Spark Infrastructure - Balance Sheet

Annual Report

BALANCE SHEET
AS AT 31 DECEMBER 2008
CONSOLIDATED COMPANY
2008 2007 2008 2007
Notes $’000 $’000 $’000 $’000
Current Assets
Cash and cash equivalents 27 (a) 53,343 61,853 – –
Receivables from associates 4 13,367 15,422 – –
Loans – other 5 – 23,769 – –
Other financial assets 9 – 2,957 – –
Other 6 783 1,287 73 –
Total Current Assets 67,493 105,288 73 –
Non-Current Assets
Investments in associates:
— Investments accounted for using the equity method 7 1,265,057 1,458,811 – –
— Loans to associates 8 792,698 842,973 – –
Deferred tax assets 3 11,278 – 7,790 3,153
Other financial assets 9 – 9,509 186,213 186,213
Total Non-Current Assets 2,069,033 2,311,293 194,003 189,366
Total Assets 2,136,526 2,416,581 194,076 189,366
Current Liabilities
Payables 10 4,148 5,415 12,730 7,352
Loan notes interest payable to Stapled Security Holders 68,975 68,963 – –
Interest bearing liabilities 11 – 199,789 – –
Total Current Liabilities 73,123 274,167 12,730 7,352
Non-Current Liabilities
Loan notes attributable to Stapled Security Holders 12 1,231,515 1,231,515 – –
Interest bearing liabilities 13 423,623 224,221 – –
Deferred tax liabilities 3 – 23,215 – –
Other financial liabilities 14 17,596 – – –
Total Non-Current Liabilities 1,672,734 1,478,951 – –
Total Liabilities 1,745,857 1,753,118 12,730 7,352
Net Assets 390,669 663,463 181,346 182,014
Equity
Issued capital attributable to Stapled Security Holders
— Equity holders of the parent entity 182,983 182,983 182,983 182,983
— Minority interests – issued capital of other entities in
Spark Infrastructure 271,133 323,179 – –
Issued Capital Attributable to Stapled Security Holders 15 454,116 506,162 182,983 182,983
Reserves 16 (70,868) 46,416 – –
Retained earnings/(accumulated losses) attributable to:
— Equity holders of the parent entity 17 15,148 30,823 (1,637) (969)
— Minority interests 17 (7,727) 80,062 – –
Total Equity 390,669 663,463 181,346 182,014
Attributable to Stapled Security Holders as:
— Equity Holders of the Parent Entity 162,624 243,110 181,346 182,014
— Minority Interests in Other Spark Infrastructure Entities 228,045 420,353 – –
Total Equity 390,669 663,463 181,346 182,014
— Loan notes attributable to Security Holders 1,231,515 1,231,515 – –
Total Equity and Loan Notes 1,622,184 1,894,978 181,346 182,014
Notes to the Financial Statements are included on pages 23 to 41.

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