KATHMANDU A NNUAL REPORT  2013 33 balance sheets AS AT 31 JULY 2013 GROUP PARENT Note 2013 2012 2013 2012 NZ$’000 NZ$’000 NZ$’000 NZ$’000 ASSETS Current assets Cash and cash equivalents 7 2,345 1,811 5 26 Trade and other receivables 8 3,668 3,503 256 261 Related party receivable 9 - - 81,944 82,885 Derivative financial instruments 10 7,887 - - - Inventories 11 80,031 73,295 - - Current tax assets - - 2,589 3,113 Total current assets 93,931 78,609 84,794 86,285 Non-current assets Property, plant and equipment 12 43,379 41,911 - - Intangible assets 13 234,863 249,092 4 - Derivative financial instruments 10 27 - - - Investment in subsidiaries 14 - - 321,234 321,234 Deferred tax 15 4,017 3,218 17 - Total non-current assets 282,286 294,221 321,255 321,234 Total assets 376,217 372,830 406,049 407,519 LIABILITIES Current liabilities Trade and other payables 16 33,032 29,304 257 48 Derivative financial instruments 10 58 3,128 - - Interest bearing liabilities 17 223 - - - Current tax liabilities 5,507 6,276 - - Total current liabilities 38,820 38,708 257 48 Non-current liabilities Derivative financial instruments 10 628 751 - - Interest bearing liabilities 17 42,580 53,737 - - Total non-current liabilities 43,208 54,488 - - Total liabilities 82,028 93,196 257 48 Net assets 294,189 279,634 405,792 407,471 EQUITY Contributed equity - ordinary shares 18 197,370 197,298 422,458 422,386 Reserves 20 (4,668) 5,058 823 739 Retained earnings 20 101,487 77,278 (17,489) (15,654) Total equity 294,189 279,634 405,792 407,471