Investment & Strategy Sub-Commitee Report

The Investment and Strategy committee is responsible for assisting the Board in fulfilling its oversight responsibility for the investment and strategic goals of the Company. It is also responsible for formulating the overall investment policies, and establishing investment guidelines in furtherance of those policies. The Committee monitors the management of...

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BORROWINGS

(a). The bank overdraft and stand by facilities of the subsidiary companies with ANZ Bank is secured by registered equitable mortgages over all the assets and undertakings of the companies, including uncalled and unpaid capital of the respective companies. The bank overdraft (together with the letter of credit and guarantee...

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INVESTMENT IN ASSOCIATES

The Group’s share of profit after tax in its equity accounted investees for the year was $2.600 million (2014: $1.744 million). The Group has interests in the following associates considered individually immaterial: Marsh Limited Golden Manufacturers Limited Pernix (Fiji) Limited

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NON-CONTROLLING INTERESTS

The Group has a number of subsidiaries which it controls but which also have significant non-controlling interests. The table set out below shows the interest that non-controlling interests have in each subsidiary that is material to the reporting entity.

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