Xstrata Plc - annual report 2007

Consolidated Balance Sheet

As at 31 December 2007

Consolidated Balance Sheet as at 31 December 2007
US$m	Notes	2007	2006*
Assets
Non-current assets
Intangible assets	14, 15	9,382	8,962
Property, plant and equipment	16	33,317	29,498
Biological assets	17	19	15
Inventories	18	17	75
Trade and other receivables	19	85	84
Investments in associates	20	186	179
Available-for-sale financial assets	22	203	170
Derivative financial assets	23	210	57
Other financial assets	24	98	183
Pension asset	34	5	5
Prepayments		30	23
Deferred tax assets	11	7	22
		43,559	39,273
Current assets
Inventories	18	4,167	3,539
Trade and other receivables	19	2,967	2,829
Derivative financial assets	23	89	11
Other financial assets	24	54	2
Prepayments		265	206
Cash and cash equivalents	25	1,148	1,860
		8,690	8,447
Total assets		52,249	47,720
*Restated for the revisions to the Falconbridge, Cerrejon and Tintaya acquisitions in 2006 (refer to note 7)

Consolidated Balance Sheet (continued) as at 31 December 2007
US$m	Notes	2007	2006*
Equity and liabilities
Capital and reserves – attributable to equity holders of Xstrata plc
Issued capital	26	485	471
Share premium	26	9,899	9,522
Own shares	26	(651)	(154)
Convertible borrowings – equity component	26, 29	56	78
Other reserves	26	5,055	4,472
Retained earnings	26	8,984	4,057
		23,828	18,446
Minority interests	26	1,430	1,146
Total equity		25,258	19,592
Non-current liabilities
Trade and other payables	27	54	95
Interest-bearing loans and borrowings	28	11,678	12,946
Convertible borrowings	29	327	525
Derivative financial liabilities	30	206	172
Provisions	31	2,454	2,054
Pension deficit	34	227	216
Deferred tax liabilities	11	6,056	5,463
Other liabilities	32	78	16
		21,080	21,487
Current liabilities
Trade and other payables	27	3,745	3,125
Interest-bearing loans and borrowings	28	1,118	1,990
Derivative financial liabilities	30	205	78
Provisions	31	344	289
Income taxes payable		454	1,118
Other liabilities	32	45	41
		5,911	6,641
Total liabilities		26,991	28,128
Total equity and liabilities		52,249	47,720
*Restated for the revisions to the Falconbridge, Cerrejon and Tintaya acquisitions in 2006 (refer to note 7)

The financial statements on pages 138 to 253 were approved by the Board of Directors on 18 March 2008 and signed on its behalf by:

Trevor Reid
Chief Financial Officer