94 / 116
NOTE 13
SUBSIDIARIES
NOTE 14
CONTINGENCIES
Significant investment in subsidiaries
The consolidated financial statements incorporate the assets, liabilities and results of the following
principal non - operating subsidiaries in accordance with the accounting policy described in note 21(d):
Name of subsidiary
Country of incorporation
Equity holding
2016
%
2015
%
ARTC Services Company Pty Ltd
Australia
100
100
Standard Gauge Company Pty Ltd
Australia
100
100
The Group accounts for costs associated with rectifying rail access related incidents following their
occurrence. Income from subsequent insurance and other recoveries are only recognised when there
is a contractual arrangement in place and the income is virtually certain of being received. As a result,
certain potential insurance and or other recoveries have not been recognised at year end, as their
ultimate collection is not considered virtually certain.
92