Financial Statements - Hemas Holdings, Ltd
Financial Statements - Hemas Holdings, Ltd
Financial Statements - Hemas Holdings, Ltd
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<strong>Hemas</strong> <strong>Holdings</strong> PLC - Annual Report 2007 - 2008Notes to the <strong>Financial</strong> <strong>Statements</strong>15. INVESTMENT IN SUBSIDIARIESGroup Holding Company Holding Company2008 2007 2008 2007 2008 2007% % % % Rs. Rs.15.1 Non-Quoted Investments<strong>Hemas</strong> Corporate Services (Private) <strong>Ltd</strong>. 100% 100% 100% 100% 16,890,699 16,890,699<strong>Hemas</strong> Developments (Private) <strong>Ltd</strong>. 100% 100% 100% 100% 632,316,443 632,316,443<strong>Hemas</strong> Power (Private) <strong>Ltd</strong>. 100% 100% 2.2% 2.2% 374,693,081 374,693,081<strong>Hemas</strong> Manufacturing (Private) <strong>Ltd</strong>. 100% 100% 100% 100% 890,662,863 890,662,863<strong>Hemas</strong> Marketing (Private) <strong>Ltd</strong>. 100% 100% 100% 100% 650,031,275 650,031,275<strong>Hemas</strong> Foods (Private) <strong>Ltd</strong>. 100% 100% 100% 100% 24,845,575 24,845,575<strong>Hemas</strong> Pharmaceuticals (Private) <strong>Ltd</strong>. 100% 100% 100% 100% 380,947,388 380,947,388<strong>Hemas</strong> Surgicals and Diagnostics (Private) <strong>Ltd</strong>. 100% 100% 100% 100% 23,956,545 23,956,545(Formerly known as <strong>Hemas</strong> Healthcare (Private) <strong>Ltd</strong>.<strong>Hemas</strong> Travels (Private) <strong>Ltd</strong>. 100% 100% 100% 100% 123,876,586 123,876,586<strong>Hemas</strong> International Freight (Private) <strong>Ltd</strong>. 100% 100% 100% 100% 61,314,987 61,314,987<strong>Hemas</strong> Air Services (Private) <strong>Ltd</strong>. 100% 100% 100% 100% 64,687,574 64,687,574Forbes Air Services (Private) <strong>Ltd</strong>. 100% 100% 100% 100% 97,581,714 97,581,714Discover the World Marketing (Private) <strong>Ltd</strong>. 100% 100% 100% 100% 4,665,732 4,665,732<strong>Hemas</strong> Aviation (Private) <strong>Ltd</strong>. 100% 100% 100% 100% 1,909,963 1,909,963Exchange & Finance Investments <strong>Ltd</strong>. 100% 100% 100% 100% 9,411,793 9,411,793Hemtours (Private) <strong>Ltd</strong>. 100% 100% 100% 100% 209,911,882 209,911,882Leisure Asia Investments <strong>Ltd</strong>. 100% 100% 100% 100% 257,559,015 257,559,015Peace Haven Resorts <strong>Ltd</strong>. 95.5% 95.5% 95.5% 95.5% 336,454,612 336,454,612<strong>Hemas</strong> Shipping (Private) <strong>Ltd</strong>. 100% 100% 100% 100% 300,000 300,000ACX International (Private) <strong>Ltd</strong>. 100% 100% 100% - 21,788,300 7,000,000Mowbray Hotels <strong>Ltd</strong>. 89% 89% 89% - 46,201,442 46,201,442Far Shipping Lanka (Private) <strong>Ltd</strong>. 100% - 100% - 3,000,000 -4,233,007,469 4,215,219,16915.2 Quoted InvestmentsSerendib Hotels PLC 51% 63% 22.4% 27.9% 120,755,299 120,755,299Total 4,353,762,768 4,335,974,46816. INVESTMENTS IN ASSOCIATESCarrying Transfer of Disposal/ Carrying16.1 Group Holding % Value Subsidiary to Transfer of Value2008 2007 2007 Associate Investment 2008Rs. Rs. Rs. Rs.E-Channeling PLC - 24.6% 42,933,320 - (42,933,320) -<strong>Hemas</strong> Hospitals (Private) <strong>Ltd</strong>. 49.7% - - 205,793,202 - 205,793,20242,933,320 205,793,202 (42,933,320) 205,793,20217. INVESTMENT IN JOINT VENTUREGroup Holding Company Holding Company2008 2007 2008 2007 2008 2007% % % % Rs. Rs.Hellmann Worldwide Logistics (Private) <strong>Ltd</strong>. 49% 49% 49% 49% 8,474,920 8,359,120Heladhanavi <strong>Ltd</strong>. 50% 50% - - - -8,474,920 8,359,12077
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