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20. Interests In Other Entities

ASC PTY LTD
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS -CONTINUED
For the year ended 30 June 2019

a. Material subsidiaries

The Company's principal subsidiaries at 30 June 2019 are set out below. Unless otherwise stated, they have share capital consisting solely of ordinary shares that are held directly by the Company, and the proportion of ownership interests held equals the voting rights held by the Company. The country of incorporation or registration is also their principal place of business.

Name of entity

Place of business/ country of incorporation

Ownership interest held by the group

Principal activities

2019 %

2018 %

ASC AWD Shipbuilder Pty Ltd

Australia

100

100

Part of the alliance executing the AWD program

ASC OPV Shipbuilder Pty Ltd

Australia

100

-

Construction of two Offshore Patrol Vessels

ASC Shipbuilding Pty Limited

Australia

-

100

Employs labour for the AWD Program

ASC Modules Pty Ltd

Australia

100

100

Dormant

Deep Blue Tech Pty Ltd

Australia

100

100

Dormant

All subsidiaries have reporting dates of 30 June.

ASC Shipbuilding Pty Limited was separated from the ASC Group on 13 December 2018 and ASC OPV Shipbuilder Pty Ltd was established on 10 August 2018.