24 Borders & Southern Petroleum plc Annual Report & Accounts 2014 COMPANY STATEMENT OF FINANCIAL POSITION AT 31 DECEMBER 2014 2014 2013 Note $000 $000 $000 $000 Assets Non-current assets Property, plant and equipment 10 11 13 Investments 12 – – Total non-current assets 11 13 Current assets Other receivables 13 290,472 288,142 Cash and cash equivalents 16,079 23,290 Total current assets 306,551 311,432 Total assets 306,562 311,445 Liabilities Current liabilities Tax payable – (185) Trade and other payables 14 (250) (1,307) Total net assets 306,312 309,953 Equity Called up share capital 15 8,530 8,530 Share premium  308,602 308,602 Other reserves 2,280 2,035 Retained deficit (13,082) (9,196) Foreign currency reserve (18) (18) Total equity 306,312 309,953 The notes on pages 28 to 38 form part of the financial statements. The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2015. Howard Obee  Director Peter Fleming Director Company Number: 5147938