HDMI to COMPONENT and OPTICAL audio ?

[H2O]

Currently all my equipment is connected to a RECEIVER and from there I transmit the VIDEO/AUDIO signals to the TV and the SURROUND. My RECEIVER can only handle COMPONENT and COMPOSITE video, and OPTICAL and COAXIAL digital audio.
I want to connect a PS3, but I have only two options: A direct HDMI from the PS3 to the TV and a toslink for the digital audio to the RECEIVER
or.....
A PS3 HDMI to component cable that I can conect to RECEIVER. The problem is that SONY only makes one that includes regular analog audio plugs. For this, I will have to leave the L/R plugs out and conect an additional Toslink for digital audio.
I see that monster have a cable that has component AND toslink, but is too expensive.
Any other alternative you might have?