Consolidated Balance Sheet
As at 31 December 2005
| US$m | Notes | 2005 | 2004* |
|---|---|---|---|
| Assets | |||
| Non-current assets | |||
| Intangible assets | 15 | 1,430.0 | 1,523.9 |
| Property, plant and equipment | 17 | 7,945.1 | 8,128.5 |
| Biological assets | 18 | 13.1 | 32.2 |
| Inventories | 19 | 71.0 | 83.2 |
| Trade and other receivables | 20 | 57.1 | 61.1 |
| Investments in associates | 21 | 43.9 | 48.9 |
| Available-for-sale financial assets | 23 | 2,324.8 | - |
| Derivative financial assets | 24 | 8.9 | - |
| Other financial assets | 25 | 56.3 | 77.2 |
| Pension asset | 37 | 2.6 | 2.7 |
| Prepayments | 15.5 | 15.9 | |
| Deferred tax assets | 12 | 6.7 | 2.0 |
| Other assets | 26 | 141.0 | 73.4 |
| 12,116.0 | 10,049.0 | ||
| Current assets | |||
| Inventories | 19 | 890.7 | 825.9 |
| Trade and other receivables | 20 | 1,138.3 | 794.0 |
| Prepayments | 98.8 | 103.9 | |
| Derivative financial assets | 24 | 16.9 | - |
| Other financial assets | 25 | 34.5 | 53.8 |
| Cash and cash equivalents | 27 | 524.1 | 459.6 |
| 2,703.3 | 2,237.2 | ||
| Total assets | 14,819.3 | 12,286.2 | |
| *As restated for the effect of the transition to IFRS with the exception of IAS 32 and IAS 39 whereby financial instruments and hedges have continued to be accounted for under UK GAAP prior to 1 January 2005 (refer to notes 5, 6 and 7). | |||
| US$m | Notes | 2005 | 2004* |
|---|---|---|---|
| Equity and liabilities | |||
| Capital and reserves - attributable to equity holders of Xstrata plc | |||
| Issued capital | 28 | 316.3 | 315.8 |
| Share premium | 28 | 2,500.1 | 2,481.5 |
| Own shares | 28 | -616.2 | -91.7 |
| Convertible borrowings - equity component | 28, 31 | 119.5 | - |
| Other reserves | 28 | 3,053.5 | 3,490.1 |
| Retained earnings | 28 | 2,191.8 | 622.9 |
| 7,565.0 | 6,818.6 | ||
| Minority interests | 28 | 572.2 | 506.6 |
| Total equity | 8,137.2 | 7,325.2 | |
| Non-current liabilities | |||
| Trade and other payables | 29 | 10.4 | 15.7 |
| Interest-bearing loans and borrowings | 30 | 1,532.8 | 1,232.7 |
| Convertible borrowings | 31 | 858.3 | 590.4 |
| Derivative financial liabilities | 32 | 60.7 | - |
| Provisions | 33 | 457.7 | 480.3 |
| Pension deficit | 37 | 23.7 | 27.7 |
| Deferred tax liabilities | 12 | 1,338.7 | 1,357.7 |
| Other liabilities | 34 | 9.7 | 6.2 |
| 4,292.0 | 3,710.7 | ||
| Current liabilities | |||
| Trade and other payables | 29 | 945.8 | 788.8 |
| Interest-bearing loans and borrowings | 30 | 744.1 | 108.5 |
| Derivative financial liabilities | 32 | 232.9 | - |
| Provisions | 33 | 113.7 | 94.7 |
| Income taxes payable | 342.6 | 238.7 | |
| Other liabilities | 34 | 11.0 | 19.6 |
| 2,390.1 | 1,250.3 | ||
| Total liabilities | 6,682.1 | 4,961.0 | |
| Total equity and liabilities | 14819.3 | 12286.2 | |
| *As restated for the effect of the transition to IFRS with the exception of IAS 32 and IAS 39 whereby financial instruments and hedges have continued to be accounted for under UK GAAP prior to 1 January 2005 (refer to notes 5, 6 and 7). | |||
The financial statements on pages 4 to 120 were approved by the Board of Directors on 10 March 2006 and signed on its behalf by:
Trevor Reid
Chief Financial Officer