Sun Art Retail Group Limited - TodayIR.com
Sun Art Retail Group Limited - TodayIR.com
Sun Art Retail Group Limited - TodayIR.com
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<br />
31 INTEREST IN SUBSIDIARIES (CONTINUED)<br />
Held directly or indirectly by ACHK: (continued)<br />
Registered<br />
Effective interest of<br />
capital/issued<br />
ownership attributable<br />
and fully<br />
Name of <strong>com</strong>panies<br />
Note<br />
to the <strong>Group</strong><br />
Principal activities<br />
paid up capital<br />
2012 2011 (million)<br />
Taizhou Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 10<br />
Changzhou Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing RMB 122<br />
Yangzhou Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 8<br />
Anhui Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 12<br />
Jiaxing Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 6<br />
Zhenjiang Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 12<br />
Wuxi Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 6<br />
Huzhou Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 10<br />
Shanghai Auchan Information and Technique 95.94% 96.85% Research and USD 1<br />
Development Co., Ltd.<br />
development service<br />
Nantong Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 12<br />
Nantong New Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 10/5<br />
Yantai Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 20/10<br />
Note:<br />
(i)<br />
RT-Mart Holdings <strong>Limited</strong> and ACHK are incorporated in Hong Kong. CCIL is incorporated in the Cayman<br />
Islands. All other subsidiaries are established and operated in the PRC.<br />
(ii)<br />
These subsidiaries are co-operative joint ventures. With the exception of People’s RT-MART <strong>Limited</strong><br />
Jinan, the joint venture partners are only entitled to fixed returns and do not otherwise participate in<br />
the profit or loss of these subsidiaries pursuant to the joint venture agreements (note 20).<br />
(iii)<br />
These subsidiaries are domestic enterprises.<br />
CIC and ACI are sino-foreign equity joint ventures. Except for (ii) and (iii), all other subsidiaries of the <strong>Group</strong><br />
which are established in the PRC are wholly foreign owned enterprises.<br />
* The English translation of the names is for reference only. The official names of these entities are in<br />
Chinese.<br />
32 SUBSEQUENT EVENTS<br />
After the end of the reporting period the directors proposed a final dividend. Further details are<br />
disclosed in note 22(b).<br />
<strong>Sun</strong> <strong>Art</strong> <strong>Retail</strong> <strong>Group</strong> <strong>Limited</strong><br />
Annual Report 2012<br />
119