notes to the financial statements for the year ended 30 June 2001 Transurban has advice from Senior Counsel that the concession fees should be immediately deductible expenditure. The Accounts have been prepared on this basis. Deductions in respect of concession fees account for $509,254,000 of the consolidated entity’s carried-forward loss of $809,228,000 at 30 June 2001. The Company and the ATO have been unable to agree on the treatment to be applied to concession fees and as a consequence the ATO issued an assessment in respect of the Company’s income tax return for the year ended 30 June 1998.  Transurban lodged an objection to this assessment on 16 August 2000 and on 17 November 2000 the ATO disallowed the objection. On 21 December 2000, Transurban lodged an appeal in the Federal Court against the ATO decision to disallow the objection. The appeal is still progressing through directions and discovery processes and no date is set for hearing of the matter. If the ATO’s position on deductibility of the Concession Notes is confirmed, the after tax internal rate of return for an investor subject to the corporate tax rate will be reduced to approximately 85 per cent of the return which would have been achieved if the concession fees were immediately deductible. 43 Consolidated Parent Entity 2001  2000  2001  2000 $’000 $’000 $’000 $’000 5. CASH ASSETS – CURRENT ASSETS Cash at bank  42,819  25,032  42,819  24,532 42,819  25,032  42,819  24,532 The above figures are reconciled to cash at the end  of the financial year as shown in the statement of  cash flows as follows:  Cash at bank - as above  42,819  25,032  42,819  24,532 Cash collateral (see note 1j)  1,249,000  1,249,000  1,249,000  1,249,000 1,291,819  1,274,032  1,291,819  1,273,532 The amount shown in Cash at Bank includes $36.6 million  which is held in Reserve Accounts related to borrowing  facilities and is not available for general use. (2000: $14.6 million) 6. RECEIVABLES – CURRENT ASSETS Trade Debtors  7,593  3,859  7,593  3,859 Less: Provision for Doubtful Debts  (342)  (19)  (342)  (19) 7,251  3,840  7,251  3,840 Other Debtors  13,528  8,999  13,528  8,999 20,779  12,839  20,779  12,839