CONSOLIDATED BALANCE SHEET as at 28 July 2018 2018 2017 Notes $'000 $'000 ASSETS Current assets Cash and cash equivalents D1 41,793 30,591 Trade and other receivables and prepayments B1 26,616 27,602 Inventories B2 366,839 372,374 Derivative financial instruments E2 6,725 - Total current assets 441,973 430,567 Non-current assets Property, plant and equipment C1 424,076 460,211 Intangible assets C2 485,151 985,657 Derivative financial instruments E2 269 - Other non-current assets 1,529 2,094 Total non-current assets 911,025 1,447,962 Total assets 1,352,998 1,878,529 LIABILITIES Current liabilities Trade and other payables B3 381,156 379,740 Provisions C3 70,007 87,295 Deferred income C4 10,294 9,817 Derivative financial instruments E2 64 7,944 Current tax liabilities 4,321 1,627 Other liabilities 472 591 Total current liabilities 466,314 487,014 Non-current liabilities Borrowings D3 149,165 143,367 Provisions C3 11,856 13,821 Deferred income C4 80,629 75,927 Deferred tax liabilities A4 60,981 84,574 Derivative financial instruments E2 64 958 Total non-current liabilities 302,695 318,647 Total liabilities 769,009 805,661 Net assets 583,989 1,072,868 EQUITY Contributed equity F1 739,020 739,329 Retained earnings/(accumulated losses) F2 (160,282) 342,146 Reserves F2 5,251 (8,607) Total equity 583,989 1,072,868 The above consolidated balance sheet should be read in conjunction with the accompanying notes. Myer Annual Report 2018 51