Jump to content

Home
Chairman's review
Board of Directors
Organisational Structure
Review of Operations
Locations
Financial Report
Directors' Report
Financial Statements
Directors' Declaration
Independent Auditor's Report
ASX Additional Information

NOTE 36 — INVESTMENTS IN PARTNERSHIPS CONTINUED

During the year, the cinema partnerships purchased management and consulting services of $5,273,000 (2007: $5,228,000), block and artwork of
$135,000 (2007: $143,000) and other services of $328,000 (2007: $329,000) from the Group. These transactions were on normal commercial terms.

THE GROUP

2008
$’000
2007
$’000
The Group’s share of the partnerships’ assets and liabilities consists of:
Current assets
Non-current assets
13,823
77,762
12,646
80,959
Total assets 91,585 93,605
Current liabilities
Non-current liabilities
16,042
1,526
12,558
1,962
Total liabilities 17,568 14,520
Share of net assets 74,017 79,085
Movements in carrying amount of partnerships
Carrying amount of partnerships at the beginning of the year
Net additional investments in partnerships
Contributions for capital
Share of partnerships’ profit
Gross distributions
Disposal of investment
Amortisation of capitalised interest
Reclassification to plant and equipment
108,456
157
—
23,333
(30,686)
(33)
—
—
119,783
813
—
18,402
(29,949)
(93)
(33)
(467)
Carrying amount of partnerships at the end of the year 101,227 108,456

Refer to Note 31 for details of contingent liabilities

NOTE 37 — DIRECTOR AND EXECUTIVE DISCLOSURES

Information regarding individual directors’ and executives’ compensation and some equity instruments disclosures, as permitted by Corporations
Regulations 2001, are provided in the remuneration report contained within the directors’ report. The relevant sections of the remuneration report
are outlined below:

SECTION OF REMUNERATION REPORT DIRECTORS’ REPORT PAGE REFERENCE

Non-executive director remuneration 23
Managing Director and executive remuneration 23
Fixed annual remuneration 23
Variable remuneration — short term incentive (“STI”) 23
Variable remuneration — long term incentive (“LTI”) 24
Employment contracts 25
Directors’ position and period of responsibility 26
Directors’ and executives’ remuneration 27

Directors

The following persons were directors of Amalgamated Holdings Limited during the financial year:

NAME

POSITION

PERIOD OF RESPONSIBILITY

AG Rydge

Non-executive director and Chairman

1 July 2007 to 30 June 2008

AJ Clark

Non-executive director and lead independent director

1 July 2007 to 30 June 2008

TC Ford

Non-executive director

1 July 2007 to 30 June 2008

RM Graham

Non-executive director

1 July 2007 to 30 June 2008

M Hellicar

Non-executive director

1 July 2007 to 30 June 2008

RG Newton

Non-executive director

29 February 2008 to 30 June 2008

JA O’Neill

Non-executive director

1 July 2007 to 11 October 2007

DC Seargeant

Managing Director

1 July 2007 to 30 June 2008