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CIMIC Group Limited Annual Report 2016 |
Financial Report
Notes continued
for the 12 months to 31 December 2016
27. JOINT OPERATIONS
CONTINUED
Ownership interest
Name of arrangement
Principal activity
Country
December 2016
%
December 2015
%
Thiess KMC JV
Contract Mining Canada
51
-
UGL Cape
1, 4
Services
Australia
50
-
UGL Kaefer
1, 4
Services
Australia
50
-
UGL Kentz
1, 4
Construction
Australia
50
-
Veolia Water - Leighton- John Holland Joint Venture
Construction
Hong Kong
24
24
All joint operations have a reporting date of 31 December with the following exceptions:
1
Arrangements have a 30 June reporting date. These entities have different statutory reporting dates to the Group as they are aligned
with the joint operations partners’ reporting date and / or the reporting date is prescribed by local statutory requirements.
2
Entity has been transferred to controlled entities during the period.
3
On acquisition of Sedgman this entity was 100% owned by the Group and was fully consolidated, disclosure is given for comparative
purposes.
4
Entities 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, acquired on 20 January 2017.
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