Full Report - Fraser and Neave Limited

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NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2006 42. SUBSIDIARY, JOINT VENTURE AND ASSOCIATED COMPANIES (cont’d) SUBSIDIARY COMPANIES OF ASIA PACIFIC BREWERIES GROUP (cont’d) 182 Fraser and Neave, Limited & Subsidiary Companies Annual Report 2006 Effective Shareholding 2006 2005 Principal Activities Country of Incorporation and Place of Business: Papua New Guinea (C) South Pacific Brewery Ltd 30.1% 28.4% Brewing and Distribution of Beer Country of Incorporation and Place of Business: United Kingdom (C) Tiger Beer UK Ltd 39.7% 37.4% Distribution of Beer and Stout Country of Incorporation and Place of Business: United States of America (C) Tiger Beer USA Inc 39.7% 37.4% Distribution of Beer Country of Incorporation and Place of Business: Mongolia (B) MCS Asia Pacific Brewery 21.8% – Distribution of Beer Country of Incorporation and Place of Business: Australia (B) Asia Pacific Breweries (Australia) Pty Ltd 39.7% – Investment Holding (B) FBG Vietnam Holdings Pty Ltd 39.7% – Investment Holding JOINT VENTURE COMPANIES OF ASIA PACIFIC BREWERIES GROUP Country of Incorporation and Place of Business: Singapore (C) GAPL Pte Ltd 19.8% 18.7% Investment Holding & Distribution of Stout Country of Incorporation and Place of Business: China (C) Jiangsu DaFuHao Breweries Co. Ltd 22.0% 17.5% Brewing and Distribution of Beer [Accounting year ends on 31 December] Country of Incorporation and Place of Business: Thailand (C) Thai Asia Pacific Brewery Co Ltd 13.9% 13.1% Brewing and Distribution of Beer (C) Thai Asia Pacific Trading Co Ltd 13.9% 13.1% Distribution of Beer ASSOCIATED COMPANIES OF ASIA PACIFIC BREWERIES GROUP Country of Incorporation and Place of Business: New Zealand (A) The Associated Bottlers Company Ltd 19.8% 18.7% Hire of Returnable Beer Bottles Country of Incorporation: Bermuda Place of Business: Hong Kong (A) Kingway Brewery Holdings Limited 9.6% 9.4% Brewing and Distribution of Beer [Accounting year ends on 31 December] Notes: (A) Audited by Ernst & Young in the respective countries. (B) Not required to be audited under the laws of the country of incorporation. (C) Audited by other firms of auditors.
PARTICULARS OF GROUP PROPERTIES The main properties as at 30 September 2006 and their net book values are indicated below: (“F&N” refers to Fraser and Neave Group, “APBL” refers to Asia Pacific Breweries Group, “FCL” refers to Frasers Centrepoint Limited Group , “TPL” refers to Times Publishing Group and “FPCL” refers to Frasers Property (China) Limited) (A) CLASSIFIED AS GROUP FIXED ASSETS (Note 13 to the Financial Statements) FREEHOLD Land Building ($’000) ($’000) Singapore F&N – Other properties 29 – TPL – 1.1 hectares industrial property at Times Centre, 1 New Industrial Road 6,100 6,497 APBL – Other properties 412 – Peninsular Malaysia F&N – 18.0 hectares industrial property at Lion Industrial Park, Shah Alam 20,928 29,162 – 2.1 hectares industrial property at 3724 to 3726 Sungei Nyior, Butterworth 2,033 1,033 – 2.7 hectares industrial property at Jln Lahat, Ipoh 1,213 1,111 – 5.8 hectares industrial property at Jln Tampoi, Johor Bahru 2,268 3,336 – 0.6 hectare industrial property at Jln Liat, Seremban 1,478 124 – 0.6 hectare industrial property at Jln Tampoi, Johor Bahru 452 1,756 – 1.1 hectares vacant land, Johor Bahru 8,358 – – Other properties 193 1,547 TPL – 3.4 hectares industrial property at Lot 46 Subang Hi-Tech Industrial Park, Batu Tiga, Shah Alam 1,659 3,297 East Malaysia F&N – 1.1 hectares industrial property at Matang Land District, Sarawak 1,886 803 Thailand F&N – 9.1 hectares industrial property at Amphur Nong Khae, Saraburi Province 4,313 – New Zealand APBL – 17.4 hectares industrial property for Waitemata Brewery site at Auckland 3,736 20,419 – 9.1 hectares industrial property for Mainland Brewery at Timaru 164 2,153 – 10.8 hectares industrial property for Tui Brewery at Pahiatua 326 – – 7.0 hectares industrial property for Aurangabad Brewery at Arlem, Goa 1,553 762 Australia TPL – 0.2 hectare commercial property at Unites 7 & 8 Monash Business Park, 29 Business Park Drive, Nottinghill, Melbourne – Victoria 913 471 – 1.7 hectares industrial property at 1 Diamond Drive, Sunshine – Victoria 1,269 12,200 United States of America TPL – 3.4 hectares commercial property at 99 White Plains Road, Tarrytown, New York 792 4,151 Total Freehold 60,075 88,822 Fraser and Neave, Limited & Subsidiary Companies Annual Report 2006 183
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Driving Value Fraser and Neave, Lim
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Driving Value Since its formation 1
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The strategy for growth based on th
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GROUP FINANCIAL HIGHLIGHTS Year end
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Driving Leadership Value Driving le
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I am very pleased to report that ou
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INTERVIEW WITH GROUP CHIEF EXECUTIV
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One of the challenges for F&N has b
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MR STEPHEN LEE Mr Lee was appointed
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Fraser and Neave, Limited Annual Re
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A household name to consumers in Si
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F&N’S THREE CORE BUSINESSES: FOOD
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Delivering Prime Value Delivering g
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Frasers Centrepoint Limited is a le
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Fraser and Neave, Limited Annual Re
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Times Printers is one of the larges
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Overview Listed on the Singapore Ex
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OPERATING AND FINANCIAL REVIEW Food
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Dairies: Revenue and PBIT ($ millio
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The Group’s glass plant operation
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FRASERS CENTREPOINT TRUST - BUILDIN
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Residential Properties: Fraser Suit
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Office and Industrial Occupancy at
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OPERATING AND FINANCIAL REVIEW Publ
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OPERATING AND FINANCIAL REVIEW Trea
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As many of the risks factors identi
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AWARDS AND ACCOLADES The Group rece
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Developing People Value Developing
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The Group is committed to be a resp
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INDEX TO CORPORATE GORVERNANCE AND
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REPORT ON CORPORATE GOVERNANCE for
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REPORT ON CORPORATE GOVERNANCE Part
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REPORT ON CORPORATE GOVERNANCE Part
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DIRECTORS’ REPORT 3. DIRECTORS’
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DIRECTORS’ REPORT 5. SHARE OPTION
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DIRECTORS’ REPORT 7. AUDITORS The
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AUDITORS’ REPORT To the Members o
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BALANCE SHEET as at 30 September 20
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STATEMENT OF CHANGES IN EQUITY THE
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CASH FLOW STATEMENT for the year en
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NOTES TO THE FINANCIAL STATEMENTS f
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Page 133 and 134: NOTES TO THE FINANCIAL STATEMENTS f
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