56 / 112
54
AXIOM MINING LIMITED
ANNUAL REPORT 2015
Notes to the
financial statements
for the year ended 30 September 2015
GROUP FINANCIAL REPORT
9. Investments in subsidiaries
Details of the subsidiaries are as follows:
Ownership interest held
by the Group
Proportion of
Non-controlling interests
Name of subsidiaries
Place of
incorporation
2015
%
2014
%
2015
%
2014
%
Axiom Vietnam JSC*
Vietnam
90
90
10
10
Axiom Nickel Pty Ltd
Australia
100
100
–
–
Axiom Nickel (SI) Ltd
Solomon
Islands
100
100
–
–
Axiom KB Ltd
Solomon
Islands
80
80
20
20
Azzu Mining Ltd
British Virgin
Islands
100
100
–
–
Guadalcanal Resources Limited*
Solomon
Islands
93
93
–
–
Laos Resources Ltd
British Virgin
Islands
100
100
–
–
Ozmin Resources Pty Ltd
Australia
100
100
–
–
South Pacific Minerals Limited
Solomon
Islands
100
100
–
–
Vietnam Resources Corporation Pty Ltd
Australia
100
100
–
–
Vietnam Resources Corporation (QB) Pty Ltd
Australia
100
100
–
–
VRC Quangtri Pty Ltd
Australia
100
100
–
–
Millungera Energy Pty Ltd
Australia
100
100
–
–
Vietnam Resources Corporation
(VN Holdings) Pty Ltd
Australia
100
100
–
–
* The non-controlling interests of Axiom Vietnam JSC and Guadalcanal Resources Limited are not material to the Group.