22 Borders & Southern Petroleum plc Annual Report & Accounts 2014 CONSOLIDATED 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 Intangible assets 11 289,966 286,950 Total non-current assets 289,977 286,963 Current assets Other receivables 13 329 1,017 Cash and cash equivalents 16,079 23,290 Total current assets 16,408 24,307 Total assets 306,385 311,270 Liabilities Current liabilities Tax payables 9 – (185) Trade and other payables 14 (250) (1,307) Total net assets 306,135 309,778 Equity Share capital 15 8,530 8,530 Share premium 308,602 308,602 Other reserves 2,280 2,035 Retained deficit (13,261) (9,373) Foreign currency reserve (16) (16) Total equity 306,135 309,778 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. Peter Fleming Director Howard Obee  Director Company Number: 5147938