GEO ENERGY RESOURCES LIMITED - ANNUAL REPORT 2015 - page 90

NOTES TO FINANCIAL STATEMENTS /31 DECEMBER 2015
2015 ANNUAL
REPORT
88
11 INVESTMENT IN SUBSIDIARIES (cont’d)
ĞƚĂŝůƐ ŽĨ ƚŚĞ ŽŵƉĂŶLJ͛Ɛ ƐƵďƐŝĚŝĂƌŝĞƐ ĂƌĞ ĂƐ ĨŽůůŽǁƐ͗
Name of subsidiaries
WƌŝŶĐŝƉĂů ĂĐƟǀŝƟĞƐͬ ŽƵŶƚƌLJ
ŽĨ ŝŶĐŽƌƉŽƌĂƟŽŶ ĂŶĚ ŽƉĞƌĂƟŽŶ
īĞĐƟǀĞ ĞƋƵŝƚLJ
interest of the Company
2015 2014
й й
'ĞŽ ŽĂů /ŶƚĞƌŶĂƟŽŶĂů WƚĞ͘ >ƚĚ͘ (a) ŽĂů ƚƌĂĚŝŶŐͬ^ŝŶŐĂƉŽƌĞ 100 100
Wd 'ĞŽ ŶĞƌŐLJ ŽĂůŝŶĚŽ (b) (c) /ŶǀĞƐƚŵĞŶƚ ŚŽůĚŝŶŐͬ/ŶĚŽŶĞƐŝĂ 99.00 99.00
ŽƌŶĞŽ /ŶƚĞƌŶĂƟŽŶĂů ZĞƐŽƵƌĐĞƐ
ഩWƚĞ͘ >ƚĚ͘ (a) (d) (f)
/ŶǀĞƐƚŵĞŶƚ ŚŽůĚŝŶŐͬ^ŝŶŐĂƉŽƌĞ 100 66.00
,ĞůĚ ďLJ Wd 'ĞŽ ŶĞƌŐLJ ŽĂůŝŶĚŽ
Wd DŝƚƌĂ ZŝĂƵ WƌĂƚĂŵĂ (b) (c) ZĞŶƚĂů ŽĨ ĞƋƵŝƉŵĞŶƚͬ/ŶĚŽŶĞƐŝĂ 98.99 98.99
Wd DŝƚƌĂ EĂƐŝŽŶĂů WƌĂƚĂŵĂ (b) (c) DŝŶŝŶŐͬ/ŶĚŽŶĞƐŝĂ 98.01 98.01
Wd ^ƵŵďĞƌ ĂƌĂ :ĂLJĂ (b) (c) DŝŶŝŶŐͬ/ŶĚŽŶĞƐŝĂ 98.90 98.90
Wd 'ĞŽ DŝŶĞƌĂů dƌĂĚŝŶŐ (b) (c) ŽĂů ƚƌĂĚŝŶŐͬ/ŶĚŽŶĞƐŝĂ 98.90 98.90
,ĞůĚ ďLJ Wd ^ƵŵďĞƌ ĂƌĂ :ĂLJĂ
Wd Ƶŵŝ ŶŐŐĂŶŐ <ŚĂƚƵůŝƐƟǁĂ (b) (c) DŝŶŝŶŐͬ/ŶĚŽŶĞƐŝĂ 98.88 98.88
,ĞůĚ ďLJ ŽƌŶĞŽ /ŶƚĞƌŶĂƟŽŶĂů ZĞƐŽƵƌĐĞƐ
ഩWƚĞ͘ >ƚĚ͘
Wd ƌĂ dŝŐĂ WƵƚƌĂ (c) (d) (e) /ŶǀĞƐƚŵĞŶƚ ŚŽůĚŝŶŐͬ/ŶĚŽŶĞƐŝĂ 99.00 ϲϱ͘ϯϰ
,ĞůĚ ďLJ Wd ƌĂ dŝŐĂ WƵƚƌĂ
