Brambles 2006 Annual Report - Alle jaarverslagen

116
Brambles
2006 Annual Report
NOTES TO AND FORMING PART OF
THE CONSOLIDATED FINANCIAL STATEMENTS continued
for the year ended 30 June 2006
Note 19.
Equity-accounted investments
a) Joint ventures
Brambles has investments in the following joint ventures, all of which are unlisted jointly controlled entities, are accounted for using
the equity method and have a 30 June balance date.
Name (and nature of business)
Place of
incorporation
% interest held
at reporting date
2006 2005
CISCO – Total Information Management Pte. Limited
(Information management) Singapore 49% 49%
Enviroguard Pty Limited 1
(Waste management) Australia – 50%
Eurotainer SA 1
(Tank container leasing) France – 50%
General de Archivo Y Deposito, SA
(Document management services) Spain 49% 30%
Hsiung Wei Company Limited 1
(Waste management) Taiwan 50% 50%
SA TCR International NV 1
(Airport handling equipment) Belgium – 50%
1
Included as investment within discontinued operations (Note 12).
b) Associates
Cleanaway Germany, which was sold in 2006, had investments in associates, all operating in the waste management business in
Germany, none of which was individually material.
2006
US$m
2005
US$m
c) Movement in carrying amount of investments in joint ventures and associates
At 1 July 126.6 124.7
Acquisitions and advances 4.9 5.9
Share of results after income tax (Note 19d) 14.3 16.8
Dividends received/receivable (16.1) (13.5)
Impairment loss (11.1) –
Disposals and repayments (80.8) (0.2)
Transfer to discontinued operations (Note 12e) (14.4) –
Foreign exchange differences 4.5 2.6
Other movements (4.8) (9.7)
At 30 June 23.1 126.6