REG - Serco Group PLC - Half-year Report <Origin Href="QuoteRef">SRP.L</Origin> - Part 7

SercoAnnouncement

03/08/2017 07:07

- Part 7: For the preceding part double click  ID:nRSC9639Mf 

(unaudited) £m  Current outstanding at 30 June 2017 (unaudited) £m  Non current outstanding at 30 June 2017 (unaudited) £m  
 Sale of goods and services                                                                                                                                                                                                          
 Joint ventures                                       0.2                                                                -                                                   -                                                       
 Associates                                           3.4                                                                0.7                                                 -                                                       
 Other                                                                                                                                                                                                                               
 Dividends received - joint ventures                  3.9                                                                -                                                   -                                                       
 Dividends received - associates                      9.9                                                                -                                                   -                                                       
 Receivable from consortium for tax - joint ventures  1.0                                                                8.7                                                 -                                                       
                                                      18.4                                                               9.4                                                 -                                                       
 
 
AWEML was formerly a joint venture but from September 2016 there was a change in the entity's shareholding structure, with
the Group's shareholding reducing from 33.3% to 24.5% by way of a return of shares and Lockheed Martin taking a majority
holding.  Subsequent to the change in share ownership, AWEML has been accounted for as an associate as we continue to have
significant influence.  In the first half of the prior year, the AWEML transactions and outstanding balances were disclosed
within joint ventures below. 
 
                                                      Transactions for the six months ended 30 June 2016 (unaudited) £m  Current outstanding at 30 June 2016 (unaudited) £m  Non current outstanding at 30 June 2016 (unaudited) £m  
 Sale of goods and services                                                                                                                                                                                                          
 Joint ventures                                       3.3                                                                0.6                                                 -                                                       
 Other                                                                                                                                                                                                                               
 Dividends received - joint ventures                  19.7                                                               -                                                   -                                                       
 Receivable from consortium for tax - joint ventures  1.2                                                                10.5                                                -                                                       
                                                      24.2                                                               11.1                                                -                                                       
 
 
                                                      Transactions for the 31 December 2016 (audited) £m  Current outstanding at 31 December 2016 (audited) £m  Non current outstanding at 31 December 2016 (audited) £m  
 Sale of goods and services                                                                                                                                                                                               
 Joint ventures                                       0.5                                                 0.1                                                   -                                                         
 Associates                                           6.2                                                 0.5                                                   -                                                         
 Other                                                                                                                                                                                                                    
 Dividends received - joint ventures                  20.4                                                -                                                     -                                                         
 Dividends received - associates                      19.6                                                -                                                     -                                                         
 Receivable from consortium for tax - joint ventures  3.2                                                 7.7                                                   -                                                         
                                                      49.9                                                8.3                                                   -                                                         
 
 
Joint venture receivable and loan amounts outstanding have arisen from transactions undertaken during the general course of
trading, are unsecured, and will be settled in cash.  Interest arising on loans is based on LIBOR, or its equivalent, with
an appropriate margin.  No guarantee has been given or received.  The only loan amounts owed by joint ventures or
associates related to a single entity which have been provided for in full. 
 
This information is provided by RNS
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