SUMMARY CONSOLIDATED FINANCIAL STATEMENTS 109
SUMMARY CONSOLIDATED FINANCIAL STATEMENTS PREPARED FROM THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE INTERNATIONAL CRICKET COUNCILANDITS SUBSIDIARIES FOR THE YEAR ENDED 31 DECEMBER 2018
NOTES TO SUMMARY CONSOLIDATED FINANCIAL STATEMENTS (continued)
2 BASIS OF PREPARATION (continued) The aforementioned financial statements comprise the financial statements as at 31 December 2018 of the ICC and its following subsidiaries (“the ICC Group”):
Name of the subsidiary
ICC Business Corporation FZ-LLC (IBC)
ICC Development (International) Limited (IDI)*
ICC Americas Country of incorporation United Arab Emirates
Percentage shareholding 2018
2017 100% 100%
To manage the commercial rights relating to cricket events of ICC from 1 July 2015.
British Virgin Islands 100% 100%
To manage the commercial rights relating to cricket events of ICC up until 30 June 2015.
United States of America
No shares issued. ICC is the sole member.
International Cricket Council FZ-LLC United Arab Emirates 100% -
To administer, develop, co-ordinate and promote the sport of cricket throughout the Americas region.
100%
To provide administrative services to ICC group companies. From 1 January 2018, this includes managing the ICC Development Program.
The following are the Subsidiaries of IDI: Name of the subsidiary
ICC (Events) Ltd* IDI Hungary Kft* IDI Mauritius Ltd* Principal activities
Country of incorporation Cyprus Hungary Mauritius
Percentage shareholding 2018
2017 - - 100% 100% 100% 100%
To manage certain commercial rights of IDI.
To manage certain commercial rights of IDI.
To manage certain commercial rights of IDI.
*Following a formal review of the business requirements and the corporate structure of the ICC, the ICC Board of Directors have resolved that IDI and its subsidiaries in Cyprus, Hungary and Mauritius will be liquidated. As of 31 December 2018, ICC (Events) Ltd and IDI Hungary Kft has been liquidated. The closure process for IDI Mauritius Ltd is underway and is expected to be completed by end of 2019. Upon closure of IDI Mauritius Ltd, management intends to liquidate IDI. These entities do not undertake any significant commercial transactions.
Principal activities
ICC Annual Report 2018-2019
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112
