93 / 100
Consolidated
2015
$’000
2014
$’000
Movements in carrying amounts of the joint venture partnerships
Carrying value at the beginning of the year
22,189
7,578
Share of profits/(losses) after income tax
(3,552)
586
New investments
25,570
15,525
Contribution
2,356
-
Dividends received
(2,173)
(1,500)
Balance at 31 March
44,390
22,189
The jointly controlled entities assets and liabilities accounted for using equity accounting was:
Consolidated
2015
$’000
2014
$’000
Statement of financial position
Current assets
33,181
8,765
Non-current assets
76,935
30,833
Total assets
110,116
39,598
Current liabilities
23,569
3,577
Non-current liabilities
42,157
13,832
Total liabilities
65,726
17,409
Net assets
44,390
22,189
The jointly controlled entities income and expenses accounted for using equity accounting was:
Consolidated
2015
$’000
2014
$’000
Statement of comprehensive income
Revenues
48,102
4,772
Expenses
(51,654)
(4,186)
Profit before income tax
(3,552)
586
91
waikato-tainui
annual report 2015