NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONT For the three months ended 31 March 2013 25. CONTROLLED ENTITIES (CONTINUED) 94 Australian Agricultural Company Limited 31 Mar 2013  $000 31 Dec 2012  $000 31 Mar 2012  $000  (reviewed ) (b) Financial information for class order Closed Group Current Assets Cash and cash equivalents 11,248 22,362 14,733 Trade and other receivables 44,200 43,852 14,679 Inventories 30,729 25,644 25,176 Biological assets – livestock 166,772 166,338 160,415 Derivatives  100  720  283 Other assets  545 1,944 1,665 Total Current Assets 253,594 260,860 216,951 Non-Current Assets Biological assets – livestock 270,296 330,156 326,828 Property, plant and equipment 579,055 579,282 608,755 Investment – at cost 50 50 50 Total Non-Current Assets 849,401 909,488 935,633 Total Assets 1,102,995 1,170,348 1,152,584 Current Liabilities Trade and other payables 25,852 32,795 10,893 Provisions 3,833 2,882 2,392 Interest bearing liabilities 15,316 2,919 1,153 Derivatives 5,442 6,640 1,996 Current tax liabilities - 101 - Total Current Liabilities 50,443 45,337 16,434 Non-Current Liabilities Provisions  546  513 444 Interest bearing liabilities  407,464 407,627 378,863 Deferred tax liabilities 46,246 75,355 84,974 Total Non-Current Liabilities 454,256 483,495 464,281 Total Liabilities 504,699 528,832 480,715 Net Assets 598,296 641,516 671,869 Equity Contributed equity 239,473 239,473 238,296 Reserves 328,139 324,883 353,076 Retained earnings 30,684 77,160 80,497 Total Equity 598,296 641,516 671,869