Osim FR 050407.indd

Notes to the Financial Statements - 31 December 2006 (cont’d)12. Associated companies and a joint venturea) These comprise:GroupCompany2006 2005 2006 2005$’000 $’000 $’000 $’000Unquoted equity shares, at cost 146,961 146,961 146,473 146,473Share of post-acquisition profi ts of associatedcompanies and a joint venture 12,363 23,421 – –Dividends received from associated companies (5,577) (4,625) – –153,747 165,757 146,473 146,473Translation reserve (11,874) (76) – –Loans to associated companies 510 356 # 510 356 #Transfer of long term loan to current account (510)^ – (510)^ –Losses on deemed changes in shareholdings in a jointventure (Note 32) (1,135) – – –140,738 166,037 146,473 146,829Analysis of accumulated amortisation of goodwill:At beginning of year – 1,511 – –Reclassifi cation due to an associated companybecoming a subsidiary – (1,511) – –At end of year – – – –# In 2005, loans to associated companies were unsecured and interest free. The loans to associated companies had norepayment terms and were repayable only when the cash fl ows of the associated companies permitted. Accordingly, theloans were classifi ed as non-current assets.^ In 2006, the loans due from associated companies are reclassifi ed to current assets as the loans are expected to berepayable within the next twelve months from the balance sheet date.Notes to the Financial Statements 124Annual Report 2006