NOTES TO THE FINANCIAL STATEMENTS continued
12. Investments://
Judgements
Classifying investments as either subsidiaries, associates, financial assets 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.
12.1 Investments in subsidiaries Trading subsidiaries
Significant trading entities and holding companies in the group are listed below.
PERCENTAGE HELD
PRINCIPAL ACTIVITY
2018
2017
Subsidiaries with 30 June balance date NGC Holdings Limited
Holding company
100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 60%
100% 100% 100% 100% 100% 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 Holding company
Vector Communications Limited Vector Energy Solutions Limited PowerSmart NZ Limited Vector ESPS Trustee Limited
Energy solutions services
Trustee company
Vector Energy Solutions (Australia) Pty Limited
Energy solutions services
E-Co Products Group Limited Cristal Air International Limited
Holding company
Ventilation systems assembler and brand franchisor Ventilation systems, water systems and parts sales
100%
100%
HRV Home Solutions Limited
100% 100% 100% 100% 100% 100%
100% 100% 100% 100% 100%
Ventilation Australia Pty Limited
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
SolPho Limited
Energy solutions services
–
83
Vector://AR 18
Made with FlippingBook flipbook maker