by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
Wool Stocktake : AWI Annual Report 2017-18
NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2018 (CONTINUED) NOTE 23: RELATED PARTY TRANSACTIONS (CONTINUED) (f) Transactions with related parties The following transactions occurred with related parties: Consolidated 2018 2017 $ $ Sale of goods and services Sale of services relating to marketing and wool testing activities to key management personnel of the entity* 10,268 - Purchases of goods Purchases of goods and services relating to marketing and wool testing activites from key management personnel of the entity* 573,045 475,846 *For the period in which they held a key management personnel position. (g) Outstanding balances arising from sales or purchases of services The following balances are outstanding at the end of the reporting period in relation to transactions with related parties: Consolidated 2018 2017 $ $ Current receivables (sales of goods and services) Key management personnel of the entity 9,721 - Current payables (purchase of goods) Key management personnel of the entity 16,653 29,016 NOTE 24: CONTROLLED ENTITIES The consolidated financial statements incorporate the assets, liabilities and results of the following principal subsidiaries in accordance with the accounting policy described in note 1(b): Name of entity Country of incorporation Class of shares Equity holding 2018 2017 % % Subsidiaries controlled by Australian Wool Innovation Limited: Woolmark Holdings Pty Limited Australia Ordinary 100 100 Woolshare Nominees Pty Limited Australia Ordinary 100 100 Subsidiaries controlled by Woolmark Holdings Pty Limited: The Woolmark Company Pty Limited Australia Ordinary 100 100 Australian Merino Pty Limited Australia Ordinary 100 100 Digibale Pty Limited Australia Ordinary 100 100 Subsidiaries controlled by The Woolmark Company Pty Limited: Woolmark International Pty Ltd England Ordinary 100 100 IWS Nominee Company Limited England N/A 100 100 Woolmark (Americas) Inc. USA N/A 100 100 Stichting International Wool Secretariat Netherlands N/A 100 100 Wollsiegel Verband Germany N/A 100 100 Woolmark (Italy) SRL Italy Ordinary 100 100 The Woolmark Company (HK) Limited Hong Kong Ordinary 100 100 The Woolmark (Shanghai) Company Limited China Ordinary 100 100 Woolmark Services India Private Limited India Ordinary 100 100 94 FINANCIAL REPORT
AWI Annual Report 2016-17