FINANCIAL REPORTS
BALANCE SHEETS
AS AT 30 JUNE 2009
Consolidated Parent entity
Notes 2009
$’000
2008
$’000
2009
$’000
2008
$’000
Current assets
Cash and cash equivalents 7 84,845 99,214 27,268 31,004
Receivables 8 35,816 36,457 17,752 8,419
Non-current assets classified as held for sale 9 98,054 – 20,800 –
Derivative financial instruments 11 205,491 191,162 97,805 70,059
Current tax assets 1,423 124 – –
Other 12 13,618 9,372 2,731 1,307
Total current assets 439,247 336,329 166,356 110,789
Non-current assets
Investment properties 13 7,120,710 8,182,295 1,397,596 1,589,089
Property, plant and equipment 14 438,620 443,633 129,718 62,644
Investments accounted for using the equity method 16 84,165 111,946 – –
Investments in associates 16 – – 138,276 314,989
Loans with related parties 10 – – 408,583 119,533
Deferred tax assets 17 49,136 14,882 – –
Intangible assets 18 213,267 255,113 – –
Other 19 5,965 4,789 895 566
Total non-current assets 7,911,863 9,012,658 2,075,068 2,086,821
Total assets 8,351,110 9,348,987 2,241,424 2,197,610
Current liabilities
Payables 20 98,410 118,396 19,503 13,968
Interest bearing liabilities 21 381,673 577,780 – –
Loans with related parties 10 – – 34,332 34,332
Current tax liabilities 1,051 1,019 – –
Provisions 22 177,618 194,314 90,389 102,300
Derivative financial instruments 11 386,224 97,078 149,545 43,429
Other 23 281 1,799 – –
Total current liabilities 1,045,257 990,386 293,769 194,029
Non-current liabilities
Interest bearing liabilities 21 2,127,339 2,429,139 – –
Deferred tax liabilities 24 9,975 76,543 – –
Provisions 22 13,533 9,818 – –
Other 25 8,789 8,048 877 959
Total non-current liabilities 2,159,636 2,523,548 877 959
Total liabilities 3,204,893 3,513,934 294,646 194,988
Net assets 5,146,217 5,835,053 1,946,778 2,002,622
Equity
Equity attributable to equity holders of the parent entity
Contributed equity 26 1,741,211 1,297,831 1,741,211 1,297,831
Reserves 27 (59,252) 1,248 – –
Undistributed income 27 264,819 705,510 205,567 704,791
Parent entity security holders’ interest 1,946,778 2,004,589 1,946,778 2,002,622
Equity attributable to equity holders of other stapled entities (minority interest)
Contributed equity 26 2,966,643 2,280,052 – –
Reserves 27 35,820 49,689 – –
Undistributed income 27 (9,796) 1,294,725 – –
Other stapled security holders’ interest 2,992,667 3,624,466 – –
Stapled security holders’ interest 4,939,445 5,629,055 1,946,778 2,002,622
Other minority interest 28 206,772 205,998 – –
Total equity 5,146,217 5,835,053 1,946,778 2,002,622
The above Balance Sheets should be read in conjunction with the accompanying notes.
30 DEXUS PROPERTY GROUP Annual REPORT 2009