Statement of Financial Performance for the year ended 30 June 2005 Consolidated Corporation Note 2005 2004 2005 2004 $’000 $’000 $’000 $’000 Revenue from Ordinary Activities 2 1,710,425 1,643,837 1,705,251 1,638,006 Expenses from Ordinary Activities excluding Borrowing Costs and Employer Superannuation Contributions Borrowing Costs Employer Superannuation Contributions (refer note 29) 2 (1,442,950) (1,381,413) (1,440,987) (1,379,914) (110,781) (111,295) (110,781) (111,295) (5,717) (10,419) (5,717) (10,419) Profit from Ordinary Activities before related Income Tax Expense 150,977 140,710 147,766 136,378 Income Tax Expense relating to Ordinary Activities 3 (52,258) (62,371) (50,730) (61,105) 66 Profit from Ordinary Activities after related Income Tax Expense 98,719 78,339 97,036 75,273 Net Profit Result Attributable to Members of the Parent Entity 98,719 78,339 97,036 75,273 Increase (decrease) in asset revaluation reserve 14,658 - 14,658 - Total changes in equity other than those resulting from transactions with owners as owners 19 113,377 78,339 111,694 75,273 The accompanying notes form part of this Statement of Financial Performance. COUNTRY ENERGY ANNUAL REPORT 2004–2005
Statement of Financial Position as at 30 June 2005 Consolidated Corporation Note 2005 2004 2005 2004 $’000 $’000 $’000 $’000 Current Assets Cash Assets 7 1,434 11,526 1,434 11,516 Receivables 8 210,900 219,093 218,693 229,130 Estimated Revenue from Unread Meters 1(f) 173,146 137,265 173,146 137,265 Inventories 9 19,975 19,534 19,975 19,534 Current Tax Assets 4 - - - - Other Assets 11 26,675 7,073 26,675 7,073 Total Current Assets 432,130 394,491 439,923 404,518 Non-Current Assets Receivables 8 38,542 25,382 38,542 25,382 Investments in Subsidiary Corporations 10 - - 36,871 36,871 Property, Plant and Equipment 12 2,614,694 2,359,749 2,490,113 2,235,023 Intangible Assets 13 23,007 25,955 8,479 9,543 Deferred Tax Assets 4 52,756 51,439 52,756 51,439 Other Assets 11 26,945 8,692 140,902 122,640 67 Total Non-Current Assets 2,755,944 2,471,217 2,767,663 2,480,898 TOTAL ASSETS 3,188,074 2,865,708 3,207,586 2,885,416 Current Liabilities Payables 15 255,078 237,776 262,793 244,871 Deposits 14 13,801 15,542 13,801 15,542 Interest Bearing Liabilities 16 539,207 442,657 539,218 442,657 Current Tax Liabilities 5 23,348 46,339 23,348 46,339 Provisions 17 75,206 77,387 75,206 76,887 Other 18 2,562 3,572 605 1,259 Total Current Liabilities 909,202 823,273 914,971 827,555 Non-Current Liabilities Interest Bearing Liabilities 16 1,199,710 1,081,785 1,199,710 1,081,785 Deferred Tax Liabilities 5 148,366 136,659 148,366 136,659 Provisions 17 107,301 96,761 107,301 96,761 Other 18 4,463 3,475 4,463 3,475 Total Non-Current Liabilities 1,459,840 1,318,680 1,459,840 1,318,680 TOTAL LIABILITIES 2,369,042 2,141,953 2,374,811 2,146,235 NET ASSETS 819,032 723,755 832,775 739,181 Equity Contributed Equity 1(a), 19 95,563 95,563 95,563 95,563 Reserves 19 361,863 347,205 361,863 347,205 Retained Profits 19 361,606 280,987 375,349 296,413 Total Parent Entity Interest 819,032 723,755 832,775 739,181 TOTAL EQUITY 819,032 723,755 832,775 739,181 The accompanying notes form part of this Statement of Financial Position. COUNTRY ENERGY ANNUAL REPORT 2004–2005