Page 130 - S P Setia Annual Report 2013
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128 | Financial Statements S P SETIA BERHAD GROUP Annual Report 2013





NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2013 (CONT’D)






6. inVeStmentS in SUBSiDiaRY cOmPanieS (cOnt’D)

equity interest
Direct indirect country of
2013 2012 2013 2012 incorporation Principal activities
% % % %

Setia Jersey Investment - - 100 100 Jersey Investment holding
Holding Company Limited

+ Setia Lai Thieu One Member - - 95 95 Vietnam Property development
Company Limited

+ Setia (Melbourne) Development - - 100 100 Australia Property development
Company Pty Ltd

+ Setia St Kilda (Melbourne) Pty Ltd - - 100 100 Australia Property development
+ Setia Land (China) Limited - - 100 100 Hong Kong Investment holding

+ Setia (Hangzhou) Development - - - 100 Hong Kong Under members’
Company Limited voluntary liquidation

+ S P Setia International (S) Pte Ltd 100 100 - - Singapore Promotion, marketing
and other activities
related to property
development

+ S P Setia Development Pte Ltd 100 100 - - Singapore Dormant

* Not audited by Mazars, Malaysia
+ Audited by member frms of Mazars in the respective countries
# Became a jointly controlled entity during the fnancial year
^ Became an associated company during the fnancial year


7. inVeStmentS in aSSOciateD cOmPanieS

Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000

Unquoted ordinary shares, at cost 2,022 3,022 650 650
Group’s share of post-acquisition profts less losses 67 (731) - -
Impairment loss (400) (400) - -
1,689 1,891 650 650
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