104 Consolidated  Notes to the  Financial  Statements Note 45 – Deed of cross guarantee (continued) Closed Group 2011 2010 $m $m Statement of fi nancial position Current assets Cash and cash equivalents  752.9 480.7 Trade and other receivables  1,182.4 1,159.5 Inventories  112.7 78.4 Other financial assets  195.1 159.3 Other assets  25.9 25.6 Total current assets 2,269.0 1,903.5 Non-current assets Trade and other receivables  0.5 0.6 Investments accounted for using the equity method  240.7 200.8 Exploration and evaluation assets  655.1 607.5 Oil and gas assets  461.4 333.4 Property, plant and equipment  1,543.8 1,315.5 Intangible assets  2,300.0 2,311.8 Other financial assets  1,709.3 1,630.4 Other assets  0.4 1.6 Total non-current assets 6,911.2 6,401.6 Total assets 9,180.2 8,305.1 Current liabilities Trade and other payables  769.2 769.2 Borrowings  886.7 – Provisions  94.3 68.3 Current tax liabilities  167.2 42.5 Other financial liabilities  466.5 730.6 Other liabilities  15.1 0.6 Total current liabilities 2,399.0 1,611.2 Non-current liabilities Borrowings  272.9 890.2 Provisions  161.6 162.5 Deferred tax liabilities  302.7 165.6 Other financial liabilities  92.2 42.1 Other liabilities  54.2 66.6 Total non-current liabilities 883.6 1,327.0 Total liabilities 3,282.6 2,938.2 Net assets 5,897.6 5,366.9 Equity Issued capital  4,244.6 4,066.7 Reserves  (37.4) (152.1) Retained earnings  1,690.4 1,452.3 Total equity 5,897.6 5,366.9 Summary of movements in retained earnings Retained earnings at beginning of financial year  1,452.3 1,551.6 Profit for the year  495.4 166.6 Dividends paid or provided  (268.4) (255.9) Actuarial gain/(loss) on defined benefit plans, net of tax  2.5 (5.4) Share of actuarial gain/(loss) on defined benefit plans attributable to associates  8.6 (4.6) Retained earnings at end of fi nancial year 1,690.4 1,452.3