(b) Movements in carrying value of the Consolidated Entity's investment in associates 2011 2010 Westgold Resources Limited At 1 July 19,170,160  10,150,112  Additions 8,965,137  8,912,803  Share of (losses)/profits after income tax (736,648) 97,503  Gain on deemed disposal of associate 13,727,073  - Impairment (17,358,674) - Share of change in reserves (965,225) 9,742  At 30 June 22,801,822  19,170,160  Aragon Resources Limited At 1 July 3,355,753  766,185  Additions 626,400  1,300,000  Share of profits/(losses) after income tax 9 57, 74 0 (224,978) Gain on deemed disposal of associate 1,061,764  1,207,775  Share of change in reserves (14,939) 306,771  Disposal of investment (5,986,718) - At 30 June - 3,355,753  (c) Fair Value of investment in listed entities Based on the quoted share price the fair value of the Consolidated Entity's share investment in Westgold Resources Limited at  balance date is $22,801,822 (2010: $21,874,691). Based on the quoted share price the fair value of the Consolidated Entity's share investment in Aragon Resources Limited at  balance date is nil (2010: $3,355,753). (d) Summarised financial information The following table illustrates summarised financial information relating to the Consolidated Entity's associates: Extracts from the associates' statements of financial position: Current assets 11,364,730  26,931,526  Non-current assets 106,269,419  54,971,362  117,634,149  81,902,888  Current liabilities 4,370,705  2,776,859  Non-current liabilities 3,202,247  3,808,141  7,572,952  6,585,000  Net assets 110,061,197  75,317,888  Share of associates' net assets 27,537,311  17,847,442  Extracts from the associates' statements of comprehensive income: Revenue 5,562,031  1,992,216  Net profit/(loss) 4,670,268  (245,477) The Company has a 25.02% (2010: 31.99%) interest in Westgold Resources Limited (“Westgold”), which is involved in the  exploration for base metals in the Northern Territory. Westgold is listed on the Australian Securities Exchange. At the end of the  period the Company’s investment was $22,801,822 (2010: $19,170,160) which represents cost plus post-acquisition changes in  the Company's share of net assets of Westgold. During the period Westgold completed a takeover of Aragon Resources Limited ("Aragon"). As a result of the takeover the  Consolidated Entity sold its 8.70% (2010: 8.72%) interest in Aragon to Westgold. The Consolidated entity recognised a profit on the  sale of the Aragon shares to Westgold of $196,199. 90  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011