|
|
2006 |
2005 |
| |
|
US$m |
US$m |
|
|
|
|
| 11 |
INVESTMENTS IN ASSOCIATES AND OTHER |
|
|
| 11.1 |
Carrying values |
|
|
|
Investments in associates |
|
|
|
Unlisted |
11,1 |
8,6 |
|
– cost |
3,0 |
3,3 |
|
– share of retained earnings and currency adjustments |
8,1 |
5,3 |
|
Securities |
|
|
|
Unlisted |
|
|
|
– other |
0,5 |
2,5 |
|
Joint ventures (carried at nil value) |
– |
– |
| |
Total carrying
value of investments |
11,6 |
11,1 |
|
|
|
|
| |
(Refer page
108 for details of principal associates) |
|
|
|
|
|
|
| 11.2 |
Valuation |
|
|
|
Investments in unlisted – associates |
11,1 |
8,6 |
|
Securities – unlisted |
0,5 |
2,5 |
| |
Directors’
valuation of investments |
11,6 |
11,1 |
| |
Directors’ valuation
of unlisted investments is based on expected return and
other relevant factors. |
|
|
|
|
|
|
|
|
|
|
| 11.3 |
Joint ventures |
|
|
|
The following sets out the group’s proportionate
share of joint venture assets, liabilities, revenue and
expenses: |
|
|
|
Balance sheet |
|
|
|
Non-current assets |
0,5 |
0,2 |
|
Current assets |
12,7 |
7,6 |
|
Non-current liabilities |
(8,9) |
(6,5) |
|
Current liabilities |
(4,1) |
(1,8) |
| |
Total net
asset value |
0,2 |
(0,5) |
|
|
|
|
|
Income statement |
|
|
|
Revenue |
12,3 |
4,5 |
| |
Expenses |
9,2 |
5,2 |
|
|
|
|
| 11.4 |
Associates |
|
|
|
The following sets out the group’s aggregated
amount of associate assets, liabilities,income and expenses: |
|
|
|
Balance sheet |
|
|
|
Assets |
25,4 |
27,6 |
|
Liabilities |
(8,5) |
(13,3) |
| |
Net asset
value |
16,9 |
14,3 |
|
|
|
|
|
Income statement |
|
|
|
Revenue |
2,9 |
2,6 |
| |
Profit
for the year |
5,1 |
5,0 |
|
|
|
|
|
