BUILDING LANDMARKS, CHARTING GROWTH
253
Annual Report 2015
NOTES TO THE FINANCIAL STATEMENTS
31 SUBSIDIARIES
Company
31/12/2015
30/6/2014
$’000
$’000
Equity investments at cost
783,269
172
Loans to subsidiaries
– Interest-bearing
214,541
–
– Interest-free
1,416,564
–
2,414,374
172
The loans to subsidiaries form part of the Company’s net investment in the subsidiaries for which settlement is neither
planned nor likely to occur in the foreseeable future. They are stated at cost less accumulated impairment losses.
As at 31 December 2015, the effective interest rates ranged from 4.68% to 5.24% per annum.
Country of
incorporation
Ownership interests
%
%
31/12/2015
30/6/2014
Directly held by the Company
Perennial Treasury Pte. Ltd.
(1)
Singapore
100.0
–
Perennial China Retail Trust
(1) (5)
Singapore
100.0
–
Perennial China Investment Holdings Pte. Ltd.
(1)
Singapore
100.0
–
Perennial Singapore Investment Holdings Pte. Ltd.
(1)
Singapore
100.0
–
Perennial Management Investment Holdings Pte. Ltd.
(1)
Singapore
100.0
–
Perennial EM Holdings Pte. Ltd.
(1)
Singapore
100.0
–
Perennial Healthcare Pte. Ltd.
(1)
Singapore
100.0
–
Directly or indirectly held by Perennial China Retail Trust
Perennial China Retail Pte. Ltd.
(1)
Singapore
100.0
–
– Shenyang Retail 1 (BVI) Limited
(3)
British Virgin Islands
100.0
–
– Shenyang Retail 2 (BVI) Limited
(3)
British Virgin Islands
100.0
–
– Perennial (Chengdu) Industries Co., Ltd.
(1)
PRC
100.0
–
– Perennial Foshan Retail Co., Ltd.
(1)
PRC
100.0
–
– Chengdu Ruifeng Real Estate Development Co., Ltd
(1)
PRC
80.0
–
