Notes to the combined and consolidated financial statements - Mondi

Notes to the combined and
consolidated financial statements continued
for the year ended 31 December 2009
14 Investments in associates (continued)
The Group’s share of the summarised financial information of principal associates, all of which are unlisted, is as follows:
E million 2009 2008
Total non-current assets 1 1
Total current assets 9 10
Total current liabilities (2) (5)
Total non-current liabilities (2) (1)
Share of associates’ net assets 1 6 5
Total revenue 28 29
Total operating costs (25) (26)
Income tax expense (1) (1)
Share of associates’ profit for the financial year 2 2
Note:
1
There are no material contingent liabilities for which the Group is jointly or severally liable at the reporting dates presented.
15 Joint ventures
The Group’s share of the summarised financial information of joint venture entities that are proportionately consolidated in the
Group’s combined and consolidated financial statements is presented as follows:
E million 2009 2008
Total non-current assets 132 125
Total current assets 48 46
Total current liabilities (44) (48)
Total non-current liabilities (54) (50)
Share of joint venture entities’ net assets, proportionately consolidated 82 73
Revenue 143 146
Total operating costs (135) (143)
Net finance costs (2) (3)
Income tax expense (1) (2)
Share of joint venture entities’ profit/(loss) for the financial year 5 (2)
Details of principal joint ventures are set out in note 40.
122 Annual report and accounts 2009 Mondi Group