AGL Energy Limited Annual Report 2011 85 Dividends received from associates and jointly controlled entities Capital commitments and contingent liabilities Impairment testing for Greater Energy Alliance Corporation Pty Limited During the year, the consolidated entity received dividends of $nil (2010: $nil) from its associates and $24.3 million (2010: $26.6 million)  from its jointly controlled entities. The consolidated entity’s share of capital expenditure commitments and contingent liabilities of associates and jointly controlled entities are  disclosed in Notes 37 and 39 respectively. As at 30 June 2011, the carrying value of the consolidated entity’s interest in Greater Energy Alliance Corporation Pty Limited (GEAC) of  $326.7 million (2010: $281.3 million), comprised an equity accounted investment of $212.0 million (2010: $177.2 million) (Note 17), loan  notes receivable of $110.6 million (2010: $100.4 million) (Note 22) and interest receivable of $4.1 million (2010: $3.7 million) (Note 12)  (‘Loy Yang Interest’). The carrying value of the Loy Yang Interest has been tested for impairment at 30 June 2011 using a value in use model, and no impairment  loss has been recognised (2010: $nil). The key assumptions in the calculation of value in use are electricity load demand forecasts and  electricity price paths, coal and gas procurement costs, other plant operating costs and regulatory outcomes including the introduction of a  CO$_{2}$ emissions reduction scheme. In addition, the value in use model assumes that GEAC will successfully refinance a $565 million core debt  bullet repayment due for repayment in November 2012. Cash flow forecasts are based on management forecasts for the remaining life of  the plant. 2011 2010 $m $m Summarised financial information of associates Current assets  362.9 743.9 Non-current assets  3,599.3 3,546.1 Total assets  3,962.2 4,290.0 Current liabilities  216.1 701.7 Non-current liabilities  3,114.8 3,055.8 Total liabilities  3,330.9 3,757.5 Net assets 631.3 532.5 Revenue 648.7 982.7 Net profit after tax 9.8 122.0 Consolidated entity’s share of associates’ profi t 3.1 39.8 Summarised financial information of jointly controlled entities Current assets  175.8 142.9 Non-current assets  36.5 36.9 Total assets  212.3 179.8 Current liabilities  150.3 130.0 Non-current liabilities  3.6 3.2 Total liabilities  153.9 133.2 Net assets 58.4 46.6 Revenue 678.8 624.2 Expenses (618.0) (563.5) Consolidated entity’s share of jointly controlled entities’ profi t 30.5 30.9