Axiom Mining 2015 Annual Report

COMPANY FINANCIAL REPORT

Notes to the financial statements for the year ended 30 September 2015

91

14. Investment in subsidiaries

2015 AU$000

2014 AU$000

4,980

4,980

Investment in subsidiaries – at cost

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

Principal activities

Place of incorporation

2015 %

2014 %

Name of subsidiaries

Exploration Vietnam

Axiom Vietnam JSC* Axiom Nickel Pty Ltd Axiom Nickel (SI) Ltd

90

90

Investment

Australia Solomon Islands Solomon Islands

100

100

Exploration

100

100

Axiom KB Ltd*

AXIOM MINING LIMITED ANNUAL REPORT 2015

Exploration

80

80

Azzu Mining Ltd

British Virgin Islands

Investment

100

100

Guadalcanal Resources Limited*

Solomon Islands

Dormant

93

93

Laos Resources Ltd

British Virgin Islands

Dormant

100 100

100 100

Ozmin Resources Pty Ltd

Exploration

Australia Solomon Islands Australia

South Pacific Minerals Limited

Exploration Investment

100 100

100 100

Vietnam Resources Corporation Pty Ltd

Vietnam Resources Corporation (VN Holdings) Pty Ltd

Investment

Australia

100

100

Vietnam Resources Corporation (QB) Pty Ltd

Investment Investment

Australia Australia

100 100

100 100

VRC Quangtri Pty Ltd

The companies shown above are not audited by Zenith CPA Limited.

* Indirectly held by the Company.