84
SUNNINGDALE TECH LTD
ANNUAL REPORT 2014
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
NOTES TO THE FINANCIAL STATEMENTS
Name of company
(Country of incorporation)
Principal activities/
Country of business
Percentage of
equity interest held
2014
2013
%
%
Held through Sunningdale Tech (Europe) Holding Pte Ltd
AS Sunningdale Tech (Latvia)
(2)
(Latvia)
Manufacture, production and sale of plastic products
(Latvia)
100
100
SIA Sunningdale Tech (Riga)
(2)
(Latvia)
Manufacture, production and sale of plastic products
(Latvia)
100
100
Held through First Engineering Limited
First Engineering (Guangzhou)
Co., Ltd.
(2)
(People’s Republic of China)
Manufacture and sale of precision moulds and
precision engineering components
(People’s Republic of China)
100
–
First Engineering (Shanghai)
Co., Ltd
(2)
(People’s Republic of China)
Manufacture and sale of precision moulds and
precision engineering components
(People’s Republic of China)
100
–
First Engineering (Suzhou)
Co., Ltd
(2)
(People’s Republic of China)
Manufacture and sale of precision moulds and
precision engineering components
(People’s Republic of China)
100
–
First Engineering Plastics
(Malaysia) Sdn Bhd
(2)
(Malaysia)
Manufacture and sale of precision moulds and
precision engineering components
(Malaysia)
100
–
First Engineering Plastics India
Private Limited
(2)
(India)
Manufacture and sale of precision moulds and
precision engineering components
(India)
100
–
First Engineering Decorative
(Suzhou) Co., Ltd
(2)
(People’s Republic of China)
Manufacture and sale of painted and laser etched
plastic parts
(People’s Republic of China)
100
–
(1)
Audited by Ernst & Young LLP, Singapore
(2)
Audited by member firms of EY Global in the respective countries
(3)
Audited by Tianjin Guangxin Certified Public Accountants Co., Ltd
*
17.0% of equity held by the Company and 83.0% of equity held by Sunningdale Precision Industries Ltd
**
70.0% of equity held by the Company and 30.0% of equity held by Sunningdale Precision Industries Ltd
#
Newly acquired during the year
16.
Investment in subsidiaries (cont’d)
