IOOF  | Annual Report 2012 (a) The investment in Perennial Fixed Interest Partners Pty Ltd is through Perennial Investment Partners Ltd which directly holds a 70.2% (2011: 70.2%) shareholding in this  entity and through IOOF Holdings Ltd which directly holds a 4.5% (2011: 4.5%) shareholding in this entity. (b) The Group is currently in the process of deregistration of this dormant subsidiary in accordance with a corporate simplification project. A subsidiary of the Company, IOOF Ltd, is a friendly society in accordance with the Life Insurance Act 1995. Balances below are  disclosed inclusive of amounts receivable from or paid/payable to Group entities. Investments held in the life insurance Statutory Funds (including the Benefit Funds) are subject to the distribution and transfer  restrictions and other requirements of the Life Insurance Act 1995. Monies held in the benefit funds and controlled trusts are held for  the benefit of the members of those funds, and are subject to the constitution and rules of those funds. Accordingly, with the exception of permitted profit distributions, the investments held in the statutory funds are not available for use  by other parties of the Group. page 117 40 Statutory Funds (a) Assets relating to Insurance Business  Country of  incorporation Ownership interest Note 2012 2011 % % Ord Minnett Ltd   Australia  70.0  70.0  Ord Minnett Financial Planning Pty Ltd   Australia  70.0  70.0  Ord Minnett Management Ltd  Australia  70.0  70.0  A.C.N. 003 331 726 Pty Ltd  Australia  70.0  70.0  Contango Nominees Pty Ltd  Australia  70.0  70.0  Beaglemoat Nominees Pty Ltd   Australia  70.0  70.0  Minnett Nominees Pty Ltd  Australia  70.0  70.0  Caltowie Investments Pty Ltd   Australia  70.0  70.0  Ord Minnett Prime Nominees Pty Ltd   Australia  70.0  70.0  AETOML Nominees Pty Ltd   Australia  70.0  70.0  OMPL Pty Ltd  Australia  70.0  70.0  OMPYF Nominees Pty Ltd  Australia  70.0  70.0  IOOF Executive Performance Share Plan Trust  Australia  100.0  100.0  Statutory 2012 2011 $’000 $’000 Cash at bank 5,428  6,269  Receivables 10,333  13,836  Certificates of deposit and bank bills - 46,672  Debt securities 43  180,084  Shares in listed companies 15,400  18,815  Unlisted unit trusts 737,74 0 680,841  Derivatives 8  35  Loans to policyholders 9,456  9,530  Mortgages 38  117 Margin accounts 1,489  1,771  Deferred tax assets 18,823  10,047  Investments backing policyholder liabilities designated at fair value through profit or loss 798,758  968,017 