Wd <ĂƌƵŶŝĂ DŝƚƌĂ ĞƌŬĂƚ (c) (d) (e) /ŶǀĞƐƚŵĞŶƚ ŚŽůĚŝŶŐͬ/ŶĚŽŶĞƐŝĂ 98.97 ϲϱ͘Ϭϴ
,ĞůĚ ďLJ Wd <ĂƌƵŶŝĂ DŝƚƌĂ ĞƌŬĂƚ
Wd ^ƵŶŐĂŝ ĂŶĂƵ :ĂLJĂ (b) (c) (d) (f) DŝŶŝŶŐͬ/ŶĚŽŶĞƐŝĂ 98.96 ϲϱ͘Ϭϳ
Notes
;ĂͿ ƵĚŝƚĞĚ ďLJ ĞůŽŝƩĞ Θ dŽƵĐŚĞ >>W͕ ^ŝŶŐĂƉŽƌĞ͘
;ďͿ ƵĚŝƚĞĚ ďLJ KƐŵĂŶ ŝŶŐ ^ĂƚƌŝŽ ĂŶĚ ŶLJ͕ /ŶĚŽŶĞƐŝĂ ;Ă ŵĞŵďĞƌ Įƌŵ ŽĨ ĞůŽŝƩĞ Θ dŽƵĐŚĞ dŽŚŵĂƚƐƵͿ͘
;ĐͿ hŶĚĞƌ ƚŚĞ /ŶĚŽŶĞƐŝĂŶ ŽŵƉĂŶLJ >Ăǁ͕ Ă ůŝŵŝƚĞĚ ůŝĂďŝůŝƚLJ ĐŽŵƉĂŶLJ ŝŶĐŽƌƉŽƌĂƚĞĚ ŝŶ /ŶĚŽŶĞƐŝĂ ŝƐ ƌĞƋƵŝƌĞĚ ƚŽ ŚĂǀĞ Ă ŵŝŶŝŵƵŵ ŽĨ ƚǁŽ
ƐŚĂƌĞŚŽůĚĞƌƐ͘ Ɛ Ă ƌĞƐƵůƚ͕ ĐĞƌƚĂŝŶ ƐƵďƐŝĚŝĂƌŝĞƐ ĂƌĞ ŚĞůĚ ďLJ Ă ŶŽŶͲĐŽŶƚƌŽůůŝŶŐ ŝŶƚĞƌĞƐƚ ƉĂƌƚLJ͘
;ĚͿ ƵƌŝŶŐ ƚŚĞ LJĞĂƌ ĞŶĚĞĚ ϯϭ ĞĐĞŵďĞƌ ϮϬϭϱ͕ ƚŚĞ 'ƌŽƵƉ ĂĐƋƵŝƌĞĚ ĂĚĚŝƟŽŶĂů ŝŶƚĞƌĞƐƚƐ ŝŶ ƚŚĞ ƐƵďƐŝĚŝĂƌLJ ĨƌŽŵ ŝƚƐ ŶŽŶͲĐŽŶƚƌŽůůŝŶŐ
ƐŚĂƌĞŚŽůĚĞƌ ;EŽƚĞ ϯϱͿ͘
(e) Not audited as deemed not material to the Group.
(f) The Group has pledged the shares of the subsidiaries to secure the advances received from a customer (Note 18).
dŚĞƌĞ ǁĞƌĞ ŶŽ ƐŝŐŶŝĮĐĂŶƚ ƌĞƐƚƌŝĐƟŽŶƐ ŽŶ ƚŚĞ ŽŵƉĂŶLJ Žƌ ŝƚƐ ƐƵďƐŝĚŝĂƌŝĞƐ͛ ĂďŝůŝƚLJ ƚŽ ĂĐĐĞƐƐ Žƌ ƵƐĞ ƚŚĞ ĂƐƐĞƚƐ ĂŶĚ ƐĞƩůĞ
ƚŚĞ ůŝĂďŝůŝƟĞƐ ŽĨ ƚŚĞ 'ƌŽƵƉ͘
dŚĞƌĞ ĂƌĞ ŶŽ ƐƵďƐŝĚŝĂƌŝĞƐ ƚŚĂƚ ŚĂǀĞ ŶŽŶͲĐŽŶƚƌŽůůŝŶŐ ŝŶƚĞƌĞƐƚƐ ƚŚĂƚ ĂƌĞ ŵĂƚĞƌŝĂů ƚŽ ƚŚĞ 'ƌŽƵƉ͘