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Statement of Financial Position

STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2003

2001-02 2002-03
Note $’000 $’000
Assets 
Current assets 
Cash on hand and deposit accounts 1.5(a) 6,381 5,860
Receivables    1.5(b), 6.1 239 376
Tax Asset 1.1 ... 1,648
Other current assets 1.5(d), 6.4 2,119 2,093
Total current assets      8,739 9,977
Non-Current assets
Receivables 1.5(b), 6.1 238 233
Plant equipment and vehicles 1.5(e), 6.2 6,974 6,543
Land and buildings   1.5(e), 6.2 11,513 9,953
Road infrastructure 1.5(e), 6.2 2,806,242 3,057,037
Other infrastructure    1.5(e), 6.2 10,657 10,522
Total non-current assets     2,835,624 3,084,288
Total assets      2,844,363 3,094,265
Liabilities  
Current liabilities
Employee benefits   1.6(b), 7.1 4,619 5,020
Payables 1.6(a), 7.2 2,655 2,017
Other   1.6 (d), 7.3 1,090 3,433
Total current liabilities     8,364 10,470
Non-current liabilities 
Employee benefits   1.6(b), 7.1 5,433 5,880
Total non-current liabilities      5,433 5,880
Total liabilities      13,797 16,350
Net assets (liabilities)     2,830,566 3,077,915
Equity  
Accumulated Surplus 8.1 2,686,809 2,636,410
Asset Revaluation Reserve  8.3 143,757 441,505
Total equity    2,830,566 3,077,915

The above Statement of Financial Position should be read in conjunction with the accompanying notes.