Portland District Health Annual Report 2008 - South West Alliance of ...

Notes To and Forming Part of the Financial Statements for the Year Ended 30 June 2008
Note 10: Investments Accounted for Using the Equity Method
Name of Entity
Principal Activity
Ownership Interest
2008 2007
%
%
South West Alliance of Rural Health Information Technology 8.28% 10.65%
of
of
Operating Operating
Result Result
Portland District Health has a joint venture interest in the South Western Alliance
of Rural Health (SWARH) whose principal activity is the implementing and processing of an
information technology system and an associated telecommunication service suitable for
use by each member hospital.
Portland District Health's interest in the above jointly controlled operations and assets
is detailed below.
2008 2007
$'000
$'000
Current Assets 68 84
Non Current Assets 59 280
Share of Total Assets 127 364
Current Liabilities 74 222
Non Current Liabilities 1 -
Share of Total Liabilities 75 222
Net Share of Joint Venture 52 142
Share of Current Year Profit / (Loss) (33) (82)
Capital Commitment - 19
Operating Lease Commitment 5 15
Operating Contract Commitments 170 253
30