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Annual Report 2014 | S P SETIA BERHAD GROUP | 145

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

6. INVESTMENTS IN SUBSIDIARY COMPANIES (CONT’D)

Equity interest

Direct

Indirect

Country of

2014

2013

2014

2013 incorporation Principal activities

% % % %

Setia Australia Limited

-

-

100

100

British Virgin

Islands

Investment holding

Setia Lai Thieu Limited

-

-

95

95

British Virgin

Islands

Investment holding

Setia Jersey Investment Holding

Company Limited

-

-

100

100

Jersey

Investment holding

+

Setia Lai Thieu One Member

Company Limited

-

-

95

95

Vietnam Property development

+

Setia (Melbourne) Development

Company Pty Ltd

-

-

100

100

Australia

Property development

+

Setia St Kilda (Melbourne) Pty Ltd

-

-

100

100

Australia

Property development

+

Setia Land (China) Limited

-

-

100

100

Hong Kong Investment holding

+

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

#

S P Setia Foundation

-

-

-

-

Malaysia

A trust established

under the provision of

Trustees (Incorporation)

Act 1952, for promotion

and advancement of

education, research

and dissemination of

knowledge

*

Setia Badminton Academy

-

-

-

-

Malaysia

A trust established

under the provision of

Trustees (Incorporation)

Act 1952, for promotion

of badminton

* Not audited by Mazars, Malaysia

+ Audited by member firms of Mazars in the respective countries

# The financial year of these entities ends on 31 December

#