Donaco International Limited / 2017 Annual Report Donaco International Limited / 2017 Annual Report 74 75 75 Donaco International Limited / 2017 Annual Report Donaco International Limited / 2017 Annual Report 74 Notes to the Financial Statements for the year ended 30 June 2017 Notes to the Financial Statements for the year ended 30 June 2017 Summarised financial information Summarised financial information of the subsidiary with non-controlling interests that are material to the consolidated entity are set out below: Lao Cai International Hotel Joint Venture Company 2017 2016 $ $ Summarised Statement of Financial Position Current assets 14,894,013 14,098,132 Non-current assets 54,766,529 58,391,246 Total assets 69,660,542 72,489,378 Current liabilities 18,413,616 20,060,871 Non-current liabilities 13,326,362 17,514,202 Total liabilities 31,739,978 37,575,073 Net assets 37,920,564 34,914,305 Summarised Statement of Profit or Loss and Other Comprehensive Income Revenue 26,186,141 22,659,016 Expenses (19,093,638) (18,690,367) Profit before income tax expense 7,092,503 3,968,649 Income tax expense (880,886) (296,582) Profit after income tax expense 6,211,617 3,672,067 Other comprehensive income â€“ â€“ Total comprehensive income 6,211,617 3,672,067 Statement of Cash Flows Net cash from operating activities 13,982,466 8,794,600 Net cash used in investing activities (1,556,309) (685,635) Net cash used in financing activities (9,897,377) (2,483,479) Net decrease in cash and cash equivalents 2,528,780 5,625,486 Other financial information Profit attributable to non-controlling interests 198,751 149,883 Accumulated non-controlling interests at the end of reporting period 1,335,096 1,136,345 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 Principal place of business/ country of incorporation 2017 2016 Name % % 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% * 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 Cost centre for corporate operations. DNA Star Vegas Co., Limited Operates Cambodian casino operations. Donaco Entertainment & Marketing (Thailand) Ltd Provision of 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.