Wattyl - Notes forming part of the financial statements

Notes forming part of the financial statements (continued)

Note 36. Investments in controlled entities

Country of incorporation Ordinary Ordinary
and place of business shares shares
%%

2007 2006
Wattyl Australia Pty Limited (3) Australia 100 100
Wattyl Group Investments Pty Limited (1) Australia 100 100
Wattyl Group Superannuation Pty Limited (1) Australia 100 100
Wattyl Australian Superannuation Pty Limited (1) Australia 100 100
Spartan Paints Pty Limited (1) Australia 100 100
Colours and Chemicals Pty Limited (3) Australia 100 100
Killrust Pty Limited (1) Australia 100 100
PT Wattyl Dimet Indonesia (in liquidation) (2) Indonesia 95 95
Dimet (Malaysia) Sdn Bhd (in liquidation) (2) Malaysia 100 100
Wattyl (US) Limited (2) USA 100 100
Wattyl No. 2 Inc (2) USA 100 100
Premier Coatings Inc (2) USA 100 100
Wattyl No. 3 Inc (2) USA 100 100
Wattyl No. 1 Inc (2) USA 100 100
Wattyl Pty Limited (1) Australia 100 100
Wattyl (NZ) Limited (4) New Zealand 100 100
National Paint Products Pty Limited (1) Australia 100 100
H.D. Coatings Pty Limited (1) Australia 100 100
Pascol Holdings Pty Limited (3) Australia 100 100
Pascol Paints Aust Pty Limited (3) Australia 100 100
G Ward & Sons Pty Limited (1) Australia 100 100
Wattyl Holdings Pty Ltd (3) Australia 100 100
Wattyl Australia Group Pty Ltd (1) Australia 100 100
W.P. Crowhurst Pty Limited (3) & (5) Australia 100 100

(1)
Company for which audited financial statements are not required, but which is party to the deed of cross guarantee – refer note 37

(2)
Company for which audited financial statements are not required

(3)
The controlled entities have been granted relief from the necessity to prepare financial statements in accordance with Class Order 98/1418 issued by the
Australian Securities and Investments Commission – refer note 37

(4)
Companies audited by other PricewaterhouseCoopers firms

(5)
W. P. Crowhurst Pty Ltd was formerly a wholly owned subsidiary of Wattyl Australia Pty Ltd

(6)
Wattyl Paint Corporation and Coronado Transportation Inc were liquidated during the year

Outside equity interests in controlled entities

The following controlled entity has issued ordinary shares to outside equity interests:

Total issued and Shares held by Equity holding of
paid-up capital outside interests outside interests

2007
$’000
2006
$’000
2007
Number
2006
Number
2007
%
2006
%
PT Wattyl Dimet Indonesia 98 98 13,750 13,750 5 5

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