Financial Report 2008 - Leighton Holdings
Financial Report 2008 - Leighton Holdings
Financial Report 2008 - Leighton Holdings
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Notes to the <strong>Financial</strong> Statements continuedfor the year ended 30 June <strong>2008</strong>36. LEIGHTON HOLDINGS LIMITED AND CONTROLLED ENTITIES CONTINUEDInterestheldPlace ofincorporationThiess Q Pty Ltd (4) 100% QldThiess S.A. Pty Ltd (4) 100% QldThiess Services Ltd 100% New ZealandThiess Services Pty Ltd (4) 100% QldThiess Southland Pty Ltd (4) 100% NSWThiess Superannuation Nominees No. 2 Pty Ltd (4) 100% QldThiess Superannuation Nominees Pty Ltd (4) 100% Qld* Vision Hold Pty Ltd (4) 100% NSW* Visionstream Australia Pty Ltd (4) 100% NSW† Visionstream Pty Ltd (4) 100% Qld* Visionstream Services Pty Ltd (4) 100% NSWVytel Admin Pty Ltd (4) 100% NSWVytel Investments Pty Ltd (4) 100% NSW† Vytel Pty Ltd (4) 100% NSWYandina Ethanol Pty Ltd (4) 100% Vic* Yifta Pty Ltd (4) 100% ACTYoltax Pty Limited (2) 100% NSWZanofile Trust (4) 100% N/AZelmex Pty Limited (2) 100% NSW512 Wickham Street Pty Ltd (3),(4) 100% NSW512 Wickham Street Trust (4) 100% N/A(1) Entities controlled under shareholder agreements(2) Incorporated/established in <strong>2008</strong> reporting period(3) Trustee company(4) Entities included in tax-consolidated group# Entity has a 31 December balance date† These companies (<strong>Leighton</strong> <strong>Holdings</strong> Limited (LHL) Class Order Companies) have the benefit of an ASIC Class Order98/1418.* These companies are parties to the Deed of Cross Guarantee but do not have the benefit of ASIC Class Order 98/1418 at30 June <strong>2008</strong>, as they are small proprietary companies.During the reporting period to 30 June <strong>2008</strong> the Group made the following acquisitions - proportion acquired 100%: Australian Mine Services Pty LtdOn 1 February <strong>2008</strong> the Group acquired all the shares in Australian Mine Services Pty Ltd (AMS) for $12.7 million in cashincluding acquisition costs. In the five months to 30 June <strong>2008</strong>, AMS contributed a net profit after tax of $0.7 million to theconsolidated net profit for the year. Silk Telecom Pty LtdOn 1 June <strong>2008</strong> the Group acquired all the shares in Silk Telecom Pty Ltd (Silk) for $53.5 million in cash, includingacquisition costs. In the one month to 30 June <strong>2008</strong>, Silk contributed a net profit after tax of $0.3 million to theconsolidated net profit for the year.<strong>Leighton</strong> <strong>Holdings</strong> Limited <strong>Financial</strong> <strong>Report</strong> <strong>2008</strong> NOTES TO THE FINANCIAL STATEMENTS 63
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