Consolidated Statement of Financial Position As at 30 June 2021 Consolidated Restated* Restated* 2021 2020 1 July 2019 Note US$’000 US$’000 US$’000 Current assets Cash and cash equivalents 10 133,209 296,420 228,758 Receivables 11 34,162 9,380 1,319 Inventories 12 10,952 – 1,490 Security deposits 13 209 3,775 376 Other assets 14 5,317 1,645 851 Total current assets 183,849 311,220 232,794 Non‑current assets Deferred tax assets 6 36,528 – – Inventories 12 6,536 7,213 22,083 Property, plant and equipment 15 8,260 2,806 556 Intangible assets 16 102 211 376 Exploration and evaluation expenditure carried forward 17 40,853 41,204 59,957 Oil and gas assets 18 736,422 – – Security deposits 13 1,406 1,298 5,268 Other assets 14 – 34,061 – Total non‑current assets 830,107 86,793 88,240 Total assets 1,013,956 398,013 321,034 Current liabilities Trade and other payables 19 76,174 21,899 5,177 Current tax liabilities 8,253 2,721 – Lease liabilities 21 45,393 203 – Provisions 20 457 409 411 Total current liabilities 130,277 25,232 5,588 Non‑current liabilities Trade and other payables 19 4,261 183 383 Other financial liabilities 22 71,161 – – Deferred tax liabilities 6 1,775 11,720 16,148 Lease liabilities 21 267,447 1,313 – Provisions 20 158,785 83 84 Total non‑current liabilities 503,429 13,299 16,615 Total liabilities 633,706 38,531 22,203 Net assets 380,250 359,482 298,831 Equity Contributed equity 23 905,138 905,281 716,502 Accumulated losses (414,365) (418,749) (332,611) Share‑based payments reserve 50,190 47,156 44,802 Foreign currency translation reserve (160,713) (174,206) (129,862) Total equity 380,250 359,482 298,831 * The comparative statements for the year ended 30 June 2020 and opening balance 1 July 2019 have been restated to show the effect of the voluntary change in presentation currency. The above consolidated statement of financial position should be read in conjunction with the accompanying notes. Karoon Energy Ltd 78 Annual Report 2021