Balance Sheet

as at 31 December 2002

Total current assets	127,217	157,473
	Consolidated ($,000)
	2002	2001
Current Assets
Cash assets	24,765	13,303
Receivables	38,524	84,243
Inventories	5,638	3,582
Other	49,057	56,345

Non-current assets
Receivables	42,199	172,283
Investments accounted for using the equity method	182,253	170,696
Other financial assets	100	1,000
Property, plant and equipment	1,251,744	1,308,640
Deferred tax assets	34,810	43,220
Intangible assets	359,385	361,255
Other	4,286	5,219
Total non-current assets	1,874,744	2,062,313

Total assets	2,001,944	2,219,786

Current liabilities
Payables	80,276	96,240
Interest bearing liabilities	195,453	244,197
Current tax liabilities	-	1,957
Provisions	56,247	56,700
Other	1,247	8,586
Total current liabilities	333,223	407,680

Non-current liabilities
Interest bearing liabilities	600,537	745,453
Deferred tax liabilities	154,305	149,549
Provisions	6,145	3,548
Other	4,450	-
Total non-current liabilities	765,437	898,550

Total liabilities	1,098,660	1,306,230

Net assets	903,334	913,556

Equity
Parent entity interest Contributed equity	644,952	644,501
Retained profits	220,226	229,056
Total parent entity interest	865,178	873,557
Outside equity interest in controlled entities	38,156	39,999
Total equity	903,334	913,556

The above Statement of Financial Position should be read in conjunction with the accompanying notes.