Wellcom_FY11-Financial-Report

31 wellcom group limited notes to the consolidated

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Unformatted text preview: lude the results of Wellcom Group Pte Ltd for the entire financial year. The financial statements of the subsidiary have been prepared using consistent accounting policies. 31 Wellcom Group Limited Notes to the Consolidated Financial Statements 2. Summary of significant accounting policies (continued) For personal use only c) Basis of consolidation (continued) Wellmalaysia Sdn Bhd is 100% owned by Wellcom Group Ltd. The consolidated financial statements include the results of Wellmalaysia Sdn Bhd from the date of incorporation (refer to note 29). The financial statements of the subsidiary have been prepared using consistent accounting policies. iPrint Corporate Pty Ltd was acquired by Wellcom Group Ltd on 30 June 2011 (refer to note 30) and is 100% owned by the Group. The consolidated financial statements include the results of iPrint Corporate Pty Ltd from the date of acquisition and the financial statements of the subsidiary have been prepared using consistent accounting policies. Prior to acquisition Wellcom Group Ltd held a 50% joint venture interest in iPrint Corporate Pty Ltd (refer to note 2 (c) (ii) below). All subsidiaries are f...
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This document was uploaded on 02/06/2014.

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