2009-10 Annual Report - Australia Post

notes to And ForminG PArt oF the FinAnCiAl rePort For the year ended 30 June 2010
66
AustrAliA Post AnnuAl rePort 2009–10 | Financial and statutory reports
2010
$m
consolidated corporation
11 Investments in jointly controlled entities
Carrying amounts of investments
Balance at the beginning of the financial year
298.3 309.7
263.6 263.6
share of profits for the year
14.4 10.8
–
–
actuarial loss
(2.0) (6.8)
–
–
impairment of investment
(1.7)
–
–
–
share of hedging reserve
0.8 (0.3)
–
–
dividends received/receivable
(14.2) (15.1)
–
–
Balance at the end of the financial year 295.6 298.3 263.6 263.6
name
principal activity
country of
incorporation
2009
$m
Balance
date
2010
$m
2010
%
2009
$m
ownership interest
australian air express pty ltd – ordinary shares express air freight australia 30 June 50.0 50.0
iprint corporate pty ltd – ordinary shares printing services australia 30 June 50.0 50.0
star track express holdings pty ltd – ordinary shares express freight australia 30 June 50.0 50.0
sai cheng logistics international company limited –
ordinary shares (1)
2009
%
international 4pl
logistics services china 31 dec 49.0 49.0
Multi Media logistics pty ltd – ordinary shares (2) logistics services australia 30 June 50.0 50.0
Wetherill park partnership Warehousing facilities australia 30 June 50.0 50.0
(1) this investment is held by the corporation’s 100% owned subsidiary ap international holdings pty ltd.
(2) this investment is held by the corporation’s 100% owned subsidiary post logistics australasia pty ltd and was sold on 1 July 2010.