111 AGL Energy Limited Annual Report 2012 Note 45 – Jointly controlled operations and assets (a) On 6 December 2011, the consolidated entity disposed of its 37.5% interest in permits PRL 14, 17 & 18 and PEL 103 & 103A and its 35% interest in PEL 101 located in the Cooper Basin in  South Australia. (b) On 13 October 2011, the consolidated entity disposed of its 50% interest in exploration permit PEP 51151 in New Zealand’s Taranaki Basin. (c) During the financial year, the consolidated entity’s interest in PEP 52181 increased from 15.0% to 42.9% through the withdrawal of two joint venture partners. The consolidated entity’s interest in assets employed in the above jointly controlled operations and assets is detailed below. The amounts  are included in the consolidated financial statements under their respective asset categories. The consolidated entity’s share of capital expenditure commitments and contingent liabilities of jointly controlled operations are disclosed  in Notes 38 and 40 respectively. 2012  $m 2011  $m Current assets Cash and cash equivalents 75.0  43.7  Trade and other receivables 10.3  10.0  Inventories 0.0  1.0  Other assets 2.6  3.8  Total current assets 88.1  58.5  Non-current assets Exploration and evaluation assets 18.7  26.6  Oil and gas assets 293.8  251.9  Property, plant and equipment 387.2  56.6  Total non-current assets 699.7  335.1  Total assets 787.8  393.6 Output interest Joint venture/area Principal activities 2012 % 2011 % Bowen Basin – Queensland Moranbah Gas Project – PL 191, PL 196, PLA 222, PL 223, PL 224 & ATP 1103P Gas production and exploration  50.0   50.0  Spring Gully Project – ATP 592P, PL 195 & PL 203 Gas production and exploration  0.8  0.8  Spring Gully Project – PL 204 Gas production  0.04   0.04  Galilee Basin – Queensland Galilee Gas Project – ATP 529P Gas exploration  50.0  50.0  Cooper/Eromanga Basin – South Australia PEL 101 (a) Gas exploration –  35.0  PEL 103, PEL 103A, PRL 14, PRL 17 & PRL 18 (a) Gas exploration and oil production –  37.5  Surat Basin – Queensland ATP 471P (Bainbilla Block) Oil and gas exploration  75.3  75.3  ATP 471P (Spring Grove #2 sole risk) Oil and gas exploration  52.8  52.8  ATP 471P (Weribone) Oil and gas exploration  28.7  28.7  PL 1 (Cabawin) Oil production  15.0  15.0  PL 30 (Riverslea) Oil production  10.0  10.0  PL 74 (Major) Oil production  16.0  16.0  PL 441 (Downlands) Oil and gas production 75.3  75.3  Cooper/Eromanga Basin – Queensland ATP 934P (under application) Oil and gas exploration  20.0  20.0  ATP 1056P Oil exploration  40.0  40.0  Taranaki Basin – New Zealand PEP 51149 Oil and gas exploration  18.6  18.6  PEP 51151 (b) Oil and gas exploration –  50.0  PEP 52181 (c) Oil and gas exploration  42.9  15.0  PEP 53247 Oil and gas exploration  75.0  75.0  Others North Queensland Energy Joint Venture Sale of gas and electricity  50.0  50.0  Macarthur Wind Farm Joint Venture Wind farm construction and owner  50.0  50.0  Lytton Joint Venture Crude oil storage terminal  33.3  33.3 