Page 152 - Annual Report 2014
P. 152
5 Subsidiaries 2014 2013 Overview
Company $m $m
Investments in subsidiaries, at cost 1,209.1 1,209.1 Strategy
Loans to subsidiaries 490.0 490.0
Discount implicit in the interest-free loan to a subsidiary 21.9 21.9
Allowance for impairment losses 1,721.0 1,721.0
(28.9) (28.9)
1,692.1 1,692.1
At 31 December 2014, the loans to the subsidiaries are unsecured, not repayable within the next 12 months and bore interest Performance
rate of 3.48% (2013: 3.48%) per annum.
Name of company Principal activities Country of Effective equity
incorporation/ interest held by the Group
business
2014 2013
%% Governance
The subsidiaries directly held by the Company are as follows:
StarHub Cable Vision Ltd. (1) Provision of subscription television and Singapore 100 100
television broadcasting services
StarHub Mobile Pte Ltd (1) Provision of mobile telecommunications Singapore 100 100 Financials
services
StarHub Internet Pte Ltd (1) Provision and operation of internet services Singapore 100 100
StarHub Online Pte Ltd (1) Provision of broadband access services Singapore 100 100
Nucleus Connect Pte. Ltd. (1) Provision of high speed wholesale Singapore 100 100
broadband services
SHINE Systems Assets Pte. Ltd. (1) Investment in, ownership or lease of Singapore 100 100
infrastructure assets for use by StarHub
Group and its partners
StarHub (Mauritius) Ltd (2) Investment holding company and for Mauritius 100 100
acquisition of info-communication and
infotainment services
StarHub (Hong Kong) Limited (3) Provision of telecommunication services Hong Kong 100 100
StarHub Shop Pte Ltd (4) Dormant Singapore 100 100
StarHub, Inc. (4) Dormant United States 100 100
Other subsidiary indirectly held by the Company is as follows:
Foosti Pte. Ltd. (4) (5) Dormant Singapore 100 100
(1) Audited by KPMG LLP Singapore 149
(2) Audited by KPMG Mauritius, a member firm of KPMG International
(3) Audited by another firm
(4) Not required to be audited by laws of the country of incorporation
(5) The company is currently in liquidation pursuant to a winding-up order by the High Court of Singapore issued on 14 January 2011.
StarHub Ltd | Annual Report 2014
