IOOF  | Annual Report 2012 15 Equity-accounted investees (i) At 30 June 2012, Perennial Investment Partners Ltd had a 52.4% (30 June 2011: 52.4%) shareholding interest in Perennial Value Management Ltd with a 42.4% (30 June  2011: 42.4%) dividend entitlement to the profits of Perennial Value Management Ltd. Due to the voting rights associated with different classes of shares in Perennial  Value Management Ltd, this ownership interest does not result in control. However, Perennial Investment Partners Ltd can significantly influence Perennial Value  Management Ltd under the terms of the agreement between these entities. page 89 Name of entity Country of  incorporation Ownership interest Carrying  value Group’s share of profit/(loss) 2012 2011 % % $’000 $’000 Associates Perennial Value Management Ltd  (i) Australia 52.4  52.4  8 , 211 7, 62 5 Police & Nurses Financial Planning Pty Ltd Australia 35.0  35.0  1,015  1  Kiewa Street Planners Pty Ltd Australia 40.0  40.0  1,223  55  Goldsborough Consultants Pty Ltd Australia 41.0  - 2,480  133  Thornton Group (SA) Pty Ltd Australia 41.0  - 5,166  134  MW Planning Pty Ltd Australia 31.0  - 2,314  47  Moneyplan Australia Pty Ltd Australia 20.0  - 942  60  StrategyOne Unit Trust Australia 25.0  - 873  2  Other associates 4,054  124  26,278  8,181  Consolidated Parent 2012 2011 2012 2011 $’000 $’000 $’000 $’000 Investment in associated entities 26,278  14,739  - - Carrying value Balance at 1 July 14,739  12,891  - - Interests acquired in equity-accounted investees 655  2,025  - - Acquisition through business combination (see note 30) 12,751  - - - Impairment (172) - - - Disposals (460) - - - Dividends from equity-accounted investees (9,416) (9,378) - - Share of profits of associates accounted for using the equity method  (net of tax) 8,181  9,201  - - Balance at 30 June 26,278  14,739  - -