Australia Post Annual Report 2008–09

9 Non-current assets – trade and other receivables (1)
Loans to controlled and jointly controlled entities (see note 28)
Provision for impairment of loans to controlled entities
Finance lease receivable (see note 30 (ii))
Other receivables
2009
$m
130.7
0.0
Consolidated Corporation
2008
$m
130.3
0.0
2009
$m
147.5
(16.6)
2008
$m
146.0
0.0
130.7 130.3 130.9 146.0
Total non-current assets 228.6 228.8 228.8 244.0
(1) There are no non-current trade and other receivables that are past due (2008: $0.6 million of the corporation’s loans to controlled entities were past due by four months but not
impaired). There are no non-current trade and other receivables whose terms have been renegotiated that would otherwise be past due (2008: $16.1 million of the corporation’s
loans to controlled entities had terms that were renegotiated that would otherwise be past due. The terms of loans agreements with controlled entities are reviewed and updated
prior to expiry or on an as-needs basis to ensure they are appropriate in light of the current financial position of the controlled entity).
10 Investments in controlled entities
Sprintpak Pty Ltd
Postcorp Developments Pty Ltd
Geospend Pty Ltd
corProcure Pty Ltd
Post Fulfilment Online Pty Ltd
SnapX Pty Ltd
Decipha Pty Ltd
AP International Holdings Pty Ltd
PostLogistics Pte Ltd
Australia Post Transaction Services Pty Ltd
Post Logistics Australasia Pty Ltd
Lakewood Logistics Pty Ltd
Chainlink Computer Systems Pty Ltd
Printsoft Holdings Pty Ltd
Printsoft Development Pty Ltd
Printsoft Products Pty Ltd
Printsoft Americas, Inc
Prinsoft Systems Ltd
PrintSoft Solutions Ltd
Program Products Services Ltd
Printsoft SAS
Printsoft Systems GmbH
Printsoft Slovenska Republika S.R.O
Printsoft Ceska Republika S.R.O
Printsoft Italia SRL
Note
(1)
(1)
(1)
(1)
(1)
(1)(6)
(2)
(1)
(3)
(1)
(2)(4)
(1)
(1)
(2)(5)
(2)
(1)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
Country of
incorporation
Australia
Australia
Australia
Australia
Australia
Australia
Australia
Australia
Hong Kong
Australia
Australia
Australia
Australia
Australia
Australia
Australia
USA
UK
UK
UK
France
Germany
Slovak Republic
Czech Republic
Italy
97.0
0.9
97.0
1.5
Australian Postal Corporation
investment amount
2009
$m
1.0
0.1
1.2
0.1
–
0.7
2.4
4.0
–
–
20.0
–
–
13.8
–
–
–
–
–
–
–
–
–
–
–
Investments in controlled entities 43.3 80.6
2008
$m
97.0
0.9
2009
%
97.0
1.0
% of equity held by
immediate parent
(1) These entities are incorporated in Australia and are small proprietary companies that have not been subjected to a statutory audit as they are not required to prepare and lodge
audited financial statements with the Australian Securities and Investments Commission (ASIC).
(2) These entities are incorporated in Australia and are large proprietary companies required to lodge audited financial statements with ASIC.
(3) These entities are not audited by the Australian National Audit Office.
(4) During the year, the corporation raised a provision of $33.1 million against its initial investment and invested a further $20.0 million.
(5) During the year, the corporation provided $16.3 million against its investment.
(6) During the year, the corporation transferred $7.9 million of its investment to goodwill, in line with the transfer of the underlying business from the legal entity to the corporation.
1.0
0.1
1.2
0.1
–
8.6
2.4
4.0
–
–
33.1
–
–
30.1
–
–
–
–
–
–
–
–
–
–
–
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
0.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
68.0
72.0
100.0
2008
%
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
75.0
60.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
68.0
72.0
100.0
Australia Post Annual Report 2008–09 | Financial and statutory reports 77