Axiom 2014 Annual Report - page 100

Notes to the Financial Statements
for the year ended 30 September 2014
98
Axiom Mining Limited
11. Investment in subsidiaries
2014
$000
2013
$000
Investment in subsidiaries – at cost
4,980
4,980
Provision for impairment of investment in subsidiaries
(4,980)
(4,980)
–
–
Details of the subsidiaries are as follows:
Name of subsidiaries
Principal
activities
Place of incorporation/
principal place of
business
Percentage of
equity attributable
to the Company
2014
%
2013
%
Axiom Vietnam JSC *
Exploration
Vietnam 90
90
Axiom Nickel Pty Ltd
Investment
Australia
100
100
Axiom Nickel (SI) Ltd
Exploration
Solomon Islands
100
100
Axiom KB Ltd *
Exploration
Solomon Islands
80
80
Azzu Mining Ltd
Investment
British Virgin Islands
100
100
Guadalcanal Resources Limited *
Exploration
Solomon Islands
93
93
Laos Resources Ltd
Dormant
British Virgin Islands
100
100
Ozmin Resources Pty Ltd
Exploration
Australia
100
100
South Pacific Minerals Limited
Exploration
Solomon Islands
100
100
Vietnam Resources Corporation Pty Ltd
Investment
Australia
100
100
Vietnam Resources Corporation (VN Holdings) Pty Ltd Investment
Australia
100
100
Vietnam Resources Corporation (QB) Pty Ltd
Investment
Australia
100
100
VRC Quangtri Pty Ltd
Investment
Australia
100
100
The companies shown above are not audited by Zenith CPA Limited.
* Indirectly held by the Company.
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