NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS  NOTE 35 – DEED OF CROSS GUARANTEE continued  - 104 -  Set out below is a condensed consolidated statement of financial position of the Closed Group:  Year ended 31 December  2014  US$’000  2013  US$’000  Current assets  Cash and cash equivalents  11,506  1,558  Other current assets  185  2,200  Total current assets  11,691  3,758  Non-current assets  Exploration and evaluation expenditure  45  170  Related party note receivable  112,481  40,537  Deferred tax assets  3,998  2,303  Investment in subsidiaries 158,047  171,937  Total non-current assets  274,571  214,947  Total assets  286,262  218,705  Current liabilities  Trade and other payables  988  176  Accrued expenses  13  302  Total current liabilities  1,001  478  Non-current liabilities  Deferred tax liabilities 3  4  Total non-current liabilities  3 4 Total liabilities  1,004  482  Net assets  285,258  218,223  Equity  Issued capital  306,853 237,008 Share option reserve  386  386  Foreign currency translation  (30,553)  (20,303)  Retained earnings  8,572  1,132  Total equity  285,258  218,223 