notes to the financial statements - Food Empire Holdings Limited
notes to the financial statements - Food Empire Holdings Limited
notes to the financial statements - Food Empire Holdings Limited
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<strong>Food</strong> <strong>Empire</strong> <strong>Holdings</strong> <strong>Limited</strong> Annual Report 2012<br />
NOTES TO THE FINANCIAL STATEMENTS (cont’d)<br />
For <strong>the</strong> year ended 31 December 2012<br />
14. Investment in subsidiaries (cont’d)<br />
Name of company<br />
(Country of incorporation)<br />
Held by <strong>Food</strong>aworld Marketing Pte Ltd<br />
Principal activities<br />
Percentage of equity<br />
held by <strong>the</strong> Group<br />
2012<br />
%<br />
2011<br />
%<br />
Lovena <strong>Limited</strong> (5)<br />
(Cyprus)<br />
Investment holding 100 100<br />
Pavo Holding <strong>Limited</strong> (5)<br />
(Cyprus)<br />
Investment holding 100 100<br />
Held by Pavo Holding <strong>Limited</strong><br />
Delta Future (6)<br />
(Ukraine)<br />
Manufacturing of food products 100 100<br />
FE Production Ltd (6)<br />
(Ukraine)<br />
Manufacturing of food products 100 100<br />
Held by Lovena <strong>Limited</strong><br />
FES UKR LLC (3)<br />
(Ukraine)<br />
Preparation, packaging and distribution of<br />
instant beverages<br />
100 –<br />
Held by FES Industries Pte Ltd<br />
FES (Vietnam) Co., Ltd (3)<br />
(Vietnam)<br />
Manufacturing and distribution of instant<br />
food and beverages<br />
100 100<br />
101
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