GOING
THE DISTANCE
EUROSPORTS
GLOBAL
.84
NOT E S TO T HE
F I NANC I A L S TAT EMEN T S
YEAR ENDED
31 MARCH, 2016
14.
INVESTMENT IN SUBSIDIARIES (CONT＊D)
The following subsidiaries are incorporated and operate in Singapore:
Name of subsidiaries
Principal activities
Cost in books
of group
Effective percentage
of equity held by
group
2016
$＊000
2015
$＊000
2016
%
2015
%
EuroSports Auto Pte Ltd
(a)
Distribution and retailing of
imported automobiles, import of
parts and accessories and repairs
and servicing of automobile
7,953
7,953
100
100
EuroAutomobile Pte. Ltd.
(a)
Distribution and retailing of
imported automobiles, import of
parts and accessories and repairs
and servicing of automobile
每
(b)
每
(b)
100
100
Spania GTA Asia Pacific
Private Ltd.
(a)
Dormant
每
(b)
每
(b)
100
100
deLaCour Asia Pacific
Pte. Ltd.
(a)
Trading and distribution of watches
and related accessories
每
(b)
每
(b)
100
100
AutoInc EuroSports
Pte. Ltd.
(a) , (d)
Trading of pre-owned automobiles
and provision of maintenance
and grooming services for luxury
automobiles
每
(c)
每
(d)
60
60
Notes:
(a)
Audited by RSM Chio Lim LLP.
(b)
The cost of investment is less than $1,000.
(c)
The cost of investment has been fully impaired.
(d)
See also Note 23.
