Full Annual Report 2006 - Singapore Technologies Engineering

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165 Notes to the Financial Statements 31 DECEMBER 2006 (Currency – Singapore dollars unless otherwise stated) 9. ASSOCIATED COMPANIES AND JOINT VENTURES (continued) COUNTRY OF EFFECTIVE EQUITY INCORPORATION/ INTEREST HELD NAME OF ASSOCIATED COMPANY PRINCIPAL ACTIVITIES PLACE OF BUSINESS BY THE GROUP 2006 2005 % % 1699590 Ontario Inc ß Research and development Canada 49 – CIS-Oerlikon Pte Ltd ** Dormant Singapore – 50 CityCab Pte Ltd Rental of taxis and provision Singapore 46.5 46.5 of premier bus service, charge card facilities and travel related services Defence Electronics of Singapore Pte Ltd Manufacture of fuses Singapore 49 49 Nusantara Technologies Sdn. Bhd. Provision of non-destructive Malaysia 49 49 testing services, ultrasonic flaw detection and gauging survey and pressure gauge calibration Timoney Holdings Limited Design and prototyping services Republic of Ireland 25 25 and component supply for the automotive and aerospace engineering sectors Anchorville Pte Ltd ## Dormant Singapore 30 30 AquaGen International Pte Ltd ## Dormant Singapore 25 25 PT SSE-Van der Horst Indonesia Provision of precision Indonesia 24 24 engineering services 2006 JV Pte. Ltd. (formerly known as Promoting and organising trade Singapore 50 50 Asian Aerospace 2006 Pte. Ltd.) exhibitions in Singapore for systems, equipment, products and services in aerospace and defence-related applications on a biennial basis NanoScience Innovation Pte Ltd Research and development, Singapore 27.06 38.33 manufacturing, distributing and trading of ultra fine structure, especially nano-scale, materials, devices, equipment and intellectual properties * During the year, this entity has made an application to the Accounting and Corporate Regulatory Authority (“ACRA”) for strike off from the Registrar. ** During the year, this entity was struck off from the Registrar with ACRA. ## These associated companies are under compulsory winding up by the Court. @ The company is under the process of members’ voluntary liquidation.
THE WINNING SPIRIT ST Engineering AR 2006 166 Notes to the Financial Statements 31 DECEMBER 2006 (Currency – Singapore dollars unless otherwise stated) 9. ASSOCIATED COMPANIES AND JOINT VENTURES (continued) (b) Details of joint ventures are as follows: COUNTRY OF EFFECTIVE EQUITY INCORPORATION/ INTEREST HELD NAME OF JOINT VENTURE PRINCIPAL ACTIVITIES PLACE OF BUSINESS BY THE GROUP 2006 2005 % % GFM Electronics S.A. de C.V. Distribution and sales of high Mexico 50 50 technology systems, services and products in the communications area, as well as electronics systems, principally closed circuits and alarms for airports, malls, stadiums and highways ATREC Pte. Ltd. Research and technology Singapore 50 – development in advanced materials for both defence and commercial applications Beijing Zhonghuan Kinetics Develop, manufacture and sale People’s Republic 50 50 Heavy Vehicles Co. Ltd. of specialised heavy-duty of China vehicles and sale of related spare parts and provision of relevant technical consultancy and after sale technical support services SMART Systems Pte Ltd Life systems integration of Singapore 50 50 weapon system STAR Automotive Center (Guangzhou) Provide automotive services, People’s Republic 50 50 Co., Ltd. including automotive fixing, of China maintaining, service, automotive examination and maintenance, damage fixing, automotive beautifying and decorating, trading and supplying of automotive spare parts, training, technology consultation, tow truck service and after sales technical support, etc. Takata CPI Singapore Pte Ltd Manufacture of pyrotechnic Singapore 49 49 components for seatbelts and air bags used in motor vehicles Halter-Bollinger Joint Venture LLC To bid and secure US boat USA 50 50 fabrication contracts for its shareholders
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THE WINNING SPIRIT ANNUAL REPORT 20
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11 Peter SEAH Lim Huat Chairman (le
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13 In 2007, we will continue to gro
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THE WINNING SPIRIT ST Engineering A
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33 Corporate Governance Board’s C
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35 Corporate Governance BOARD COMPO
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37 Corporate Governance The ERCC me
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39 Corporate Governance Remuneratio
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41 Corporate Governance Internal Co
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43 Corporate Governance COMPLIANCE
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45 Environment, Health and Safety A
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47 Investor Relations ST ENGINEERIN
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49 Share Price Performance ST ENGIN
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57 Operating Financial Review GROUP
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59 Operating Financial Review PERFO
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61 Operating Financial Review Capit
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LAND SYSTEMS SECTOR MARINE SECTOR C
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67 Aerospace FLYING HIGH WITH TOTAL
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69 Aerospace Full Year Performance
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75 Land Systems BREAKING NEW GROUND
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77 Land Systems Major Acquisitions
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91 Directors’ Report AS AT 31 DEC
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101 Directors’ Report AS AT 31 DE
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103 Statement by Directors We, Pete
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105 Balance Sheets AS AT 31 DECEMBE
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107 Statements of Changes in Equity
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109 Consolidated Statement of Cash
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111 Consolidated Statement of Cash
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113 Notes to the Financial Statemen
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Page 186 and 187: 201 SECTORAL FINANCIAL REVIEW - AER
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215 SECTORAL FINANCIAL REVIEW - MAR
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221 Group Structure - Singapore Tec
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223 Group Structure - Singapore Tec
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225 CORPORATE INFORMATION BOARD OF
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SINGAPORE TECHNOLOGIES ENGINEERING
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Full Annual Report 2006 - Singapore Technologies Engineering

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