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37. SuBSiDiARieS AnD ACtivitieS (Cont’D)
Details of the subsidiaries are as follows:
name of Country of Proportion of
Subsidiaries incorporation Principal Activities ownership interest
(d) held through tl geoSciences Sdn. Bhd.
2010 2009
% %
TL Geohydrographics Malaysia Hydrographic surveys and 100 70
Sdn. Bhd. related services
# TL Geotechnics (S) Pte. Ltd. Singapore Soil investigation and 100 100
geotechnical services
TL Geotechnics Sdn. Bhd. Malaysia Soil investigation and 100 100
geotechnical services
TL Jaya Sdn. Bhd. Malaysia Chartering of vessels 100 100
# TL Geohydrographics Singapore Hydrographic surveys and 100 70
Pte. Ltd. related services
# TL Geohydrographics Australia Hydrographic surveys and 100 70
Pty. Ltd. related services
* TL Oilserve Sdn. Bhd. Malaysia Provision of marine vessel 100 40
(formerly known as transportation services
Scomi Oilserve Sdn.Bhd.)
* Oilserve (L) Berhad Federal Territory Leasing of vessels/ barges 100 40
of Labuan, Malaysia
(i) On 28 July 2009, TL GeoSciences Sdn Bhd (“TLGS”), a wholly owned subsidiary of the Company, had completed the acquisition
of the remaining 30% shareholding in TL Geohydrographics Sdn Bhd (“TLGH”) from William Adam Petrie for a total cash
consideration of RM18 million. With the acquisition, TLGH has become a wholly owned subsidiary of TLGS.
The additional investment has resulted the following:
RM’000
Purchase consideration satisfied by cash 18,000
Less: Minority interests acquired (23,810)
Reserve arising from additional investment in subsidiary (Note 5) (5,810)
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SapuraCrest Petroleum Berhad
Annual Report 2010