How is net debt calculated?

46 Balance Sheets 47 As at 31 March 2019 2020 2021 48 49 50 51 52 53 54 55 56 $000 Assets Current assets Cash and cash equivalents Short-term deposits Trade and other receivables Income tax receivable Derivative assets Other current assets Total current assets 121,527 336,819 49,466 108,027 428,052 55,877 657,849 452,814 86,397 762 861 5,622 1,204,305 77,328 1,478 586,618 124,698 1,856 718,510 57 58 59 60 61 62 109,358 Non-current assets Property, plant & equipment Intangible assets Deferred tax assets Derivatives assets Other non-current assets Total non-current assets 63 91,491 289,731 1,613 627 238 86,638 342,246 3,751 484,017 103,267 122,8131 268 64 65 66 383,700 970,318 2,543 435,178 1,153,688 819,723 2,024,028 67 Total assets 68 69 70 71 72 73 Liabilities Current liabilities Trade and other payables Employee entitlements Lease liabilities Income tax payable Derivative liabilities Other current libilities Total current liabilities 27,043 37,830 11,541 1,958 147 42,954 39,893 11,755 2,679 3,157 15,694 74 44,751 78,007 10,580 1,046 6,221 28,219 168,824 75 76 26,560 105,079 116,132 77 78 79 80 81 357,731 77,367 71,308 82 Non-current liabilities Term debt Derivative liabilities Lease liabilities Contingent consideration Deferred tax liabilities Other non-current liabilities Total non-current liabilities 424,587 121,972 60,871 2,840 1,114 3,806 615,190 854,0781 120,861 83,950 35,907 6,300 83 84 85 86 87 88 89 1,789 3,735 511,930 8,162 1,109,258 Equity Total equity 353,309 422,366 745,946 90 91 Total equity and liabilities 970,318 1,153,688 2,024,028 92 93 Net Debt