CONSOLIDATED STATEMENT OF FINANCIAL POSITION  The accompanying notes are an integral part of these consolidated financial statements - 56 -  For the year ended 31 December  Note  2014  US$’000  2013  US$’000  CURRENT ASSETS  Cash and cash equivalents  11  69,217 96,871  Trade and other receivables  12  25,994  28,748  Derivative financial instruments 13  7,801  -  Income tax receivable  2,697  Other current assets  15  8,336  4,038  CURRENT ASSETS  114,045  129,657  Assets held for sale  6  -  11,593  TOTAL CURRENT ASSETS  114,045  141,250  NON-CURRENT ASSETS  Development and production assets  16  519,013  312,230  Exploration and evaluation expenditure  18  155,130  166,144  Property and equipment  19  1,554  1,047  Derivative financial instruments  13  1,782  176  Deferred tax assets  24  3,998  2,303  Other non-current assets  20  998  2,019  TOTAL NON-CURRENT ASSETS  682,475  483,919  TOTAL ASSETS  796,520  625,169  CURRENT LIABILITIES  Trade and other payables  21  46,861  62,811  Accrued expenses  72,333  66,273  Income tax payable  -  11,443  Derivative financial instruments  13  130  335  CURRENT LIABILITIES  119,324  140,862  Liabilities held for sale  6  -  109  TOTAL CURRENT LIABILITIES 119,324 140,971 NON-CURRENT LIABILITIES  Derivative financial instruments  13  -  31  Credit facilities, net of deferred financing fees  22  128,805  29,141  Restoration provision  23  8,866  5,074  Deferred tax liabilities 24  102,668  102,711  Other non-current liabilities  1,851  -  TOTAL NON-CURRENT LIABILITIES  242,190  136,957  TOTAL LIABILITIES  361,514 277,928  NET ASSETS  435,006 347,241  EQUITY  Issued capital  25   306,853 237,008 Share option reserve  26  7,550  5,635  Foreign currency translation  (832)  (1,516)  Retained earnings  121,435  106,114  TOTAL EQUITY  435,006 347,241 