4(b) 16,505 10,554 16,505 6,125
Total non–current liabilities 342,380 407,152 16,541 7,846
Total liabilities 2,688,954 1,562,365 149,174 83,251
Net assets 1,046,245 932,020 978,706 916,598
Equity
Contributed equity 18(a) 953,403 848,958 953,403 848,958
Reserves 19(a) (1,524) 1,717 15,000 15,000
Retained profits 19(b) 91,907 78,337 10,303 52,640
Total parent entity interest 1,043,786 929,012 978,706 916,598
Outside equity interests 20 2,459 3,008 – –
Total equity 21 1,046,245 932,020 978,706 916,598
61