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Wool Stocktake : AWI Annual Report 2008-09
Notes to the financial statements 30 June 2009 ( c o n t i n u e d ) NOTE 31: Business combination In the previous financial year, the Group acquired 100% of the issued shares of The Woolmark Company Pty Ltd. The finalisation of the acquisition accounting during 2009 resulted in a reduction in net tangible assets acquired (excluding cash balances) of $1,262,000, which was offset by a cash refund received from Graziers' Investment Company Limited of an equivalent amount. There were no changes to the value of intangible assets acquired. NOTE 32: Controlled entities The consolidated financial statements incorporate the assets, liabilities and results of the following subsidiaries in accordance with the accounting policy described in note 1(b): 2008 % Australian Wool Innovation LLC USA Ordinary 100 Woolmark Holdings Pty Limited Australia Ordinary 100 Woolshare Nominees Pty Limited Australia Ordinary 100 The Woolmark Company Pty Ltd Australia Ordinary 100 Australian Merino Pty Ltd Australia Ordinary 100 Woolmark International Pty Ltd England Ordinary 100 IWS Nominee Company Limited England N/A 100 Woolmark (Americas) Inc. USA N/A 100 Stichting International Wool Secretariat Netherlands N/A 100 Osterrelchischer Wollsiegel-Verband des Internationalen Vollsekretariates Austria N/A 100 Wollsiegel Verband Germany N/A 100 IWS Marke AG Switzerland Ordinary 100 Woolmark (Italy) SRL Italy Ordinary 100 The Woolmark Company (HK) Limited Hong Kong Ordinary 100 The Woolmark Company (Shanghai) Limited China Ordinary 100 Woolmark Services India Private Limited India Ordinary 100 Secretariado International De La Lana SA Mexico N/A 100 International Wool Secretariat SA de C.V. Mexico Ordinary 100
AWI Annual Report 2007-08
AWI Annual Report 2009-10