CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 31 March 2013 Note 31 Mar 2013  $000 31 Dec 2012  $000 31 Mar 2012  $000   *(reviewed) Current Assets Cash and cash equivalents 12 11,248 22,362 14,733 Trade and other receivables 13 16,829 17,372 9,830 Inventories and consumables 14 30,729 25,645 25,175 Biological assets – livestock 15 166,772 166,338 160,415 Derivative financial instruments 20 544 720  283 Other assets 545 1,944 1,665 Total Current Assets 226,667 234,381 212,101 Non-Current Assets Biological assets – livestock 15 270,296 330,156 326,828 Property, plant and equipment 16 603,157 602,933 610,776 Total Non-Current Assets 873,453 933,089 937,604 Total Assets 1,100,120 1,167,470 1,149,705 Current Liabilities Trade and other payables 17 26,055 32,795 10,893 Provisions 18 3,633 2,882 2,392 Interest bearing loans and borrowings 21 15,316 2,919 1,153 Derivative financial instruments 20 5,442 6,640 1,995 Current tax liabilities 9 - 101 - Total Current Liabilities 50,446 45,337 16,433 Non-Current Liabilities Provisions 19  546  512  444 Interest bearing loans and borrowings  21 407,464 407,627 378,863 Deferred tax liabilities 9 46,246 75,355 84,974 Total Non-Current Liabilities 454,256  483,494 464,281 Total Liabilities 504,702 528,831 480,714 Net Assets 595,418 638,639 668,991 Equity Contributed equity 22 239,473 239,473 238,296 Reserves 23 328,139 324,883 353,076 Retained earnings 23 27,806 74,283 77,619 Total Equity 595,418 638,639 668,991 The above Consolidated Statement of Financial Position should be read in conjunction with the accompanying notes. *The Company’s auditor has performed a review (which is not an audit) of the 31 March 2012 comparatives Annual Report 2013 53