Rangatira Investments Annual Report 2021 - Report - Page 56
Ran ga tira Annua l R ep or t 2 0 2 1
Notes to the Consolidated
Financial Statements (continued)
For the year ended 31 March 2021
Note 18 Capital Commitments
Plant and equipment
Other capital commitments are for investment funds that are under contract but not invested in at balance date.
Note 19 Contingent Liabilities
There are no significant contingent liabilities (2020: nil).
Note 20 Subsidiary Associate and Joint Venture Companies
The Group financial statements are prepared by consolidating the financial statements of Rangatira Limited and its subsidiaries as
defined in NZ IAS 27 Consolidated and Separate Financial Statements. Consistent accounting policies are employed in the preparation
and presentation of the financial statements.
Subsidiaries are entities controlled by the Group. Control exists when the Group has the power to govern the financial and operating
policies of an entity so as to obtain benefits from its activities. Associates are those entities in which the Group has significant
influence, but not control, over the financial and operating policies.
Subsequent to initial recognition, investments in associates are accounted for under the equity method in the Group financial