106 Australian Agricultural Company Limited 31. INFORMATION RELATING TO THE PARENT ENTITY (CONTINUED) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONT For the three months ended 31 March 2013 (a) Guarantees entered into by the parent entity (b) Contingent liabilities of the parent entity (b) Accounting policies (a) Contractual commitments for the acquisition of property, plant or eq uipment The accounting policies of the parent entity, which have been applied in deter mining the financial information shown above, are the same as those  applied in the consolidated financial statements except for investments in sub sidiaries are accounted for at cost in the financial statements of  Australian Agricultural Company Limited� Australian Agricultural Company Ltd did not have any commitments for the ac quisition of property, plant and equipment as at 31 March 2013, 31  December 2012 and 31 March 2012� No liability was recognised by Australian Agricultural Company Ltd in relation to these guarantees, as the fair value of the guarantees is immaterial� Australian Agricultural Company Ltd and the wholly owned entities listed in note 25 are parties to a deed of cross guarantee as described in note  25� The nature of the deed of cross guarantee is such that each Company which is party to the deed guarantees, to each creditor, payment in full of  any debt in accordance with the deed of cross guarantee� No deficiency of net assets existed for the Group as at 31 March 2013� 31 Mar 2013 $000 31 Dec 2012  $000 31 Mar 2012  $000  (reviewed) Contributed equity 244,097 244,097 242,921 Asset revaluation reserve 45,382 47,694 45,355 Capital profits reserve 110,777 110,777 110,777 Cash flow hedge reserve (4,651) (6,079) (233) Employee equity benefits reserve 5,461 5,331 5,023 Accumulated losses (32,696) (26,490) (11,850) Total equity 368,370 375,330 391,993 3 months to 31 Mar 2013  $ 12 months to 31 Dec 2012  $ 3 months to  31 Mar 2012  $  (reviewed) Loss of the parent entity (6,206) (18,903) (4,264) Total comprehensive loss of the parent entity (7,764) (20,026) (4,204) 31 Mar 2013 $000 31 Dec 2012  $000 31 Mar 2012  $000  (reviewed) Guarantees and indemnities Bank guarantees provided in relation to premises 215 231 80