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Home > Financial Statements > Statutory Reports > Notes to the Financial Statements
47. SUBSIDIARIES

Details of significant subsidiaries are as follows:

 

 

Effective equity held by the Group

 

 

2008

2007

Name of significant subsidiaries

Country of incorporation

%

%

 

 

 

 

Utilities

 

 

 

Sembcorp Utilities Pte Ltd

Singapore

100

100

Sembcorp Cogen Pte Ltd

Singapore

100

100

Sembcorp Gas Pte Ltd

Singapore

70

70

Sembcorp Air Products (Hyco) Pte Ltd

Singapore

60

60

Sembcorp Utilities (UK) Limited

The United Kingdom

100

100

 

 

 

 

Marine

 

 

 

Sembcorp Marine Ltd

Singapore

61.55

60.86

Jurong Shipyard Pte Ltd

Singapore

61.55

60.86

PPL Shipyard Pte Ltd

Singapore

52.32

51.73

Sembawang Shipyard Pte Ltd

Singapore

61.55

60.86

SMOE Pte Ltd

Singapore

61.55

60.86

 

 

 

 

Environment

 

 

 

Sembcorp Environment Pte. Ltd. (formerly known as Sembcorp Environmental Management Pte. Ltd.)

Singapore

100

100

SembWaste Pte Ltd

Singapore

100

100

 

 

 

 

Industrial Parks

 

 

 

Sembcorp Industrial Parks Ltd (formerly known as Sembcorp Parks Holdings Ltd)

Singapore

100

100

 

 

 

 

Others

 

 

 

Sembcorp Design and Construction Pte Ltd

Singapore

100

100

Sembcorp Financial Services Pte Ltd

Singapore

100

100

Singapore Precision Industries Pte Ltd

Singapore

100

100


KPMG LLP is the auditor of the significant Singapore incorporated subsidiaries and other member firms of KPMG International are auditors of the significant foreign incorporated subsidiaries.


48. ASSOCIATES AND JOINT VENTURES

Details of significant associates and joint ventures are as follows:

 

 

 

Effective equity held by the Group

 

 

 

2008

2007

 

Name of significant associates and joint ventures

Country of incorporation

%

%

 

 

 

 

 

 

Utilities

 

 

 

^

Phu My 3 BOT Power Company Ltd

Vietnam

33.33

33.33

#

Shanghai Cao Jing Cogeneration Co. Ltd

People's Republic of China

30.00

30.00

@

Shenzhen Chiwan Sembawang Engineering Co Ltd

People's Republic of China

32.00

32.00

*

Emirates Sembcorp Water & Power Company P.J.S.C

United Arab Emirates

40.00

40.00

 

 

 

 

 

 

Marine

 

 

 

@@

COSCO Shipyard Group

People's Republic of China

18.47

18.26

 

 

 

 

 

 

Environment

 

 

 

^^

SembSITA Pacific Pte Ltd

Singapore

40.00

40.00

 

 

 

 

 

 

Industrial Parks

 

 

 

**

Gallant Venture Ltd

Singapore

23.92

23.92

##

Vietnam Singapore Industrial Park JV Co Ltd

Vietnam

40.44

40.44

^^^

Wuxi Singapore Industrial Park Development Co. Ltd

People's Republic of China

45.36

45.36


The auditors of significant associates and joint ventures are as follows:

^ Audited by Ernst & Young Vietnam Limited
# Audited by PricewaterhouseCoopers Zhong Tian CPAs Limited Company
@ Audited by BDO Shenzhen Dahua Tiancheng Certified Public Accountants
* Audited by Ernst & Young, Abu Dhabi
@@ Audited by Zhongrui Yuehua Certified Public Accountants Co., Ltd
^^ Audited by Ernst & Young LLP
** The consolidated financial statements of Gallant Venture Ltd, a company listed on Singapore Exchange, and its subsidiaries are audited by Foo, Kon & Tan Grant Thornton
## Audited by KPMG Limited, Vietnam
^^^ Audited by KPMG Huazhen Shanghai Branch
 
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