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2009

2008

$’000

$’000

964

761

(240)

699

203

1,423

964

6,966

9,682

8,766

10,113

15,732

19,795

1,499

10,156

1,499

10,156

14,233

9,639

1,423

964

22,727

9,176

6,994

2,031

699

203

Notes to the Financial Statements

For the year ended 30 June 2009

  • 17.

    INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD (continued)

    • (a)

      Investment in Associate (continued)

Consolidated

Movements in carrying amount At the beginning of the year Distribution from Associate Share of net profit

At the end of the year

Extract from Associate’s Balance Sheet Current assets Non-current assets

Total assets

Current liabilities Non-current liabilities

Total liabilities

Net assets

Share of Associate’s net assets

Extract from Associate’s Income Statement Revenues Net profit

Share of profit of Associate

Impairment The Consolidated Entity’s investment in the Associate was not impaired at any time during the year.

Share of Associate’s commitments and contingent liabilities

The Associate’s commitments and contingent liabilities have been entered into on a non-recourse basis and therefore the Consolidated Entity has no exposure to the Associate’s commitments and contingent liabilities as at the date of this Report.

The share of contingent liabilities in respect to certain performance guarantees granted by the Associate in the normal course of business to unrelated parties, at 30 June 2009, amounted to $158,672 (2008: $108,592).

54 AVJennings Limited ABN 44 004 327 771

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