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Notes to the Consolidated Financial Statements
30 June 2013
80 BRADKEN LIMITED ANNUAL REPORT 2013
Notes to the consolidated financial statements
30 June 2013
(continued)
30 Investments in associates
2013
2012
$'000
$'000
(a) Movements in carrying amounts
Carrying amount at the beginning of the financial year
38,521
-
Note 15
-
36,312
5,877
671
Share of profits after income tax
7,041
2,045
Dividends received/receivable
(2,178)
(507)
Carrying amount at the end of the financial year
49,261
38,521
(b) Summarised financial information of associates
Assets
Liabilities
Revenues
Profit
$'000
$'000
$'000
$'000
Austin Engineering Ltd * (ownership interest 21%)
60,309
31,194
33,704
7,041
60,309
31,194
33,704
7,041
Austin Engineering Ltd * (ownership interest 20%)
46,499
24,599
21,943
2,045
46,499
24,599
21,943
2,045
* Listed entity incorporated in Australia
(c) Fair value of listed investments in associates
2013
2012
$'000
$'000
Austin Engineering Ltd
49,481
62,306
49,481
62,306
Increase in investment by way of share purchases in current
period
The group's share of the results of its principal associates and its aggregated assets (including goodwill) and liabilities are as
follows:
Company's share of:
2013
2012
Cost of investment previously carried as an available for sale
financial asset
Page 80
Bradken Limited