170525-CIMIC-2016-ANNUAL-REPORT - page 132

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CIMIC Group Limited Annual Report 2016 | Financial Report
Notes continued
for the 12 months to 31 December 2016
26. JOINT VENTURE ENTITIES CONTINUED
Ownership interest
Name of entity Principal activity Country December 2016
%
December 2015
%
Thiess Alstom Joint Venture1 Construction Australia - 50
Thiess Barnard Joint Venture Construction Australia - 50
Thiess Downer EDI Works JV1 Construction Australia - 75
Thiess Hochtief Joint Venture1 Construction Australia 50 50
Thiess United Group Joint Venture1 Construction Australia 50 50
Ventia Services Group Pty Limited Services Australia 47 50
Viridian Noosa Pty Ltd1 Development Australia 50 50
Viridian Noosa Trust1 Development Australia 50 50
Wallan Project Pty Ltd1 Investment Australia 50 50
Wallan Project Trust1 Investment Australia 50 50
Wedgewood Road Hallam No. 1 Pty Ltd Development Australia 50 50
Wedgewood Road Hallam Trust Development Australia 50 50
Wellington Tunnels Alliance Construction New Zealand 50 50
Wrap Southbank Unit Trust Development Australia 50 50
All joint venture entities have a statutory reporting date of 31 December with the following exceptions:
1Entities have a 30 June statutory reporting date.
2Entities have a 31 March statutory reporting date.
3Enities attained through the purchase of UGL refer to Note 29: Acquisitions and disposals of controlled entities and businesses. Percentages
are based on 100% ownership of UGL, which was obtained on 20 January 2017.
These entities have different statutory reporting dates to the Group as they are aligned with the joint venture partners’ reporting date
and / or the reporting date is prescribed by local statutory requirements.
Where the Group has an ownership interest in a joint venture entity greater than 50% but does not control the arrangement due to the
existence of joint control, the joint venture is not consolidated.
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