DONACO INTERNATIONAL LIMITED 2018 ANNUAL REPORT 70 71 DONACO INTERNATIONAL LIMITED 2018 ANNUAL REPORT 71 70 NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 June 2018 NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 June 2018 NOTE 33. PARENT ENTITY INFORMATION Set out below is the supplementary information about the parent entity. PARENT 2018 2017 $ $ Statement of profit or loss and other comprehensive income Profit after income tax (344,111) 2,015,705 Total comprehensive income (344,111) 2,015,705 Statement of financial position Total current assets 22,588,546 19,672,065 Total assets 372,987,687 370,065,828 Total current liabilities 43,137,126 33,990,140 Total liabilities 43,179,534 33,982,653 Equity Issued capital 406,620,031 407,931,972 Employee share option reserve 2,809,651 3,295,396 Accumulated losses (79,621,529) (75,144,193) Total equity 329,808,153 336,083,175 GUARANTEES ENTERED INTO BY THE PARENT ENTITY IN RELATION TO THE DEBTS OF ITS SUBSIDIARIES As at 30 June 2018, the parent entity acts as a guarantor for the facility provided by Mega International Commercial Bank Co. Ltd to a controlled entity, Donaco Hong Kong Limited. CONTINGENT LIABILITIES The parent entity had no contingent liabilities as at 30 June 2018 and 30 June 2017. CAPITAL COMMITMENTS – PROPERTY, PLANT AND EQUIPMENT The parent entity had no capital commitments for property, plant and equipment at as 30 June 2018 and 30 June 2017. SIGNIFICANT ACCOUNTING POLICIES The accounting policies of the parent entity are consistent with those of the consolidated entity, as disclosed in note 1, except for the following: • investments in subsidiaries are accounted for at cost, less any impairment, in the parent entity • dividends received from subsidiaries are recognised as other income by the parent entity. NOTE 34. INTERESTS IN SUBSIDIARIES The consolidated financial statements incorporate the assets, liabilities and results of the following subsidiaries in accordance with the accounting policy described in note 1. OWNERSHIP INTEREST Name Principal place of business/ Country of incorporation 2018 2017 % % Donaco Australia Pty Ltd Australia 100 100 Donaco Singapore Pte Ltd Singapore 100 100 Donaco Holdings Ltd * British Virgin Islands 100 100 Donaco Holdings Sdn Bhd * Malaysia 100 100 Lao Cai International Hotel Joint Venture Company * Vietnam 95 95 Donaco Hong Kong Limited Hong Kong 100 100 Prime Standard Limited Hong Kong 100 100 Donaco Holdings (Hong Kong) Pte Ltd * Hong Kong 100 100 DNA Star Vegas Co. Limited ** Cambodia 100 100 Donaco Entertainment & Marketing (Thailand) Ltd * Thailand 49 49 Donaco Investment (S) Pte Ltd * Singapore 100 – * Subsidiary of Donaco Singapore Pty Ltd ** Subsidiary of Donaco Hong Kong Limited The principal activities of each subsidiary are: Donaco Australia Pty Ltd Dormant (previously operated New Zealand games service, discontinued in January 2015). Donaco Singapore Pte Ltd Holding company for Vietnamese casino operations. Donaco Holdings Ltd Cost centre for corporate operations. Donaco Holdings Sdn Bhd Cost centre for corporate operations. Donaco Holdings (Hong Kong) Pte Ltd Cost centre for corporate operations and marketing activities. Lao Cai International Hotel Joint Venture Company Operates Vietnamese casino operations. Donaco Hong Kong Limited Holding company for Cambodian casino operations. Prime Standard Limited Dormant (previously cost centre for corporate operations). DNA Star Vegas Co. Limited Operates Cambodian casino operations. Donaco Entertainment & Marketing (Thailand) Ltd Dormant (previously provided marketing services). While the ownership of this entity is below 50%, it is considered a controlled entity due to the provisions of the shareholders agreement which give the consolidated entity the right to appoint a majority of the board. Donaco Investment (S) Pte Ltd Investment company.