CAIRN ENERGY PLC
ANNUAL REPORT & ACCOUNTS 2010

Balance Sheets As at 31 December 2010

Notes Group
2010
$m
Group
(restated)
2009
$m
Company
2010
$m
Company
(restated)
2009
$m
Non-current assets  
Intangible exploration/appraisal assets 13 262.8 376.2 - -
Property, plant & equipment –
development/producing assets
14 - 1,828.6 - -
Property, plant & equipment – other 15 1.1 6.9 0.2 0.3
Intangible assets – other 16 64.9 72.9 - -
Investments 17 - - 918.4 650.0
328.8 2,284.6 918.6 650.3
Current assets  
Inventory 18 - 10.7 - -
Trade and other receivables 19 39.4 346.6 93.3 247.7
Bank deposits 20 - 13.2 - -
Cash and cash equivalents 20 187.0 1,176.5 45.6 158.4
Income tax assets - 8.1 - -
226.4 1,555.1 138.9 406.1
Assets held-for-sale 3 4,725.6 10.1 - -
Total assets 5,280.8 3,849.8 1,057.5 1,056.4
Current liabilities  
Trade and other payables 21 77.0 348.5 82.4 253.9
Obligations under finance leases 23 - 1.5 - -
Provisions 25 2.8 38.9 - -
Income tax liabilities 0.1 6.1 - -
79.9 395.0 82.4 253.9
Non-current liabilities  
Loans and borrowings 20,24 - 666.1 - -
Obligations under finance leases 23 - 2.0 - -
Provisions 25 - 30.2 - -
Deferred tax liabilities 22 - 79.5 - -
- 777.8 - -
Liabilities related to disposal units held-for-sale 3 1,362.5 - - -
Total liabilities 1,442.4 1,172.8 82.4 253.9
Net assets 3,838.4 2,677.0 975.1 802.5
Equity attributable to equity holders of the parent  
Called-up share capital 26 16.7 16.6 16.7 16.6
Share premium 26 484.7 473.5 484.7 473.5
Shares held by ESOP Trust (8.2) (27.2) (8.2) (27.2)
Shares held by SIP Trust (0.8) - (0.8) -
Foreign currency translation (39.5) (38.8) (91.7) (66.1)
Capital reserves - non-distributable 40.2 40.2 0.1 0.1
Retained earnings 2,317.6 1,488.8 574.3 405.6
2,810.7 1,953.1 975.1 802.5
Non-controlling interests 1,027.7 723.9 - -
Total equity 3,838.4 2,677.0 975.1 802.5
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