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CIMIC Group Limited Annual Report 2016 |
Financial Report
Notes continued
for the 12 months to 31 December 2016
38. CIMIC GROUP LIMITED AND CONTROLLED ENTITIES
CONTINUED
c) Acquisition and disposal of controlled entities
Refer to Note 29:
Acquisitions and disposals of controlled entities and businesses
for further details.
d) Liquidation of controlled entities
The following controlled entities have been liquidated during the period to 31 December 2016 as they are no longer required by the Group
in the ordinary course of business:
111 Margaret Street Pty Ltd
Boggo Road Lots 6 and 7 Pty Ltd
BOS Australia Pty Ltd
Canberra Metro Finance Pty Limited
Green Construction Company
Leighton Asia (China) Limited
Leighton Contractors (Mauritius) Limited
Leighton Engineering Joint Venture
Leighton Gbs Snd. Bhd
Leighton Geotech Limited
Leighton International Holdings Limited
Leighton International Projects (India) Private Limited
Moonamang Joint Venture Pty Ltd
Queens Square Pty Ltd
Sedgman Consulting Unit Trust
Thiess Infraco Pty Ltd
Thiess Southland Pty Ltd
Victoria Point Docklands Pty Ltd
Woodforde JV Pty Ltd
e) Parent entity commitments and contingent liabilities
Contingent liabilities under indemnities given on behalf of controlled entities in respect of the parent: bank guarantees: $1,864.8 million
(31 December 2015: $1,950.1 million); insurance bonds:
$699.1 million
(31 December 2015:
$761.3 million); letters of credit:
$180.6
million (31 December 2015: $262.6 million). During the reporting period, the parent was released from bank guarantees totalling $nil
million (31 December 2015: $nil milllion), insurance, performance and payments bonds totalling $nil million (31 December 2015: $nil
million) and letters of credit totalling $nil million (31 December 2015: $nil million) related to the disposal of controlled entities and
businesses.
Capital expenditure contracted for at the reporting date but not recognised as liabilities of the parent was $nil
(31 December 2015: $nil).
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