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babcock & brown limited prospectus.pdf - Astrojapanproperty.com

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APPENDIX A PRO-FORMA CONSOLIDATED FINANCIAL STATEMENTS<br />

37. INVESTMENTS IN UNINCORPORATED JOINT<br />

VENTURES<br />

Ownership<br />

interest by Carrying<br />

Balance consolidated value<br />

Name date entity 2003<br />

$000<br />

Number 3 Joint Venture (i) 31-Dec-03 60% (82)<br />

Aldoga Property Joint Venture (ii) 31-Dec-03 50% –<br />

Tribeca Finance Joint Venture (iii) 31-Dec-03 22.50% (3,059)<br />

Tribeca Developments Joint Venture (iv) 31-Dec-03 50% 25<br />

The Perth Joint Venture (iv) 31-Dec-03 50% 2,015<br />

Tribeca Joint Venture (iv) 31-Dec-03 50% 2,516<br />

Schofield Joint Venture (v) 31-Dec-03 50% 474<br />

1,889<br />

Principal activity:<br />

(i) Lease management services<br />

(ii) Land owner leased to aluminium smelter<br />

(iii)Provide financing to property development joint venture<br />

(iv)Property developer<br />

(v) Land holder and property developer<br />

2003<br />

$000<br />

Share of joint venture’s profits/(losses)<br />

– Revenues 13,848<br />

– Expenses (17,499)<br />

Share of joint venture’s net profits/(losses) (3,651)<br />

Share of joint venture’s assets and liabilities<br />

2003<br />

$000<br />

Current assets 2,200<br />

Non-current assets 85,055<br />

Current liabilities (38,501)<br />

Non-current liabilities (46,865)<br />

Net assets 1,889<br />

218

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