notes to and forming part of the financial statements  for the year ended 30 June 2004 (continued) 53 RESOLUTE MINING LIMITED 2004 ANNUAL REPORT Consolidated Resolute Mining Limited 2004 2003 2004 2003 $’000 $’000 $’000 $’000 NOTE 20 - PROVISIONS (NON-CURRENT) (continued) (v) Unearned income Carrying amount at the beginning of the financial year 3,353  1,399  58  -  Additional provision 11,976  8,533  -  82  Amounts utilised during the year (7,560) (6,349) (58) (24) Foreign exchange (40) (230) -  -  Carrying amount at the end of the financial year 7,729  3,353  -  58  NOTE 21 - DEFERRED TAX LIABILITIES Provision for deferred tax liability 7,090  5,823  -  -  7,090 5,823 - - NOTE 22 - OTHER LIABILITIES Amount payable to controlled entities (Note 29) -  -  2,595  1,406  NOTE 23 - EQUITY (a) Contributed equity Ordinary share capital  177,185,773 ordinary fully paid shares (2003: 164,463,168) 71,442  56,568  71,442  56,568  (b) Movements in contributed equity Balance at the beginning of the year 56,568  48,900  56,568  48,900  Exercise of 137,523 listed options at 80 cents per share 110  -  110  -  Exercise of 290,000 unlisted options at 81 cents per share 235  -  235  -  Placement of 12,295,082 shares at $1.22 per share  15,000  -  15,000  -  Cost of issuing securities (453) -  (453) -  Placement of 10,650,000 RML shares at 72 cents per share -  7,668  -  7,668  Cost of exercising options (18) -  (18) -  Balance at the end of the year 71,442  56,568  71,442  56,568  Ordinary shares have the right to receive dividends as declared and  in the event of winding up the Company, to participate in the proceeds from the sale of all surplus assets in proportion to the number of and amounts paid up on shares held. Ordinary shares entitle their holder to one vote, either in person or by proxy, at a meeting of the Company. Refer to Note 36(b) for details of the Employee Share Option Plan. Each option entitles the holder to purchase one share.  The names of all persons who currently hold employee share options, granted at any time, are entered into the register kept by the Company, pursuant to Section 215 of the Corporations Act 2001. Persons entitled to exercise these options have no right, by virtue of the options, to participate in any share issue by the parent entity or any other body corporate. (d) Employee share options (c) Terms and conditions of contributed equity