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55 / 90

4,079 288

5,575 265

4,367

5,840

2009

2008

2009

2008

$’000

$’000

$’000

$’000

15. TAX RECEIVABLE

Income tax refund due

Total other current assets

Notes to the Financial Statements

For the year ended 30 June 2009

Consolidated

  • 1,501

Parent

16. OTHER CURRENT ASSETS

Prepayments Deposits

Note

2009 $’000

2008 $’000

Investment in Associate – unincorporated Interest in Joint Venture Partnerships – unlisted

17(a) 17(b)

1,423 38,598

964 31,769

Total equity accounted investments

40,021

32,733

17. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

Consolidated

The Parent Entity has no interests in equity accounted investments.

Investments in Associates are accounted for in accordance with the policy outlined in note 2(f) while Joint Venture Partnerships are accounted for in accordance with note 2(e).

(a) Investment in Associate

The Consolidated Entity has significant influence over the Associate as it is represented on the project governing body and its employees provide essential technical knowledge to the project. The Associate is an unincorporated entity which trades in Australia. It has a 30 June year-end and its principal activity is the development and sale of residential lots.

2009

2008

10%

10%

Investment details

Associate name and principal activity Epping JV – Land Development

Consolidated

Interest held

AVJennings Limited ABN 44 004 327 771 53

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