Baker Technology LimitedAnnual Report 2014
117
13.
Investment in subsidiaries (cont’d)
The subsidiaries for the financial year ended 31December are:-
Subsidiaries
(Country of incorporation)
Cost of
investment
Percentage
of equity
heldby
theGroup
Principal activities (Placeof
business)
2014
2013 2014 2013
$
$
%
%
(1)
SeaDeepShipyardPte. Ltd.
(Singapore)
20,000,000
20,000,000
100
100 Manufacturer andprovider
of specialisedmarine
offshoreequipment and
services for theoil andgas
industry
(Singapore)
(1)
Baker EngineeringPte. Ltd.
(Singapore)
- incorporatedon 22May 2013
6,000,000
1,000,000
100
100 Design and fabrication
of offshore andmarine
equipment
(Singapore)
(1)
BT Investment Pte. Ltd.
(Singapore)
- incorporatedon19September2013
1
1
100
100 Investment holding
(Singapore)
26,000,001
21,000,001
The subsidiaryof SeaDeepShipyardPte. Ltd. is :-
(1)
Interseas Shipping
(Private) Limited
(Singapore)
200,000
200,000
100
100 Manufacturer andprovider
of specialisedmarine
offshoreequipment and
services for theoil andgas
industry
(Singapore)
The subsidiaryof Baker EngineeringPte. Ltd. is :-
(1)
BELDesignPte. Ltd.
(Singapore)
- incorporatedon24February2014
1
–
100
– Design andengineeringof
offshore andmarine vessels
andequipment(Singapore)
(1)
AuditedbyErnst &Young LLP, Singapore
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31December 2014
