Rangatira Annual Report 2023 - Flipbook - Page 63
Ra n g a t i ra An n u a l Re p ort 2023
Rangatira Group
Notes to the Consolidated
Financial Statements (continued)
For the year ended 31 March 2023
Note 22 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. 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
statements.
All subsidiary companies have balance dates of 31 March and are incorporated in New Zealand with the exception of Bio-Strategy Pty
Limited, which is incorporated in Australia.
Subsidiary
Principal activities
Ownership at 31 March
2023
2022
Auckland Packaging Company Limited
Packaging
100%
100%
Bio-Strategy Holdings Limited
Distribution of scientific equipment
70%
70%
Bio-Strategy Laboratory Products Pty Limited (I)
Distribution of scientific equipment
70%
70%
Bio-Strategy Limited
Distribution of scientific equipment
70%
70%
Bio-Strategy Pty Limited
Distribution of scientific equipment
70%
70%
Boulcott Hold Co Limited
Private Hospital
69%
100%
Domett Properties Limited
Property
68%
68%
Global Science 1 (I)
Distribution of scientific equipment
70%
70%
Global Science 2
Distribution of scientific equipment
70%
70%
Global Science GP (I)
Distribution of scientific equipment
70%
70%
Global Science LP
Distribution of scientific equipment
70%
70%
Mrs Higgins (2004) Limited
Manufacturing
100%
50%
NZ Experience Limited
Theme park operator
100%
100%
Polynesian Spa Limited
Tourism
51%
51%
Rainbow's End Theme Park Limited
Theme park operator
100%
100%
Rangatira Ventures Limited
Special purpose investment
100%
100%
Tongariro Invt Limited
Special purpose investment
0%
100%
Watt Land Company Limited
Trading investment
100%
100%
(I)
(I)
(I)
Non trading subsidiaries.
Tongariro Invt Limited has been dormant for 2 years since the disposal of its investment in Precision Dispensing Systems Ltd in
October 2020, and consequently was removed from the Companies Office register on 15 March 2023.
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