84 Consolidated  Notes to the  Financial  Statements 2011 2010 $m $m Note 17 – Investments accounted for using the equity method Investments in associates – unlisted  214.1 180.4 Investments in jointly controlled entities – unlisted  26.6 20.4 240.7 200.8 Reconciliation of movements in investments accounted for using the equity method Balance at beginning of financial year  200.8 182.6 Disposals  (0.9) – Share of profits after income tax  33.6 70.7 Share of movements in reserves  22.9 (21.3) Share of actuarial gain/(loss) on defined benefit plans  8.6 (4.6) Dividends received  (24.3) (26.6) Balance at end of financial year  240.7 200.8 Ownership interest  Carrying value Country of Reporting 2011 2010 2011 2010 Name of entity  Principal activities  incorporation  dates  %  %  $m  $m Associates Greater Energy Alliance  Corporation Pty Limited  Electricity generation  Australia  31 Dec  32.5 32.5 212.0 177.2 Gascor Pty Ltd  Victorian gas transmission  Australia  30 June  – 33.3 – 0.9 CSM Energy Limited  Coal mine methane gas extraction  Australia  30 June  35.0 35.0 2.1 2.3 Jointly controlled entities ActewAGL Retail Partnership  Energy and water services  Australia  30 June  50.0 50.0 24.3 18.8 Energy Infrastructure  Management Pty Ltd  Pipeline management services  Australia  30 June  50.0 50.0 1.9 1.2 Central Queensland  Pipeline Pty Ltd  Gas pipeline development  Australia  30 June  50.0 50.0 0.4 0.4 240.7 200.8