content_image/240885.jpg content_image/240884.jpg
## 15 Equity-accounted investees 

<img src='content_image/240885.jpg'>

<img src='content_image/240884.jpg'>

(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. 

