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Unformatted text preview: ully consolidated from the date on which control is obtained by the Group and cease to be
consolidated from the date on which control is transferred out of the Group.
In preparing the consolidated financial statements, all intercompany balances and transactions, income and expenses
and profit and losses resulting from intra-group transactions have been eliminated in full.
Non-controlling interests not held by the Group are allocated their share of net profit after tax in the consolidated
statement of comprehensive income and are presented within equity in the consolidated statement of financial
position, separately from the parent shareholders' equity.
(ii) Joint ventures
During the year ended 30 June 2011 the Group held a 50% interest in iPrint Corporate Pty Ltd, a joint venture
between the Wellcom Group Limited and Australian Postal Corporation. The joint venture was accounted for using
the equity method of accounting in the consolidated financial statements up to the date the entity was fully acquired
by the Group (refer to note 30).
d) Significant accounting judgements, estimates and assumptions
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This document was uploaded on 02/06/2014.
- Spring '14