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Annual Report 2010 - Christchurch City Council

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p188.<br />

<strong>Annual</strong> <strong>Report</strong><br />

<strong>Christchurch</strong> Otautahi<br />

<strong>2010</strong><br />

Financial statements<br />

Joint venture<br />

Notes to financial statements<br />

21. Joint venture<br />

Parent<br />

Group<br />

30 Jun 10 30 Jun 09 30 Jun 10 30 Jun 09<br />

Actual Actual Actual Actual<br />

Interest in joint venture accounted for as a jointly-controlled operation. $000s $000s $000s $000s<br />

Interest in the jointly-controlled operation is as follows:<br />

Current assets - - 1,287 312<br />

Non-current assets - - 54,717 22,540<br />

Current liabilities - - 2,518 1,281<br />

Revenue - - 3,658 474<br />

Expenses - - 4 151<br />

Civic Building Ltd, (CBL), is in a joint venture partnership with<br />

Ngai Tahu Property Ltd (NTPL)<br />

On 30 June 2009 Tuam 2 Ltd was amalgamated into its parent,<br />

leaving CBL as the JV partner with NTPL.

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