COMPUTERSHARE ANNUAL REPORT 2008

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40. ASSOCIATED ENTITIESDetails of interests in associated entities are as follows:NamePrincipal ActivitiesPlace ofIncorporationOwnership InterestConsolidatedCarrying amount2008 2007 2008 2007% % Balance Date $000 $000Equity accountedChelmer Limited Computer Technology Services New Zealand 50% 50% 30 June - -Registrar Nikoil Company JSC Investor Services Russia 40% 40% 31 December 5,951 11,454Netpartnering Limited Investor Services UK 25% 25% 31 December 3,390 3,743Total investments in associated entities 9,341 15,197Voting power is in accordance with the ownership interest held.2008 2007$000 $000Share of associates resultsProfit/(loss) before income tax 2,619 3,478Income tax expense (694) (796)Profit/(loss) after tax 1,925 2,681Share of net result of associates 1,925 2,681Less dividends received (6,752) -Retained profits at the beginning of the financial year 1,723 6,374Effect of associates becoming subsidiary undertakings - (7,332)Retained profits at the end of the financial year (3,104) 1,723Share of associates reservesForeign currency translation reserveBalance at the beginning of the financial year 279 6Share of translation of overseas associates (32) 66Effect of associates becoming subsidiary undertakings - 207Balance at the end of the financial year 247 279Movements in carrying value of investments in associatesCarrying amount at the beginning of the financial year 15,197 8,371Investments acquired during the year (997) 13,408Share of net result after income tax 1,925 2,681Less dividends received (6,752) -Effect of associates becoming subsidiary undertakings - (9,536)Share of movement in reserves during the financial year (32) 273Carrying amount at the end of the financial year 9,341 15,19702-13Overview14-36Governance37-88Financials89-92ReportsShare of associates capital expenditure commitmentsThere are no material capital expenditure commitments in respect of associates at balance date.Share of associates contingent liabilitiesThere are no material contingent liabilities in respect of associates at balance date.93-96Further InformationPAGE 87
Notes to the Financial Statements41. JOINT VENTURESDetails of interests in joint ventures are as follows:NamePrincipal ActivitiesPlace ofIncorporationOwnership Interest Consolidated Carrying amount2008 2007 2008 2007% % $000 $000Japan Shareholder Services Investor services Japan 50% 50% 1,737 904Retained profits (loss) attributable to the joint ventureConsolidated2008 2007$000 $000At the beginning of the financial year 237 (82)At the end of the financial year 898 237Foreign currency translation reserve attributable to the joint ventureAt the beginning of the financial year 76 -At the end of the financial year 121 76Movement in carrying amount of investment in joint ventureCarrying amount at the beginning of the financial year 904 529Investments acquired during the year - -Foreign exchange on opening carrying value 121 76Share of net result of joint ventures after income tax 762 276Share of movement in reserves during the financial year 51 23Dividend paid (101) -Carrying amount at the end of the financial year 1,737 904Share of joint venture revenues, expenses and resultsRevenues 3,906 2,462Expenses (2,591) (1,997)Profit/(loss) before related income tax 1,315 465Share of joint venture assets and liabilities - -Share of joint venture capital expenditure commitmentsThere are no material capital expenditure commitments in respect of joint ventures at balance date.Share of joint venture contingent liabilitiesThere are no material contingent liabilities in respect of joint ventures at balance date.42. INTERESTS IN EQUITYMembers of theMinority InterestsParent entity2008 2007 2008 2007$000 $000 $000 $000Interest in the equity of the consolidated entity:Contributed equity – ordinary shares 31,689 344,541 3,799 4,645Reserves 126,437 63,894 620 910Retained profits 600,794 414,658 6,857 3,926Total interest in equity 758,920 823,093 11,276 9,481PAGE 88 Computershare Annual Report 2008
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Management Discussion and AnalysisC
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North America Regional OverviewDesp
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2008 HIGHLIGHTS> Acted for all majo
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As at the date of this Annual Repor
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4. BOARD INDEPENDENCEThe Board has
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With limited exceptions, the Compan
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PricewaterhouseCoopers rotates audi
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DIVIDENDSThe following dividends of
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LIKELY DEVELOPMENTS AND FUTURE RESU
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No incentives, either short or long
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In the case of key management perso
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Key management personnel and most h
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Value of options included in key ma
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Details of the amounts paid to the
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Page 40 and 41: Statements of Changes in Equity for
Page 42 and 43: Notes to the Financial Statements1.
Page 44 and 45: Impairment of assetsAll non-current
Page 46 and 47: Business combinationsThe purchase m
Page 48 and 49: HedgingThe Group documents at the i
Page 50 and 51: 2. REVENUE AND EXPENSES FROM CONTIN
Page 52 and 53: 5. INCOME TAXa) Income tax expenseC
Page 54 and 55: Reconciliation of weighted average
Page 56 and 57: ConsolidatedLand atcost$00016. PROP
Page 58 and 59: ConsolidatedParent Entity2008 2007
Page 60 and 61: Impairment tests for goodwillGoodwi
Page 66 and 67: Nature and purpose of reservesi. Fo
Page 68 and 69: Defined Benefit Funds1) Karvy Compu
Page 70 and 71: Name of subsidiaryPlace of incorpor
Page 72 and 73: Name of subsidiaryPlace of incorpor
Page 74 and 75: The assets and liabilities arising
Page 76 and 77: Computershare Limited Closed Group
Page 78 and 79: 33. RELATED PARTY DISCLOSURESKey ma
Page 80 and 81: (a) Interest rate riskInterest rate
Page 82 and 83: The consolidated entity minimises c
Page 84 and 85: (c) OtherThe Group is subject to re
Page 86 and 87: SECONDARY BASIS - Business Segments
Page 90 and 91: Directors’ DeclarationIn the dire
Page 92 and 93: Independent Auditor’s Report02-13
Page 94 and 95: Shareholder InformationThis section
Page 96 and 97: Office Locations02-13Overview14-36G
Page 98: HEAD OfficeComputershare LimitedABN
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COMPUTERSHARE ANNUAL REPORT 2008

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