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Notes to the Financial Statements

For the year ended 30 June 2009

20. INTEREST IN JOINT VENTURE OPERATIONS (continued)

The Consolidated Entity’s interest in the profits and losses of the Joint Venture Operations are included in the Income Statement, in accordance with the accounting policy described in note 2(e), under the following classifications:

Consolidated

2009 $’000

2008 $’000

Income Statement Revenues Cost of sales Other expenses

10,430 (8,976) (288)

14,032 (10,037) (795)

Profit before income tax Income tax expense

1,166 (350)

3,200 (960)

Net profit attributable to members of the parent

816

2,240

The Consolidated Entity’s interest in the assets and liabilities of joint venture operations are included in the Balance Sheet, in accordance with the policy described in note 2(e), under the following classifications:

Consolidated

2009 $’000

2008 $’000

1,077

775

362

97

4,226

55

1,439

5,153

CURRENT ASSETS Cash and cash equivalents Trade and other receivables Inventories Other current assets

Total current assets

9,984 9,984

11,423

5,153

1,605 1,605

94

3,158

11,329

1,995

94

1,553

94

1,553

NON-CURRENT ASSETS Inventories

Total non-current assets Total assets

CURRENT LIABILITIES Trade and other payables

Total current liabilities

NON-CURRENT LIABILITIES Interest bearing loans and borrowings

Total non-current liabilities Total liabilities

Net assets

The Parent Entity has no interests in joint venture operations.

AVJennings Limited ABN 44 004 327 771 61

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