RFG Annual Report 2007 - Retail Food Group

06/07
Annual Report
44
12. Other financial assets
Retail Food Group Annual Report
2007
$’000
Consolidated
2006
$’000
2007
$’000
Company
Investments carried at cost:
Non-current
Investments in listed entities (i) 19,471 – 19,471 –
Investments in subsidiaries – – 41,934 41,934
19,471 – 61,405 41,934
Loans carried at amortised cost:
Current
Loans to subsidiaries (ii) – – 7,746 3,767
Loans to other related parties (iii) 21 1,067 – 1,067
Loans to other entities 18 18 – –
Non-current
Loans to other entities 601 – 2,696 2,355
640 1,085 10,422 7,189
Disclosed in the fi nancial statements as:
Current other fi nancial assets 39 1,085 7,746 4,834
Non-current other fi nancial assets 20,072 – 64,101 44,289
20,111 1,085 71,847 49,123
2006
$’000
(i)
(ii)
(iii)
Investments in listed entities relates to the Group’s ownership of Brumby’s Bakeries Holdings Limited shares and acceptances of its offer under a bidders statement as part of the acquisition
of the Brumby’s group. Subsequent to year end, the acquisition was completed.
Receivables from entities within the wholly-owned group include amounts arising under the Group’s tax funding arrangement. The intercompany loan receivable is repayable on demand and
interest is charged on the outstanding balance at market rates.
The Group has provided a joint venture entity (Caffe Coffee Pty Ltd) with a short-term loan at rates comparable to the average commercial rate of interest. Further information about these
loans is contained in note 35.