Lead Manager

BABCOCK & BROWN PROSPECTUS
5.4.3 Pro-forma statement of financial position under Australian IFRS
As at 31 December ($000) 2003
Assets
Cash and short-term trading securities 570,733
Fees receivable from financing transactions 47,202
Other receivables 64,468
Notes receivable 164,430
Investments in financial assets 58,651
Investments accounted for using the equity method 161,776
Transportation equipment 503,498
Real estate 388,671
Semiconductor equipment 4,720
Plant, property and equipment 19,539
Assets under development 65,565
Other assets 28,968
Deferred tax assets 68,591
Total assets 2,146,812
Liabilities
Accounts payable and accrued liabilities 244,848
Deposits held 48,431
Deferred income 32,097
Interest bearing liabilities
Transportation equipment notes payable 505,888
Real estate notes payable 341,617
Other notes payable 131,595
Shareholder dividend payable 12,981
Current tax liabilities 7,524
Deferred tax liabilities 5,150
Other liabilities 6,038
Total liabilities 1,336,169
Net assets 810,643
Equity
Shareholders’ interests 540,994
Outside equity interest
BBIPL 231,867
Other minorities 37,782
Total equity 810,643
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