81
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
16.
Investment in subsidiaries
Company
2014
2013
$’000
$’000
Unquoted shares at cost
515,312
423,895
Impairment losses
(179,972)
(179,972)
Carrying amount of investments
335,340
243,923
During the financial year, there was no impairment charge (2013: $Nil) as the carrying value was lower than the recoverable
amount. The impairment loss provided on subsidiaries represents the write-down of subsidiaries to recoverable amounts
based on the economic performance of the subsidiary group.
Details of significant investment in subsidiaries are as follows:
Name of company
(Country of incorporation)
Principal activities/
Country of business
Percentage of
equity interest held
2014
2013
%
%
Held by the Company
Chi Wo Plastic Moulds Fty.
Limited
(2)
(Hong Kong)
Manufacturing and sale of mould and plastic injection
products, trading of car audio equipment and
investment holding
(Hong Kong)
100
100
Omni Mold Ltd
(1)
(Singapore)
Design, manufacturing, marketing and export of high
precision steel moulds
(Singapore)
100
100
Sunningdale Tech (Malaysia)
Sdn Bhd (formerly known as
Podoyo Plastics Industries (M)
Sdn Bhd)
(2)
(Malaysia)
Manufacturer of plastic products in video front panels,
office automation products and sub-assembly of
paper feeders for printers and computer components
(Malaysia)
100
100
Sunningdale Precision
Industries Ltd
(1)
(Singapore)
Precision mould making, injection moulding of
precision engineering plastic components, as well as
contract manufacturing of assembled plastic products
(Singapore)
100
100
Sunningdale Tech (Europe)
Holding Pte Ltd
(1)
(Singapore)
Investment holding
(Singapore)
100
100
Sunningdale Technologies S.A.
de C.V.
(2)
(Mexico)
Manufacturing and sale of precision plastic injection
moulding products
(Mexico)
100*
100*
