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S E C T I O N 1 2 : Our Financial Review

ALLIANCE ANNUAL REP ORT 2018

The company has the following investments: Country Balance date

2018

2017

Ownership interest

Ownership interest

Associates The Lamb Co-operative Inc.

USA

30-Sep

44.9%

45.8%

The NZ and Australian Lamb Company Ltd Porkcorp New Zealand Ltd Alpine Origin Merino Ltd High Health Alliance Limited

CAN NZ NZ NZ

30-Sep 30-Sep 30-Sep 30-Sep

43.0% 50.0% 50.0% 50.0%

44.8% 50.0% 50.0% 50.0%

2018

2017

$000

$000

Investments in equity accounted investees Movements in carrying value of equity accounted investments: Balance at beginning of year Investment in share capital Add patronage dividends issued as advances Add patronage dividends reinvested Less withholding tax on dividends Less promissory notes repaid Add/(less) share of foreign exchange translation reserve

Add share of profit after tax Less dividends received

27,682 3,415 92 (850) (3,468) 574

20,894 190 3,834 2,800 186

27,445

27,904

1,482 -

428 (650)

Closing balance

28,927

27,682

This balance comprises: Shares in associate companies and joint ventures Advances to associated companies at cost Share of post-acquisition increases in net assets Share of foreign exchange translation reserve

6,430 10,896 15,306 (3,705)

6,430 10,896 14,635 (4,279)

Closing balance

28,927

27,682

Summary financial information for equity accounted investees and proportionately consolidated entities, not adjusted for the percentage ownership:

Associates and joint ventures 2017 2018

Total assets

Total liabilities

Revenues

Profit (loss)

$000 120,593 135,356

$000 80,454 84,047

$000 617,391 764,419

$000 8,073 11,904

The notes to the Group financial statements form an integral par t of these financial statements.

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Profile for alliance12

Annual Report 2018  

Annual Report 2018