Financial Report 2008 - Leighton Holdings

Notes to the Financial Statements continuedfor the year ended 30 June 200828. ACQUISITIONS AND DISPOSALS OF CONTROLLED ENTITIES AND BUSINESSES CONTINUEDDisposalsDisposals of controlled entities and businesses had the following effect on the Group’s assets and liabilities:ConsolidatedCompanyNote2008$’0002007$’0002008$’0002007$’000Consideration receivedCash consideration 36,371 -Non cash consideration* 35 198,819 -Carrying amount on disposal (24,469) -Profit on disposal 210,721 - - -Carrying value of net assets of entities and businessesdisposedCash and cash equivalents 1,020 -Receivables 123,149 -Deferred tax assets 1,038 -Other assets 14,662 -Payables and provisions (4,021) -Financial liabilities (111,379) -Net assets disposed 24,469 - - -Cash flows resulting from saleCash consideration 36,371 -Cash disposed (1,020) -Net inflows of cash 35,351 - - -* Non cash consideration relates to the disposal of the Leighton Gulf operations to Al Habtoor Engineering LLC.Leighton Holdings Limited Financial Report 2008 NOTES TO THE FINANCIAL STATEMENTS 34