Abacus Property Group – Annual Financial Report 2017

ABACUS PROPERTY GROUP
NOTES TO THE FINANCIAL STATEMENTS
30 JUNE 2017
18. RELATED PARTY DISCLOSURES (continued)
(a) Subsidiaries (continued)
equity interest
2017 2016
Entity % %
Abacus Storage Operations Limited and its subsidiaries:
Abacus Storage NZ Operations Pty Limited 100 100
Abacus Storage Solutions Pty Limited 100 100
Abacus Storage Solutions NZ Pty Limited 100 100
Abacus USI C Trust 100 100
Abacus U Stow It A1 Trust 100 100
Abacus U Stow It B1 Trust 100 100
Abacus U Stow It A2 Trust 100 100
Abacus U Stow It B2 Trust 100 100
U Stow It Holdings Limited 100 100
U Stow It Pty Limited 100 100
Abacus Storage Property Trust and its subsidiary:
Abacus Storage NZ Property Trust 100 100
Abacus Diversified Income Fund II 17 17
Abacus Hospitality Fund 10 10
Abacus Wodonga Land Fund 15 15
Subsidiaries controlled by the Group with material non-controlling interest
Abacus Hospitality Fund: The Group is deemed to have control of AHF based upon the aggregate impact of (a)
the Group’s role as responsible entity of AHF and (b) the size and variable nature of returns arising from the
Group’s loans to AHF (as the loans provided by the Group to AHF rank pari passu for downside but not on upside
at fund wind up).
(Profit)/loss
Principal allocated to Accumulated
place of % held by NCI NCI
business NCI $'000 $'000
30 June 2017
Abacus Hospitality Fund Australia 90 (7,821) 40,840
30 June 2016
Abacus Hospitality Fund Australia 90 (4,204) 32,037
(b) Ultimate parent
AGHL has been designated as the parent entity of the Group
(c) Key management personnel
Details of payments are disclosed in Note 19.
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