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