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Assets and Liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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At the end of 2006, the book value of PotashCorp's assets was $6.2 billion. Most of this was accounted for by property, plants and equipment of $3.5 billion and current assets of $1.3 billion (primarily inventories and accounts receivable). The company's investments in offshore potash companies account for the bulk of other assets.
Total liabilities were $3.4 billion. Current liabilities (short-term debt, accounts payable and accrued charges, and current portion of long-term debt) totaled $1.1 billion of this amount. Other major items were long-term debt of almost $1.4 billion, future income tax liability of $632 million and accrued pension and other post-retirement benefits of $220 million. Book value of shareholders' equity at the end of 2006 was $2.8 billion. The increase from 2005 was mainly the result of an increase in retained earnings due to net income earned. |
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