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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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 FER (HK) <strong>Limited</strong><br />
Principal activities<br />
Percentage of equity<br />
held by <strong>the</strong> Group<br />
2012<br />
%<br />
2011<br />
%<br />
FES International FZE (6)<br />
(United Arab Emirates - Dafza)<br />
Import, export, trading of food and beverages,<br />
management and finance support<br />
100 100<br />
Navas Services <strong>Limited</strong> (7)<br />
(Cyprus)<br />
Investment holding 100 100<br />
Bexar <strong>Limited</strong> (7)<br />
(Cyprus)<br />
Licensing, management and finance support 100 100<br />
Held by Navas Services <strong>Limited</strong><br />
FES Products LLC (8)<br />
(Russia)<br />
Manufacturing of instant beverages 100 100<br />
Held by Bexar <strong>Limited</strong><br />
Naturant System Inc. (6)<br />
(British Virgin Islands)<br />
Investment holding 100 100<br />
Ukragroinvest-2005 (3)<br />
(Ukraine)<br />
Ownership and leasing of fac<strong>to</strong>ry space and<br />
equipment <strong>to</strong> FES UKR LLC<br />
100 –<br />
Jointly held by FES International FZE and<br />
Future Enterprises Pte Ltd<br />
FES Marketing LLP (8)<br />
(Russia)<br />
Providing royalty and trade-mark contract<br />
service; and trade and marketing services<br />
100 100<br />
102
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