81 / 136
79
2016
2015
$’000
$’000
d) Group’s share of associates’ contingent liabilities
Share of contingent liabilities incurred jointly with
other investors of the associate
19,179
15,141
e) Summarised Group’s share of associates
financial information
Assets
2,796,095
2,258,532
Liabilities
(1,168,989)
(830,422)
Net assets
1,627,106
1,428,110
Revenue
2,312,674
1,983,496
Profit before income tax
176,751
136,051
Income tax expense
(54,248)
(40,972)
Profit after income tax
122,503
95,079
f ) Extract of financial information as reported by
associates that are material to the Group
The information disclosed reflects the total amounts reported in the financial statements of Brickworks Limited
and TPG Telecom Limited amended to reflect adjustments made by the Group in applying the equity method.
Brickworks Limited
TPG Telecom Limited
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Current assets
344,168
316,851
358,600
253,900
Non-current assets
1,021,450
1,055,363
3,412,400
1,399,900
Current liabilities
(145,498)
(183,480)
(513,900)
(258,100)
Non-current liabilities
(356,931)
(333,864)
(1,477,900)
(392,500)
Net assets
863,189
854,870
1,779,200
1,003,200
Group’s percentage holding
44.14%
44.23%
25.15%
26.88%
Group’s share of total net assets
381,012
378,109
447,469
269,660
Goodwill/(discount)
16,054
15,085
(433)
1,140
Equity accounted carrying value
397,066
393,194
447,036
270,800
Revenue
750,985
723,611
2,387,800
1,270,600
Profit after tax attributable
to members
78,190
78,090
379,600
224,100
Other comprehensive income
(12,851)
(1,732)
(34,700)
31,900
Total comprehensive income
65,339
76,358
344,900
256,000
Dividends received by Washington
H. Soul Pattinson and Company
Limited from the associate
30,194
28,227
27,744
21,874
Refer to note 10 (b) for associates profit contributions to the Group.