NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the period ended 28 July 2018 G2 DEED OF CROSS GUARANTEE (CONTINUED) (b) Consolidated balance sheet Set out below is a consolidated balance sheet as at 28 July 2018 of the closed group: 2018 2017 $'000 $'000 ASSETS Current assets Cash and cash equivalents 40,358 29,507 Trade and other receivables and prepayments 37,491 38,655 Inventories 365,764 369,685 Derivative financial instruments 6,725 - Total current assets 450,338 437,847 Non-current assets Property, plant and equipment 424,076 460,211 Intangible assets 484,706 985,263 Derivative financial instruments 269 - Other non-current assets 3,194 3,560 Total non-current assets 912,245 1,449,034 Total assets 1,362,583 1,886,881 LIABILITIES Current liabilities Trade and other payables 380,812 379,233 Provisions 69,971 87,145 Deferred income 10,294 9,817 Current tax liabilities 4,711 1,992 Derivative financial instruments 64 7,944 Other liabilities 472 591 Total current liabilities 466,324 486,722 Non-current liabilities Borrowings 149,165 143,367 Provisions 11,804 13,772 Deferred income 80,629 75,927 Deferred tax liabilities 62,615 86,016 Derivative financial instruments 64 958 Total non-current liabilities 304,277 320,040 Total liabilities 770,601 806,762 Net assets 591,982 1,080,119 EQUITY Contributed equity 739,021 739,330 Retained earnings/(accumulated losses) (154,708) 347,408 Reserves 7,669 (6,619) Total equity 591,982 1,080,119 78 Myer Annual Report 2018