BALANCE SHEET AS AT 30 JUNE 2000 The balance sheet should be read in conjunction with the accompanying notes on pages 21 to 42. Note Consolidated Company 2000 1999 2000 1999 $ $ $ $ Current Assets Cash 3,004,977 5,647,299 2,342,400 5,392,785 Receivables 7 3,430,073 4,325,815 76,382 76,382 Inventories 8 508,851 347,496 – – Other 9 163,077 173,829 – – Total Current Assets 7,106,978 10,494,439 2,418,782 5,469,167 Non Current Assets Receivables 7 – – 4,181,976 1,580,792 Property, plant & equipment 10 24,434,964 19,372,420 – – Investments 11 – – 2,444,611 2,444,611 Other 12 664,722 318,202 – – Total Non Current Assets 25,099,686 19,690,622 6,626,587 4,025,403 Total Assets 32,206,664 30,185,061 9,045,369 9,494,570 Current Liabilities Accounts payable 14 2,363,506 1,614,224 – 98,375 Borrowings 15 1,185,305 899,399 – – Provisions 16 371,518 1,636,802 – 541,385 Total Current Liabilities 3,920,329 4,150,425 – 639,760 Non Current Liabilities Borrowings 15 12,718,592 10,749,744 – – Provisions 16 1,808,922 1,318,114 – – Total Non Current Liabilities 14,527,514 12,067,858 – – Total Liabilities 18,447,843 16,218,283 – 639,760 Net Assets 13,758,821 13,966,778 9,045,369 8,854,810 Equity Issued Capital 17 8,820,000 8,820,000 8,820,000 8,820,000 Reserves 18 3,763,956 3,763,956 – – Retained profits 1,174,865 1,382,822 225,369 34,810 Total Equity 13,758,821 13,966,778 9,045,369 8,854,810 36 Gar