Notes to the Financial Statements 30 June 2008 - Abterra
Notes to the Financial Statements 30 June 2008 - Abterra
Notes to the Financial Statements 30 June 2008 - Abterra
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<strong>Notes</strong> <strong>to</strong> <strong>the</strong> <strong>Financial</strong> <strong>Statements</strong><strong>30</strong> <strong>June</strong> <strong>2008</strong>19. INVESTMENT IN AN ASSOCIATED COMPANYGroupCompany<strong>2008</strong> 2007 <strong>2008</strong> 2007$’000 $’000 $’000 $’000Equity investments at cost 20,423 -Acquisition during <strong>the</strong> year 20,769 -Pre-acquisition dividend income (346) -Share of profits 181 -At end of year 20,604 -The summarised financial information of <strong>the</strong> associated company are as follows:$’000- Assets 5,332- Liabilities 1,656- Revenue 1,024- Net profit 402Details of <strong>the</strong> associated company are provided in Note 37.20. FINANCIAL ASSETS, AVAILABLE FOR SALEGroup and Company<strong>2008</strong> 2007$’000 $’000Additions and at <strong>the</strong> end of <strong>the</strong> year, at cost 12,345 -The financial assets, available for sale represent cost of investment in 15% equity stake in an unlistedcompany, Zuoquan Yongxing Coal Co., Ltd, a company in <strong>the</strong> coal mining and coking coal processingbusiness.84ABTERRAAnnual Report <strong>2008</strong>
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