NOTES TO THE FINANCIAL STATEMENTS
14. Investments://
Judgements
Classifying investments as either subsidiaries, associates, or joint operations requires management to judge the degree of influence which the group holds over the investee. These judgements impact upon the basis of consolidation accounting which is used to recognise the group’s investments in the consolidated financial statements.
14.1 Investments in subsidiaries
Trading subsidiaries
Significant trading entities and holding companies in the group are listed below.
PERCENTAGE HELD
Principal Activity
2017
2016
Subsidiaries with 30 June balance date NGC Holdings Limited
Holding company
100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 60%
100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 60%
Vector Gas Trading Limited
Natural gas trading and processing Joint operator – cogeneration plant
Vector Kapuni Limited
Liquigas Limited On Gas Limited
Bulk LPG storage, distribution, and management
LPG sales and distribution
Vector Metering Data Services Limited Advanced Metering Assets Limited Advanced Metering Services Limited
Holding company Metering services Metering services
Vector Advanced Metering Services (Australia) Pty Limited
Metering services
Vector Advanced Metering Assets (Australia) Limited Metering services
Arc Innovations Limited
Metering services Telecommunications
Vector Communications Limited
Vector Energy Solutions Limited (formerly Vector Solar Limited) PowerSmart NZ Limited (formerly Vector Contracting Services Limited)
Holding company
100%
100%
Energy solutions services
100% 100% 100%
100% 100%
Vector ESPS Trustee Limited
Trustee company
Vector Energy Solutions (Australia) Pty Limited
Energy solutions services
–
Subsidiaries with 31 March balance date E-Co Products Group Limited
Holding company
100% 100% 100% 100% 100% 100% 100%
– – – – – – –
Cristal Air International Limited HRV Home Solutions Limited Ventilation Australia Pty Limited
Ventilation systems assembler and brand franchisor Ventilation systems, water systems and parts sales
Holding company
HRV Australia Pty Limited
Ventilation system and parts sales Home heating solutions sales Wholesaler of systems and parts
Energy Efficient Solutions NZ (2016) Limited
HVAC Hero 2016 Limited
94
Vector://AR 17
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