REA Group Ltd Annual Report 2021

REA Group Ltd | Annual Report 2021 Notes 2021 $’000 2020 $’000 ASSETS Current assets Cash and cash equivalents 8 168,869 222,845 Trade and other receivables 14 147,886 99,391 Contract assets 14 – 5,552 Commission contract assets 11 148,692 45,356 Assets of disposal group held for sale 20 221,565 – Total current assets 687,012 373,144 Non-current assets Property, plant and equipment 23 89,369 101,577 Intangible assets 6 836,444 650,365 Deferred tax assets 7 13,911 11,086 Other non-current assets 14 5,013 1,585 Investment in associates and joint ventures 21 309,195 304,910 Commission contract assets 11 431,342 147,856 Total non-current assets 1,685,274 1,217,379 Total assets 2,372,286 1,590,523 LIABILITIES Current liabilities Trade and other payables 15 95,673 78,478 Current tax liabilities 15,079 58,600 Provisions 13,794 7,870 Contract liabilities 75,843 60,755 Interest bearing loans and borrowings 9 8,822 76,470 Commission liabilities 11 113,899 35,603 Liabilities of disposal group held for sale 20 28,458 – Total current liabilities 351,568 317,776 Non-current liabilities Contract liabilities – 739 Other non-current payables 7,552 – Deferred tax liabilities 7 55,126 36,335 Provisions 7,048 4,605 Interest bearing loans and borrowings 9 486,781 250,682 Commission liabilities 11 324,990 115,893 Total non-current liabilities 881,497 408,254 Total liabilities 1,233,065 726,030 Net assets 1,139,221 864,493 Consolidated Statement of Financial Position as at 30 June 2021 64 Financial Statements