Annual Report 10/11 - Campus Living Villages
Annual Report 10/11 - Campus Living Villages
Annual Report 10/11 - Campus Living Villages
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 30 JUNE 20<strong>11</strong><br />
A$’000<br />
<strong>Campus</strong> <strong>Living</strong> <strong>Villages</strong> <strong>Annual</strong> <strong>Report</strong> <strong>10</strong>/<strong>11</strong><br />
<strong>Campus</strong> <strong>Living</strong> Overseas Trust<br />
29. Subsidiaries<br />
COUNTRY INCORPORATED PERCENTAGE OWNERSHIP (%)<br />
20<strong>11</strong> 20<strong>10</strong><br />
Subsidiaries of CLOT<br />
CCHM Management Holdings Corp USA <strong>10</strong>0 <strong>10</strong>0<br />
<strong>Campus</strong> <strong>Living</strong> Accommodation Company (USA) Pty Limited Australia <strong>10</strong>0 <strong>10</strong>0<br />
CLV UK Accommodation Holdings Pty Limited Australia <strong>10</strong>0 <strong>10</strong>0<br />
<strong>Campus</strong> <strong>Living</strong> <strong>Villages</strong> Salford Pty Limited Australia <strong>10</strong>0 <strong>10</strong>0<br />
<strong>Campus</strong> <strong>Living</strong> <strong>Villages</strong> Bedfordshire Pty Limited Australia <strong>10</strong>0 <strong>10</strong>0<br />
<strong>Campus</strong> <strong>Living</strong> <strong>Villages</strong> NZ Limited New Zealand <strong>10</strong>0 <strong>10</strong>0<br />
<strong>Campus</strong> <strong>Living</strong> <strong>Villages</strong> UK Limited UK <strong>10</strong>0 <strong>10</strong>0<br />
<strong>Campus</strong> <strong>Living</strong> <strong>Villages</strong> (Operations) UK Limited UK <strong>10</strong>0 <strong>10</strong>0<br />
<strong>Campus</strong> <strong>Living</strong> <strong>Villages</strong> (Salford) Pty Limited UK <strong>10</strong>0 <strong>10</strong>0<br />
<strong>Campus</strong> <strong>Living</strong> <strong>Villages</strong> (Bedfordshire) Limited UK <strong>10</strong>0 <strong>10</strong>0<br />
30. Events occurring after the balance sheet date<br />
There are no significant events occurring after the balance sheet date.<br />
31. Solvency position<br />
The consolidated entity has a net liability position of $<strong>11</strong>.276m and a net current liability position of $23.474m. The<br />
Directors have satisfied themselves that the consolidated entity will be able to pays its debts as and when they fall due<br />
based on cash flow estimates from underlying assets after servicing external debt service costs and intercompany debt<br />
service, allowing for capitalisation of intercompany interest where required.<br />
148
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