Page 135 - Paladin Annual Report 2013

Notes to the Consolidated Financial Statements

For the year ended 30 June 2013

Pal ad in Energy Ltd  Annual report 2013 135

(c) Details of Any Contingent Liabilities of the Parent Entity

Paladin has provided the following guarantees:

i. Guarantee of US$20.3M for the LHM Environmental Trust Fund.

(d) Details of Any Contractual Commitments by the Parent Entity for the Acquisition of Property, Plant and Equipment

There are no contractual commitments by the parent entity for the acquisition of property, plant and equipment as at reporting date.

(e) Tax Consolidation

Paladin and its 100% owned Australian resident subsidiaries formed a tax consolidated group (the Group) with effect from 1 July 2003. Paladin is the head entity of the Group. Members of the Group have entered into a tax sharing agreement that provides that the head entity will be liable for all taxes payable by the Group from the consolidation date. The parties have agreed to apportion the head entity’s taxation liability within the Group based on each contributing member’s share of the Group’s taxable income and losses.

(f) Investments in Material Controlled Entities

NAME

INCORPORATION INVESTMENT

COUNTRY OF PERCENTAGE

INTEREST HELD 2013 2012

% %

Paladin Finance Pty Ltd Australia 100 100 Paladin Energy Minerals NL Australia 100 100 PEM Malawi Pty Ltd Australia 100 100 Eden Creek Pty Ltd Australia 100 100 Paladin (Africa) Limited Malawi 85 85 Kayelekera Holdings SA Switzerland 100 100 Paladin Netherlands BV Netherlands 100 100 Paladin Netherlands Holdings Cooperatief U.A. Netherlands 100 100 Langer Heinrich Mauritius Holdings Ltd Mauritius 100 100 Langer Heinrich Uranium (Pty) Ltd Namibia 100 100 Valhalla Uranium Pty Ltd Australia 100 100 Northern Territory Uranium Pty Ltd Australia 100 100 Mount Isa Uranium Pty Ltd Australia 100 100 Paladin Nuclear Ltd Australia 100 100 Summit Resources Ltd Australia 82 82 Summit Resources (Aust) Pty Ltd Australia 82 82 Pacifc Mines Pty Ltd Australia 82 82 Paladin NT Pty Ltd Australia 100 100 Fusion Resources Pty Ltd Australia 100 100 NGM Resources Pty Ltd Australia 100 100 Indo Energy Ltd B.V.I. 100 100 Paladin Energy Canada Ltd Canada 100 100 Michelin Uranium Ltd Canada 100 100 Paladin Canada Investment (NL) Ltd Canada 100 100 Paladin Canada Holdings (NL) Ltd Canada 100 100 Aurora Energy Ltd Canada 100 100

All investments comprise ordinary shares and all shares held are unquoted, with the exception of Summit’s shares which are quoted on the ASX and Paladin Netherlands Holdings Cooperatief U.A. which issues membership equity.

Note 30. PARENT ENTITY INFORMATION (continued)