NOTE 14
CONTINGENCIES
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.
NOTE 13
SUBSIDIARIES
(a) Significant investments 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 1(g):
Name of entity
Country of incorporation
Equity holding
2014
2013
ARTC Services Company Pty Ltd
Australia
100%
100%
Standard Gauge Company Pty Ltd
Australia
100%
100%
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