6 46 4
Associates:
Charitable Operating
Interest held
Balance date
status
division
2012
2011
Hamilton Riverview Hotel Limited
No Investment
41%
41%
31‑Dec
Unincorporated Joint Ventures:
Charitable Operating Ownership and voting interest
Balance
Status
division
2012
2011
date
Callum Brae Tainui
No Property
50%
50%
31‑Mar
TAG Forestry Joint Venture
No Property
50%
50%
31‑Mar
The subsidiaries, interest in associates and joint ventures with reporting dates other than 31 March have been included
based on their actual balances at 31 March 2012 and not the balances at their respective reporting dates. Hamilton
Riverview Hotel Limited has a balance date of 31 December to align with its other shareholders operations.
The country of incorporation for all subsidiaries, associates and joint ventures is New Zealand.
The Group’s interest in the joint ventures had the following effect on the fnancial statements:
Consolidated
2012
2011
$’000
$’000
Statement of fnancial position
Current assets
2,442
3,599
Non‑current assets
210
4,195
Total assets
2,652
7,794
Current liabilities
245
567
Net assets
2,407
7,227
Statement of comprehensive income
Revenues
2,413
3,550
Expenses
(1,252)
(2,005)
Proft before income tax
1,161
1,545
4 Revenue
Consolidated
Parent
2012
2011
2012
2011
Notes
$’000
$’000
$’000
$’000
Rental income
31,441
24,556
2,642
2,580
Hotel income
14,397
-
-
-
Sale of sections
2,409
3,522
-
-
Other income
2,144
1,401
2,505
634
Quota leasing income
1,745
1,814
-
-
Dairy income
1,056
1,048
1,056
1,048
Dividends from listed investments
918
1,586
918
1,586
Other operating gains
13
693
728
693
728
54,803
34,655
7,814
6,576
notes to the financial Statements continued
Note 3 continued