=+BELVOIR plc (BELVOIR) purchased 35,000 ordinary shares in an Australian company, PERTH Limited (PERTH), on the 30 April 2003. For the purposes of measuring noncontrolling interests at the date of acquisition, the proportionate share method equated to the fair value method. The summarised statements of financial position of the two companies at 31 December 2003 are as follows:

BELVOIR

€ 000 ASSETS Non-current Assets Property, plant and equipment 50,000 Investment in PERTH 11,667 61,667 Current Assets Inventory 75,000 Receivables 175,000 Cash 5,000 255,000 316,667 EQUITY AND LIABILITIES Capital and Reserves

€1/A$1 ordinary shares 50,000 Capital reserve 25,000 Revenue reserve 55,000 130,000 Provision for Liabilities and Charges 26,667 Current Liabilities 160,000 316,667 EERE A$’000 150,000 150,000 200,000 250,000 25,000 475,000 625,000 50,000 60,000 65,000 175,000 75,000 375,000 625,000 612 INTERNATIONAL FINANCIAL ACCOUNTING AND REPORTING Additional Information: