Statement of Financial Position as at 30 June 2004 Consolidated Resolute Mining Limited 2004 2003 2004 2003 Note $’000 $’000 $’000 $’000 CURRENT ASSETS Cash assets 5 19,274  17,627  -  -  Receivables 6 8,927 11,802 7,546 8,263 Other financial assets 7 -  5,424  -  1,753  Inventories 8 25,942 16,453 - - Other 9 2,980 1,095 407 54 TOTAL CURRENT ASSETS 57,123  52,401  7,953  10,070  NON-CURRENT ASSETS Receivables 10 50 50 13,490 30,229 Other financial assets 11 2,625  9,445  77,564  25,831  Mineral exploration and development interests 12 40,214  14,374  -  -  Property, plant and equipment 13 92,747  32,208  -  -  Deferred expenditure 14 25,872  18,438  -  -  TOTAL NON-CURRENT ASSETS 161,508  74,515  91,054  56,060  TOTAL ASSETS 218,631 126,916 99,007 66,130 CURRENT LIABILITIES Payables 15 27,008 14,452 3,293 255 Interest bearing liabilities 16 4,391  8,293  4,224  8,193  Tax liabilities 17 1,491 - - - Provisions 18 11,280 9,236 - 58 TOTAL CURRENT LIABILITIES 44,170  31,981  7,517  8,506  NON-CURRENT LIABILITIES Interest bearing liabilities 19 32,718  14,003  16,895  -  Provisions 20 19,475 2,842 - - Deferred tax liabilities 21 7,090  5,823  -  -  Other liabilities 22 -  -  2,595  1,406  TOTAL NON-CURRENT LIABILITIES 59,283  22,668  19,490  1,406  TOTAL LIABILITIES 103,453  54,649  27,007  9,912  NET ASSETS 115,178 72,267 72,000 56,218 EQUITY Parent entity interest: Contributed equity 23 71,442 56,568 71,442 56,568 Reserves 24 (18,810) (14,794) - - Retained profits/(accumulated losses) 25 61,036  29,141  558  (350) Parent entity interest in equity 113,668 70,915 72,000 56,218 Outside equity interests: Contributed equity 26 770 770 - - Reserves 26 (345) (313) - - Retained profits 26 1,085 895 - - Outside equity interests in equity 1,510 1,352 - - TOTAL EQUITY 115,178 72,267 72,000 56,218 39 RESOLUTE MINING LIMITED 2004 ANNUAL REPORT