| Summary of financial information for the subsidiaries of non-controlling interests |
Summarized
financial information for the Company’s subsidiaries that have non-controlling interests is set out below. The amounts are before
intercompany eliminations.
Summary of financial
information for the subsidiaries of non-controlling interests
| As at June 30, 2026: | |
Current
assets | | |
Non-current
assets | | |
Current
liabilities | | |
Non-current
liabilities | | |
Net assets
(liabilities) | | |
Carrying
amount of NCI | |
| 2467264 Ontario Inc. | |
$ | 2 | | |
$ | - | | |
$ | (928 | ) | |
$ | - | | |
$ | (926 | ) | |
$ | (45 | ) |
| OFIT RT | |
| 111 | | |
| 1,743 | | |
| (166 | ) | |
| (1,537 | ) | |
| 151 | | |
| 508 | |
| | |
$ | 113 | | |
$ | 1,743 | | |
$ | (1,094 | ) | |
$ | (1,537 | ) | |
$ | (776 | ) | |
$ | 463 | |
| As at June 30, 2025: | |
Current
assets | | |
Non-current
assets | | |
Current
liabilities | | |
Non-current
liabilities | | |
Net assets
(liabilities) | | |
Carrying
amount of NCI | |
| 2467264 Ontario Inc. | |
$ | 2 | | |
$ | - | | |
$ | (928 | ) | |
$ | - | | |
$ | (926 | ) | |
$ | (45 | ) |
| OFIT RT | |
| 156 | | |
| 1,747 | | |
| (136 | ) | |
| (1,510 | ) | |
| 257 | | |
| 564 | |
| | |
$ | 158 | | |
$ | 1,747 | | |
$ | (1,064 | ) | |
$ | (1,510 | ) | |
$ | (669 | ) | |
$ | 519 | |
| As at June 30, 2024: | |
Current
assets | | |
Non-current
assets | | |
Current
liabilities | | |
Non-current
liabilities | | |
Net assets
(liabilities) | | |
Carrying
amount of NCI | |
| 2467264 Ontario Inc. | |
$ | 2 | | |
$ | - | | |
$ | (928 | ) | |
$ | - | | |
$ | (926 | ) | |
$ | (45 | ) |
| OFIT GM | |
| 561 | | |
| 4,237 | | |
| (771 | ) | |
| (4,039 | ) | |
| (12 | ) | |
| 1,766 | |
| OFIT RT | |
| 160 | | |
| 1,768 | | |
| (98 | ) | |
| (1,569 | ) | |
| 261 | | |
| 640 | |
| | |
$ | 723 | | |
$ | 6,005 | | |
$ | (1,797 | ) | |
$ | (5,608 | ) | |
$ | (677 | ) | |
$ | 2,361 | |
POWERBANK
CORPORATION
Notes to Consolidated Financial Statements
(Expressed in thousands of Canadian dollars, except per share amounts
and as otherwise indicated)
For the years ended June 30, 2026, 2025 and 2024
| 23. | Non-controlling
interests (continued): |
| | |
Year ended June 30, 2026 | |
| | |
Comprehensive
income (loss) | | |
Allocated to NCI | |
| OFIT RT | |
$ | (101 | ) | |
$ | (50 | ) |
| 2467264 Ontario Inc. | |
$ | - | | |
$ | - | |
| | |
Year ended June 30, 2025 | |
| | |
Comprehensive
income (loss) | | |
Allocated to NCI | |
| OFIT RT | |
$ | (152 | ) | |
$ | (76 | ) |
| 2467264 Ontario Inc. | |
$ | - | | |
$ | - | |
| | |
Year ended June 30, 2024 | |
| | |
Comprehensive
income (loss) | | |
Allocated to NCI | |
| 2467264 Ontario Inc. | |
$ | 156 | | |
$ | - | |
| OFIT GM | |
| (160 | ) | |
| (80 | ) |
| OFIT RT | |
| (60 | ) | |
| (30 | ) |
| Solar Alliance DevCo LLC | |
| 61 | | |
| 15 | |
| | |
$ | (3 | ) | |
| (95 | ) |
| | |
Year
ended June 30, 2026
| |
| | |
Net cash flows from
operating activities | | |
Net cash flows from
investing activities | | |
Net cash flows
used in financing activities | |
| 2467264 Ontario Inc. | |
$ | - | | |
$ | - | | |
$ | - | |
| OFIT RT | |
$ | (9 | ) | |
$ | - | | |
$ | (85 | ) |
| | |
Year
ended June 30, 2025
| |
| | |
Net cash flows from
operating activities | | |
Net cash flows from
investing activities | | |
Net cash flows
used in financing activities | |
| 2467264 Ontario Inc. | |
$ | - | | |
$ | - | | |
$ | - | |
| OFIT RT | |
$ | 71 | | |
$ | - | | |
$ | (58 | ) |
| | |
Year
ended June 30, 2024
| |
| | |
Net cash flows from
operating activities | | |
Net cash flows from
investing activities | | |
Net cash flows
used in financing activities | |
| 2467264 Ontario Inc. | |
$ | 2 | | |
$ | - | | |
$ | - | |
| OFIT GM | |
| 434 | | |
| 243 | | |
| (289 | ) |
| OFIT RT | |
| 25 | | |
| 201 | | |
| (106 | ) |
|