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CCA Group CCA Entity

The Company has a 50% interest in Pacific Beverages Pty Ltd and its
subsidiaries (Pacific Beverages). The principal activity is the importation
and distribution of alcoholic beverages.

During the year, Pacific Beverages acquired Bluetongue Brewery Pty Ltd,

which brews and distributes Australian premium beers.
The interest in Pacific Beverages is accounted for in the consolidated
financial statements using the equity method of accounting and is
carried at cost by the parent entity. Information relating to the joint
venture entity is set out below.

Carrying amount of investment in Pacific Beverages Pty Ltd

1.2

Note 11. Investment in Joint Venture Entity
Investment in joint venture entity

2007
$M
16.4
16.4
18.4
11.8
30.2
12.9
0.9
13.8
16.4
19.7
(18.5)
1.2
(0.4)
0.8
–
–
–
1.2

2006

2007
$M
15.8
15.8
–
–
–
–
–
–
–
–
–
–
–
–
2,848.0
(433.6)
2,414.4
2006

$M

$M

Share of Pacific Beverages Pty Ltd’s assets and liabilities

Current assets

4.2

–
Non-current assets

–

–

Total assets

4.2

–

Current liabilities

3.0

–

Non-current liabilities

–

–

Total liabilities

3.0

–

Net assets

1.2

–

Share of Pacific Beverages Pty Ltd’s revenue, expenses and results

Revenues

1.0

–
Expenses

(1.4)
–

Profit/(loss) before income tax

(0.4)
–

Income tax (expense)/benefit

0.1

–

Profit/(loss) after income tax

(0.3)
–

Note 12. Investments in Securities
Shares in subsidiaries at cost1

–

2,824.6

Impairment

–

(79.9)
Total investments in securities

–

2,744.7