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Notes to the Financial Statements

For the year ended 30 June 2009

2009 $’000

2008 $’000

274,699

248,528

(1,254) (16,945) (18,199)

(4,938) 8,565 3,627

3,332 21 20,300 (5,332)

29,297

(6,753)

122

26,171

274,821

274,699

  • 19.

    CONTROLLED ENTITIES (continued)

    • (d)

      Class order closed group (continued)

The Statement of Changes in Equity for those controlled entities which are party to the deed is as follows:

Statement of Changes in Equity

Closed Group

At beginning of the year

Net income recognised directly in equity Changes in equity due to members entering/exiting the closed group (Loss)/profit for the year Total income and expenses for the year Equity transactions

  • Ordinary share capital raised

  • Share based payment reserve

  • Dividends received from non closed group member

  • Dividends paid to equity holders of parent

At end of the year

20. INTEREST IN JOINT VENTURE OPERATIONS A number of controlled entities have entered into joint venture operations. Information relating to the Joint Ventures is set out below:

2009

2008

Joint Venture name and principal activities Regatta Waters / ParkLake Joint Venture – Land Development Springbank Waters Joint Venture – Land Development Cammeray Joint Venture – Apartments Development Cheltenham Joint Venture – Land Development

50% 50% 50% 50%

50% 50% 50% 50%

INTEREST HELD IN OUTPUT

60 AVJennings Limited ABN 44 004 327 771

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