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StarHub Ltd Annual Report 2015

5 Subsidiaries

Company 2015 2014 Overview

Investments in subsidiaries, at cost $m $m
Loans to subsidiaries
Discount implicit in the interest-free loan to a subsidiary 1,209.1 1,209.1
556.0 490.0
Allowance for impairment losses 21.9
21.9
1,787.0 1,721.0
(28.9)
(28.9)
1,758.1 1,692.1

At 31 December 2015, the loans to the subsidiaries are unsecured, not repayable within the next 12 months and bore interest
ranging from 2.72% to 3.48% (2014: 3.48%) per annum.

Name of company Principal activities Country of Effective equity Strategy
incorporation/ interest held by the Group

business

2015 2014

%%

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 100 100
100 100
StarHub Mobile Pte Ltd (1) Provision of mobile telecommunications Singapore 100 100 Performance
services 100 100
100
StarHub Internet Pte Ltd (1) Provision and operation of internet Singapore – (2)
services

StarHub Online Pte Ltd (1) Provision of broadband access services Singapore

Nucleus Connect Pte. Ltd. (1) Provision of high speed wholesale Singapore
broadband services

SHINE Systems Assets Pte. Ltd. (1) Investment in, ownership or lease of Singapore Governance & Sustainability
infrastructure assets and provision of data
centre services

StarHub (Mauritius) Ltd (3) Investment holding company and for Mauritius 100 100
acquisition of info-communication and
infotainment services

StarHub (Hong Kong) Limited (4) Provision of telecommunication services Hong Kong 100 100
100 100
StarHub Shop Pte Ltd (5) Dormant Singapore 100 100

StarHub, Inc. (5) Dormant United States

Other subsidiary indirectly held by the Company is as follows:

Foosti Pte. Ltd. (5) (6) Dormant Singapore 100 100 Financials

(1) Audited by KPMG LLP Singapore
(2) On 22 July 2015, StarHub Ltd diluted its controlling interest in the company and the company was subsequently equity accounted for in the

consolidated financial statements based on its results ended 31 December 2015, the financial year-end of the company (Note 6).
(3) Audited by KPMG Mauritius, a member firm of KPMG International
(4) Audited by another firm
(5) Not required to be audited by laws of the country of incorporation
(6) The company is currently in liquidation pursuant to a winding-up order by the High Court of Singapore issued on 14 January 2011.