kAThMANdu  annual report 2012 33 balance sheets aS at 31 July 2012 Group pArent note 2012 nZ$’000 2011 nZ$’000 2012 nZ$’000 2011 nZ$’000 ASSetS Current assets Cash and cash equivalents 7 1,811 3,574 26 5 Trade and other receivables 8 3,503 2,339 261 192 Related party receivable 9 - - 82,885 84,216 Derivative financial instruments 10 - 2 - - Inventories 11 73,295 54,001 - - Current tax assets - - 3,113 3,214 Total current assets 78,609 59,916 86,285 87,627 non-current assets Property, plant and equipment 12 41,911 32,822 - - Intangible assets 13 249,092 243,685 - - Investment in subsidiaries 14 - - 321,234 321,234 Deferred tax 15 3,218 3,467 - - Total non-current assets 294,221 279,974 321,234 321,234 total assets 372,830 339,890 407,519 408,861 LIABILItIeS Current liabilities Trade and other payables 16 29,304 21,012 48 42 Derivative financial instruments 10 3,128 10,505 - - Current tax liabilities 6,276 6,666 - - Total current liabilities 38,708 38,183 48 42 non-current liabilities Derivative financial instruments 10 751 301 - - Interest bearing liabilities 17 53,737 46,480 - - Total non-current liabilities 54,488 46,781 - - total liabilities 93,196 84,964 48 42 net assets 279,634 254,926 407,471 408,819 eQuItY Contributed equity - ordinary shares 18 197,298 197,049 422,386 422,137 Reserves 20 5,058 (4,541) 739 625 Retained earnings 20 77,278 62,418 (15,654) (13,943) total equity 279,634 254,926 407,471 408,819