Sunbridge Shareholders, page-195

If subsidiaries are fully owned then their bank accounts need to be consolidated into the parents for all reporting purposes. The 4c should show the total cash under control of the company at the reporting date. In this case, 30 June for the half yearly.

Under which countries rules does that apply taconinja? and the other problem is that the cash is in China so Sunbridge does not have it which what was raised a lot that the cash should be here in Australia getting better interest and for confidence.

With the cash in China it would be controlled by one or all of the subs so how would that get consolidated? I understand grant thorton would need to ring and check where the cash is but what if its in a few places?