notes to the financial statements - Far East Orchard Limited

NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2008
40. Listing of subsidiary companies in the Group (continued)
84
Name of Company Principal activities
Country of
Incorporation
and place of
Business
Cost of
investment
2008 2007
$’000 $’000
Balance brought forward 105,772 105,772
OPH Investments Pte Ltd Investment
holding
OPH Marymount Limited Property
development
OPH Orion Limited Investment
holding
Jelco Properties Pte Ltd Investment
holding
OPH Investment Trading
Pte Ltd
Investment
trading
and holding
Seasons Green Limited Property
development
Subsidiary of OPH
Orion Limited
Orwin Development
Limited (1)
Property
development
% of Paid-up
capital held by
The
Company Subsidiaries
or its or their
Nominees Nominees
2008 2007 2008 2007
% % % %
Singapore * * 100 100 - -
Singapore 1,000 1,000 100 100 - -
Singapore * * 100 100 - -
Singapore 396,100 396,100 100 100 - -
Singapore * * 100 100 - -
Singapore 800 800 80 80 - -
Singapore - - - - 60 60
503,672 503,672
All subsidiaries are audited by PricewaterhouseCoopers LLP, Singapore, except for Pinehigh Development Sdn
Bhd, which is audited by Roger Yue, Tan & Associates.
* Cost of investment is $2.00.
** Cost of investment is RM2.00.
(1) Orwin Development Limited is a subsidiary of the Group under the Singapore Companies Act, Cap. 50, by
virtue of the Group’s equity interests exceeding 50%. However, for accounting purposes, Orwin Development
Limited is regarded as a joint venture (Note 18) in accordance with FRS 31, Financial Reporting of Interests in
Joint Ventures because a contractual agreement exists between the shareholders which requires unanimous
consent from the shareholders for all strategic financial and operating activities relating to the company.
(2) These subsidiaries are in the process of voluntary liquidation after balance sheet date.
ANNUAL REPORT 2008 ORCHARD PARADE HOLDINGS LIMITED