Annual Report 2017-18 | Monash Health
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Note 4.1: Investments accounted for using the equity method<br />
Notes to the Financial Statements<br />
<strong>Monash</strong> <strong>Health</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2017</strong>/20<strong>18</strong><br />
Ownership Interest Published Fair Value<br />
Principal Country of 20<strong>18</strong> <strong>2017</strong> 20<strong>18</strong> <strong>2017</strong><br />
Name of Entity Activity Incorporation % % $'000 $'000<br />
Associates<br />
<strong>Monash</strong> <strong>Health</strong> Research Precinct Pty Ltd<br />
Property<br />
Investment Australia 20.33 20.33 4,099 4,012<br />
(a) As at 30 June 20<strong>18</strong>, the fair value of <strong>Monash</strong> <strong>Health</strong>'s interest in <strong>Monash</strong> <strong>Health</strong> Research Precinct Pty Ltd was based on its<br />
share of the company's net assets which is a level 3 input in terms of AASB 13 Fair Value Measurement.<br />
(b) The financial year end date of <strong>Monash</strong> <strong>Health</strong> Research Precinct Pty Ltd is 31 December. This was the reporting date established<br />
when that company was incorporated. For the purpose of applying the equity method of accounting, the financial statements of<br />
<strong>Monash</strong> <strong>Health</strong> Research Precinct Pty Ltd have been used, and appropriate adjustments have been made for the effects of<br />
significant transactions between that date and 30 June 20<strong>18</strong>.<br />
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