NOTES  | 
        2007  | 
        2006  | 
        |
$000  | 
        $000  | 
        ||
ASSETS  | 
            
  | 
            
  | 
            
  | 
          
Cash and cash equivalents  | 
            52,182  | 
            1,146  | 
          |
Restricted cash and cash equivalents  | 
            638  | 
            694  | 
          |
Inventories  | 
            10,263  | 
            7,646  | 
          |
Receivables  | 
            14,270  | 
            12,584  | 
          |
Total Current Assets  | 
            
  | 
            77,353  | 
            22,070  | 
          
  | 
            
  | 
            
  | 
            
  | 
          
Non-Current Assets  | 
            
  | 
            
  | 
            
  | 
          
Amounts receivable for services  | 
            311,338  | 
            224,040  | 
          |
Infrastructure, property, plant, equipment and vehicles  | 
            3,313,331  | 
            2,847,108  | 
          |
Intangible assets  | 
            438  | 
            735  | 
          |
Total Non-Current Assets  | 
            
  | 
            3,625,107  | 
            3,071,883  | 
          
  | 
            
  | 
            
  | 
            
  | 
          
TOTAL ASSETS  | 
            
  | 
            3,702,460  | 
            3,093,953  | 
          
  | 
            
  | 
            
  | 
            
  | 
          
LIABILITIES  | 
            
  | 
            
  | 
            
  | 
          
Current Liabilities  | 
            
  | 
            
  | 
            
  | 
          
Payables  | 
            64,652  | 
            98,877  | 
          |
Borrowings  | 
            222,823  | 
            1,122,678  | 
          |
Provisions  | 
            21,880  | 
            17,389  | 
          |
Other current liabilities  | 
            727  | 
            753  | 
          |
Derivatives  | 
            1,294  | 
            996  | 
          |
Deferred income operating lease  | 
            5,466  | 
            5,466  | 
          |
Total Current Liabilities  | 
            
  | 
            316,842  | 
            1,246,159  | 
          
  | 
            
  | 
            
  | 
            
  | 
          
Non-Current Liabilities  | 
            
  | 
            
  | 
            
  | 
          
Borrowings  | 
            635,343  | 
            598,794  | 
          |
Provisions  | 
            4,781  | 
            4,139  | 
          |
Deferred income operating lease  | 
            231,118  | 
            236,584  | 
          |
Total Non-Current Liabilities  | 
            
  | 
            871,242  | 
            839,517  | 
          
  | 
            
  | 
            
  | 
            
  | 
          
Total Liabilities  | 
            
  | 
            1,188,084  | 
            2,085,676  | 
          
  | 
            
  | 
            
  | 
            
  | 
          
NET ASSETS  | 
            
  | 
            2,514,376  | 
            1,008,277  | 
          
  | 
            
  | 
            
  | 
            
  | 
          
EQUITY  | 
            
  | 
            
  | 
            
  | 
          
Contributed equity  | 
            2,168,892  | 
            939,871  | 
          |
Reserves  | 
            263,029  | 
            26,913  | 
          |
Accumulated surplus  | 
            82,455  | 
            41,493  | 
          |
TOTAL EQUITY  | 
            
  | 
            2,514,376  | 
            1,008,277  | 
          
The Balance Sheet should be read in conjunction with the accompanying notes.



