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>39. PROPORTIONATE INTEREST IN JOINT VENTURESThe Group's proportionate share of Heladhanavi <strong>Ltd</strong> (50%) and Hellmann Worldwide Logistics (Pvt) <strong>Ltd</strong> (49%) Income and Expenses, Assetsand Liabilities have been included in the Group Income statement and Balance sheet respectively.The aggregate amounts so included are as follows;Group2008 2007Rs.Rs.a) Current Assets 1,598,400,686 1,296,096,540b) Non Current Assets 2,250,133,737 2,445,268,880c) Current Liabilities 1,671,943,597 1,345,769,746d) Non Current Liabilities 777,747,786 1,188,634,802e) Income 5,291,987,769 3,702,827,998g) Net Profit 271,089,808 310,095,69140. GROUP COMPANIESProportion of Proportion of Proportion of Proportion of Proportion ofOwnership Voting Ownership VotingInterest Power Interest Power Principalas at as at as at as at ActivitiesSubsidiaries 31.03.2008 31.03.2008 31.03.2007 31.03.2007<strong>Hemas</strong> Travels (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Travel Agent<strong>Hemas</strong> Manufacturing (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Manufacture of FMCG Products<strong>Hemas</strong> Air Services (Private) <strong>Ltd</strong>. 100% 100% 100% 100% GSA Malaysian AirlineForbes Air Services (Private) <strong>Ltd</strong>. 100% 100% 100% 100% GSA Emirates Airline<strong>Hemas</strong> Aviation (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Airline PresentationGo Asia Air Lines (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Airline PresentationExchange & Finance Investment (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Airline PresentationDiscover the World Marketing (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Airline Presentation<strong>Hemas</strong> Surgicals & Diagnostics (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Distribution of Healthcare Products(Formerly known as <strong>Hemas</strong>Healthcare (Private) <strong>Ltd</strong>.)<strong>Hemas</strong> Foods (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Import and sale of Food Products<strong>Hemas</strong> Corporate Services (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Corporate SecretariesLeisure Asia Investments <strong>Ltd</strong>. 100% 100% 100% 100% Investment Holding CompanySerendib Hotels PLC (Group) 51% 51% 63% 61% Leisure Investments<strong>Hemas</strong> Power (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Venture Capital CompanyHemtours (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Destination Management Services<strong>Hemas</strong> Developments (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Property DevelopmentConventions Asia (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Event ManagementPeace Haven Resorts <strong>Ltd</strong>. 95% 95% 95% 95% Hotel Property<strong>Hemas</strong> Marketing (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Trading & Distributionof FMCG ProductsSpectrum Marketing (Private) <strong>Ltd</strong> 100% 100% 100% 100% Dormant<strong>Hemas</strong> Pharmaceuticals (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Distribution ofPharmaceutical Products<strong>Hemas</strong> International Freight (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Freight ForwardersACX International (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Courier ServicesClinical Solutions (Private) <strong>Ltd</strong>. 100% 100% 100% 100% Support Services ofClinical Trials97
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