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AXIOM MINING LIMITED
ANNUAL REPORT 2015
91
Notes to the
financial statements
for the year ended 30 September 2015
COMPANY FINANCIAL REPORT
14. Investment in subsidiaries
2015
AU$000
2014
AU$000
Investment in subsidiaries – at cost
4,980
4,980
Impairment
(4,980)
(4,980)
–
–
Particulars of the subsidiaries as at the end of the reporting period are as follows:
Percentage of equity
attributable to the Company
Name of subsidiaries
Principal
activities
Place of
incorporation
2015
%
2014
%
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*
Dormant
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.