SOUTHERN CROSS EXPLORATION N L
AND CONTROLLED ENTITIES
SIMPLIFIED BALANCE SHEET
AS AT 31 DECEMBER 2010
$
WHAT SHAREHOLDERS OWN (Assets)
Financial Assets and Receivables 8,669,600
Exploration and Evaluation Assets 797,937
Investment in Joint Venture 8,574,542
TOTAL ASSETS 18,042,079
WHAT THE COMPANY OWES (Liabilities)
TOTAL LIABILITIES 3,649,024
NET ASSETS 14,393,055
Share Capital, Reserves
and Accumulated Losses 14,393,055
TOTAL EQUITY 14,393,055
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