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Extract from Balance Sheets of Joint Venture Partnerships Current assets Non-current assets

32,635 131,887

25,361 127,147

Total assets

164,522

152,508

Current liabilities Non-current liabilities

39,183 48,143

39,965 49,004

Total liabilities

87,326

88,969

Net assets

77,196

63,539

Share of net assets of Joint Venture Partnerships

38,598

31,769

Extract from Income Statements of Joint Venture Partnerships Revenues Net profit / (loss)

15,790 1,292

(154)

Share of profit / (loss) of Joint Venture Partnerships

646

(77)

Notes to the Financial Statements

For the year ended 30 June 2009

AVJennings Limited ABN 44 004 327 771 55

2009 $’000

2008 $’000

31,769 6,183 646

31,846 (77)

38,598

31,769

  • 17.

    INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD (continued)

    • (b)

      Investment in Joint Venture Partnerships

2009

Consolidated Interest held

2008

50% 50% 50% 50%

50% 50% 50% 50%

Movements in carrying amount At the beginning of the year Investment in Joint Venture Partnership Share of net profit / (loss)

At the end of the year

Consolidated

Investment details

Joint Venture name and principal activities Meridan Plains – Land Development and Building Construction Eastwood – Land Development and Building Construction Sydney Olympic Park – Commercial Development and Construction Woodville – Land Development and Building Construction

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