12. Other Financial Assets 13. Intangibles Investments in controlled entities – – 2,530.2 2,284.9 Investments in other entities: Listed shares at cost 1.2 1.2 0.5 0.5 Listed shares at recoverable amount – 10.5 – 10.5 1.2 11.7 2,530.7 2,295.9 Market value of investments in listed shares 2.7 16.2 0.5 11.7 Goodwill, at cost 160.2 160.2 – – Less accumulated amortisation (156.2) (151.7) – – 4.0 8.5 – – 14. Payables Trade creditors 278.9 242.6 109.5 95.3 Sundry creditors and accruals 92.7 48.7 28.4 18.4 Amounts owing to controlled entities – – 298.4 541.3 371.6 291.3 436.3 655.0 Annual Report 2004 59 Consolidated Santos Ltd 2004 2003 2004 2003 11. Land and Buildings, Plant and Equipment $million $million $million $million Land and buildings At cost 97.2 94.7 55.5 52.3 Less accumulated depreciation (49.7) (47.7) (34.0) (33.0) 47.5 47.0 21.5 19.3 Plant and equipment At cost 3,938.1 3,576.1 1,711.7 1,642.1 Less accumulated depreciation (1,926.9) (1,782.3) (1,067.8) (988.3) 2,011.2 1,793.8 643.9 653.8 Total land and buildings, plant and equipment 2,058.7 1,840.8 665.4 673.1 Movements during the year Land and buildings Balance at the beginning of the year 47.0 45.2 19.3 18.5 Additions 2.5 5.1 3.2 2.6 Depreciation expense (2.0) (3.3) (1.0) (1.8) Balance at the end of the year 47.5 47.0 21.5 19.3 Plant and equipment Balance at the beginning of the year 1,793.8 1,627.5 653.8 621.0 Additions 461.7 358.1 188.0 102.2 Acquisitions 12.6 13.5 – – Disposals (26.6) (32.2) (94.5) (0.3) Depreciation expense (169.1) (168.7) (85.8) (69.1) Foreign currency translation (0.5) (4.4) – – Expenditure transferred to exploration and development (60.7) – (17.6) – Balance at the end of the year 2,011.2 1,793.8 643.9 653.8