Annual Report 2004 73 Consolidated Santos Ltd 2004 2003 2004 2003 23. Interests in Joint Ventures (continued) $million $million $million $million (c) Santos Ltd and its controlled entities’ share of assets and liabilities employed in the  joint ventures are included in the statements of financial position under the  following classifications: Current assets Cash 89.3 72.1 32.2 36.3 Receivables 63.8 26.8 29.3 9.1 Inventories 20.0 27.3 13.5 17.8 Total current assets 173.1 126.2 75.0 63.2 Non-current assets Exploration and development expenditure 2,916.9 2,738.9 858.4 866.6 Land and buildings, plant and equipment 1,971.9 1,684.0 645.9 640.9 Other 1.2 1.2 – – Total non-current assets 4,890.0 4,424.1 1,504.3 1,507.5 Total assets 5,063.1 4,550.3 1,579.3 1,570.7 Current liabilities Payables 237.6 190.5 76.0 60.2 Provisions 3.9 7.6 0.9 1.6 Total current liabilities 241.5 198.1 76.9 61.8 Non-current liabilities Provisions 129.4 113.7 43.8 36.0 Total liabilities 370.9 311.8 120.7 97.8 Net investments in joint ventures 4,692.2 4,238.5 1,458.6 1,472.9 (d) The amount of capital expenditure commitments, minimum exploration commitments  and contingent liabilities in respect of unincorporated joint ventures are: Capital expenditure commitments 266.9 270.9 102.1 84.5 Minimum exploration commitments 172.5 347.3 71.5 107.4 Contingent liabilities 13.4 15.1 6.1 4.8