Full Version - Essential Energy

Notes to the Financial Statements
for the year ended 30 June 2005
NOTE 5. TAX LIABILITIES
Consolidated
Corporation
2005 2004 2005 2004
$’000 $’000 $’000 $’000
Current
Provision for Income Tax 23,348 46,339 23,348 46,339
Total Current Tax Liabilities 23,348 46,339 23,348 46,339
Non-Current
Deferred Income Tax liability 148,366 136,659 148,366 136,659
Total Non-Current Tax Liabilities 148,366 136,659 148,366 136,659
NOTE 6. DIVIDENDS
Dividends were paid during the year of $29.764 million ($29.764 million in 2004).
79
A dividend of $18.100 million has been provided for at balance date ($29.971 million in 2004).
NOTE 7. CASH ASSETS
Consolidated
Corporation
2005 2004 2005 2004
$’000 $’000 $’000 $’000
Cash and deposits 91 93 91 83
Investments at Call - TCorp at cost 1,343 11,433 1,343 11,433
Total Cash Assets 1,434 11,526 1,434 11,516
NOTE 8. RECEIVABLES
Consolidated
Corporation
2005 2004 2005 2004
$’000 $’000 $’000 $’000
Current
Trade debtors 113,688 122,225 113,500 122,048
Provision for doubtful debts (3,309) (3,538) (3,309) (3,538)
Trade debtors, net of provision 110,379 118,687 110,191 118,510
Other debtors 101,110 100,805 100,884 100,704
Provision for doubtful debts (589) (399) (589) (399)
Other debtors, net of provision 100,521 100,406 100,295 100,305
Subsidiary debtors - - 8,207 10,315
Total Current Receivables 210,900 219,093 218,693 229,130
Non-Current
Other debtors 163 221 163 221
Over-funded superannuation 38,379 25,161 38,379 25,161
Total Non-Current Receivables 38,542 25,382 38,542 25,382
COUNTRY ENERGY ANNUAL REPORT 2004–2005