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82

25 BUSINESS COMBINATIONS

(a) Summary of acquisition

In May 2014, the Group acquired the remaining 18 percent of the issued shares of Hamilton Riverview Hotel Limited for a

purchase consideration of $5m. The Group now holds 100 percent of the equity share capital of Hamilton Riverview Hotel

Limited. Details of the acquisition can be found in the 2015 financial statements.

26 TRUST STRUCTURE

(a) Subsidiaries:

Charitable

Status

Principal activity

Ownership and voting

interest

2016

2015

The Trust owns the following subsidiaries, which form the

Economic entity. All subsidiaries have a March balance date.

Hamilton Riverview Hotel Limited

Yes

Hotel

100% 100%

Raukura Moana Seafoods Limited

Yes

Fishing

100% 100%

Raukura Whare Limited

Yes

Investment

100% 100%

Ruakura Limited

Yes

Property

100% 100%

Tainui Auckland Airport Hotel LP

No

Hotel

70%

70%

Tainui Auckland Airport Hotel GP Limited

No

Hotel

70%

70%

Tainui Development Limited

Yes

Property

100% 100%

TGH Fixed Income Limited

Yes

Property

100% 100%

Tainui Group Holdings Limited

Yes

Investment

100% 100%

TDL No. 1 Limited

Yes

Hotel

100% 100%

TDL No. 2 Limited

Yes

Direct Investment

100% 100%

TDL No. 3 Limited

Yes

Direct Investment

100% 100%

TGH Direct Investments Limited

Yes

Direct Investment

100% 100%

TGH Equities Limited

No

Equities

100% 100%

TGH Farms and Forestry Limited

Yes

Primary Industries

100% 100%

TGH Hotels Limited

Yes

Hotel

100% 100%

TGH Property Limited

Yes

Property

100% 100%

TGH Primary Industries Limited

Yes

Primary Industries

100% 100%

The Base Limited

Yes

Property

100% 100%

Waikato-Tainui Distributions Limited

No

Investment

100% 100%

Waikato-Tainui Fisheries Limited

No

Fishing

100% 100%

Waikato-Tainui Koiora Collective LP

No

Investment

100% 100%

Waikato-Tainui Koiora Limited

No

Investment

100% 100%

Te Whakakitenga o Waikato Incorporated

Yes

Investment

100% 100%

Waikato-Tainui Tribal Authority LP

No

Investment

100% 100%

Waikato Raupatu River Trust

No

Investment

100% 100%

Golden Koi Industries GP Limited

No

Investment

60%

0%

The Group purchased the non-controlling interest in Hamilton Riverview Hotel Limited in May 2014 (see note 25).

WAIKATO RAUPATU LANDS TRUST

Notes to the financial statements

FOR THE YEAR ENDED 31 MARCH 2016