18. Equity-Accounted Investments
Equity-accounted investments relate in their entirety to the shareholding in MHE-Demag (S) Pte. Ltd, Singapore (“MHE-Demag”). Demag Cranes AG’s share in the profit of MHE-Demag for financial year 2008/2009 is EUR 2,043,000 (2007/2008: EUR 2,492,000). Revenue in financial year 2008/2009 includes EUR 15,240,000 (2007/2008: EUR 20,596,000) in supplies to MHE-Demag. The share of profit included in the Income Statement is explained in Note 11 "Share of Profit from Equity-Accounted Investments".
The table below contains financial information on MHE-Demag relative to the Group’s 50 percent ownership interest:
31 August |
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|
in EUR thousand |
2009 |
2008 |
|
Revenue* |
41,322 |
41,352 |
|
Net income after tax* |
2,043 |
2,492 |
|
Non-current assets |
4,629 |
4,687 |
|
Current assets |
28,977 |
28,863 |
|
Non-current liabilities |
592 |
753 |
|
Current liabilities |
16,054 |
17,476 |
|
Liabilities and shareholders’ equity |
16,960 |
15,321 |
|
* 1 September 2008 – 31 August 2009. |
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