NOTES TO THE FINANCIAL STATEMENTS CONTINUED
The Group
2007
$’000
2006
$’000
NOTE 35 — INVESTMENTS IN ASSOCIATES (CONTINUED)
Summarised financial information relating to associates
The Group’s share of aggregate assets, liabilities, revenues and net
profit of associates is as follows:
Revenues — as reported by associates 264,595 260,492
Net profit — equity adjusted 26,336 25,659
Current assets
Non-current assets
163,168
68,734
146,331
59,339
Total assets 231,902 205,670
Current liabilities
Non-current liabilities
125,406
29,606
95,179
45,701
Total liabilities 155,012 140,880
Net assets — as reported by associates
Adjustments arising from equity accounting:
Goodwill
Foreign exchange translation
Other
76,890
12,558
(575)
—
64,790
12,558
(820)
(13)
Net assets — equity adjusted 88,873 76,515
Financial information in respect of significant associates
Share of profit
before tax
Share of income
tax expense
Share of net profit
recognised
$’000 $’000 $’000
2007
Atlab Holdings Pty Limited
MAF Greater Union LLC
Roadshow Distributors Pty Limited
2006
Atlab Holdings Pty Limited
MAF Greater Union LLC
Roadshow Distributors Pty Limited
3,979
6,475
21,678
4,242
4,741
24,348
(1,274)
—
(6,566)
(1,266)
—
(7,464)
2,705
6,475
15,112
2,976
4,741
16,884
There were no impairment losses recognised by an associate during the period.
NOTE 36 — INVESTMENTS IN PARTNERSHIPS
Contribution
Investment Share of to operating
Profit share carrying amount sales revenue profit
2007 2006 2007 2006 2007 2006 2007 2006
Name Principal activities Nature of interest % % $’000 $’000 $’000
$’000 $’000 $’000
Australian Theatres Operator of multiscreen Share of partnership
Joint Venture
Broadway Partnership
cinema complexes
Operator of a multiscreen
assets
Share of partnership
50 50 92,793 102,579 131,278 127,144(d) 14,305(d) 15,308
Browns Plains Multiplex
cinema complex
Operator of a multiscreen
assets
Share of partnership
(e) — (e) — — — — 2,222 — 345
Cinema Partnership
Castle Hill Multiplex
cinema complex
Operator of a multiscreen
assets
Share of partnership
33 33 151 183 1,252 1,171 97 53
Cinema Partnership
Casuarina Cinema
cinema complex
Operator of a multiscreen
assets
Share of partnership
33 33 3,886 4,020 4,836 5,306 790 1,035
Centre Partnership
Garden City Cinema
cinema complex
Operator of a multiscreen
assets
Share of partnership
50 50 4,234 5,564 9,031 8,812 1,620 1,582
Partnership
Geelong Cinema
cinema complex
Operator of a multiscreen
assets
Share of partnership
33 33 3,131 3,367 4,017 3,982 913 776
Partnership
Jam Factory Cinema
cinema complex
Operator of a multiscreen
assets
Share of partnership
(c) 50 (c) 50 (75) (544) 3,283 3,186 245 152
Operations Partnership
Perth Cinecentre
cinema complex
Operator of a multiscreen
assets
Share of partnership
50 50 1,455 2,313 6,852 6,309 (271) (300)
Partnership cinema complex assets (e) — (e) — — — — 593 — (7)
Piccadilly Cinema Owner and operator of Share of partnership
a multiscreen cinema assets
Shellharbour Cinema
complex
Operator of a multiscreen Share of partnership
(f) — (f) 30 — 561 — 561 11 —
Partnership
Southport 6 Cinemas
cinema complex
Operator of a multiscreen
assets
Share of partnership
(b) — (b) 50 — 332 1,242 2,217 135 142
Toowoomba Cinema
cinema complex
Operator of a multiscreen
assets
Share of partnership
(a) 51 (a) 51 1,519 834 2,262 2,310 172 326
Centre Partnership
Village Greater Union
cinema complex
Operator of multiscreen
assets
Share of partnership
50 50 1,362 1,558 3,276 3,288 385 383
Parramatta Partnership cinema complexes assets (e) 50 (e) 50 — (984) — 61 — 61
108,456 119,783 167,329 167,162 18,402 19,856
(a) The partnership is not consolidated as the Group does not have control
and the power to govern financial and operating policies.
(b) Shellharbour Cinema Partnership became wholly owned on 24 January 2007.
(c) Provision for diminution in the value of the investment carrying amount
has been raised against this entity in prior years.
(d) Profit is after the impact of the Group’s share of a provision for
the write-down in the carrying value of specific under-performing cinema sites
amounting to
$2,590,000 (2006: $1,000,000).
(e) The interest in these partnerships was sold during the 2006 year.
(f) The interest in this partnership was sold during the year.
Go to top
 |
To search for a particular word or phrase enter the criteria in the search field and either click on the Search button or simply hit Enter or Return on your keyboard. |
 |
Use this tool to go to any particular page of the annual report by either entering the specific page number and hitting return or by using the forward and back buttons. |
 |
To view the document in either single page view or double page spreads click on the appropriate button. |
 
|
Click Enlarge to make the pages bigger and click Reduce to return to the original size. |
 |
Click to view thumbnails of the entire report. You will then be able to go directly to a specific page in the report. |
 |
Click PDFs to access a complete set of PDF files of the annual report. You will also be able to download a single PDF file of the entire annual report here. |
 |
To print out the annual report pages you are viewing click Print. You can also use your default print function from your keyboard. |
 |
If you would like to email a reference to the page you are viewing to a colleague or friend click Email. The email message will already be setup for you with a link to the page and you can add additional information if you wish. |
|
|
To view the complete sitemap of the Annual Report click the Sitemap button. |
