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OHL USA, INC. AND SUBSIDIARIES
<br />NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
<br />DECEMBER 31, 2020
<br />Note 10 - Investment in Unconsolidated Joint Ventures (cont'd.)
<br />Summarized combined financial information for OHL/Posillico/SELI Overseas, Joint Venture,
<br />OC 405 Partners Joint Venture, JTJ Contracting, Judlau White, a Joint Venture, Ave Z
<br />Constructors - A JV, Judlau - S&J, a Joint Venture, and CCDM JV, accounted for on the
<br />proportionate consolidation method at December 31, 2020 and for the year then ended, is
<br />presented as follows:
<br />Current assets
<br />Property and equipment, net
<br />Total Assets
<br />Less: Total liabilities
<br />Net Assets
<br />Operations for the year:
<br />Revenue
<br />Cost
<br />Net Income
<br />Total
<br />229,508,040
<br />32,701,565
<br />262,209,605
<br />Proportionate
<br />Share
<br />$ 122,035,859
<br />18,497, 564
<br />140,533,423
<br />194, 403, 391 102, 349, 883
<br />$ 67,806,214 $ 38,183,540
<br />$ 490,874,876 $ 264,110,021
<br />457,467,714 244,871,341
<br />$ 33,407,162 $ 19,238,680
<br />In addition, USA, Judlau and Community fulfill certain joint venture contractual obligations and
<br />are reimbursed for all related costs incurred.
<br />Note 11 - Related Party Transactions
<br />The Company's bonding facility with its surety is supported by the Company's parent. The
<br />parent has issued letters of credit for the benefit of the Company's surety.
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