Notes to the Financial Statements - SingTel

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Notes to the Financial StatementsFor the financial year ended 31 March 201145.3 Significant subsidiaries incorporated outside Singapore and Australia (Cont’d)Percentage of effectiveCountry of equity interest heldName of subsidiary Principal activities incorporation by the Group2011 2010% %21. Singapore Telecom Japan Provision of telecommunications Japan 100 100Co Ltdservices and all related activities22. Singapore Telecom Korea Provision of telecommunications South Korea 100 100Limitedservices and all related activities23. Singapore Telecom USA, Inc. (*) Provision of telecommunications, USA 100 100engineering and marketing services24. SingTel Australia Investment Investment holding British Virgin 100 100Ltd (*)Islands25. SingTel (Europe) Limited Provision of telecommunications United Kingdom 100 100services and all related activities26. SingTel (Philippines), Inc. Engaged in general liaison and Philippines 100 100support services27. SingTel Taiwan Limited Provision of telecommunications Taiwan 100 100services and all related activities28. SingTel Ventures (Cayman) Investment holding Cayman Islands 100 100Pte Ltd (*)29. Sudong Sdn. Bhd. Management, provision and Malaysia 100 100operations of a call centre fortelecommunications servicesAll companies are audited by a member firm of Deloitte Touche Tohmatsu LLP except for the following -(*) No statutory audit is required.(**) Audited by another firm.Note:(1) Subsidiary’s financial year-end is 31 December.190 SINGAPORE TELECOMMUNICATIONS LIMITED AND SUBSIDIARY COMPANIES
Notes to the Financial StatementsFor the financial year ended 31 March 201145.4 Associated companies held by the GroupPercentage of effectiveCountry of equity interest heldName of associated company Principal activities incorporation by the Group2011 2010% %1. ADSB Telecommunications B.V. Dormant Netherlands 25.6 25.62. APT Satellite Holdings Investment holding Bermuda 20.3 20.3Limited (1)3. APT Satellite International Investment holding British Virgin 28.6 28.6Company Limited (1)Islands4. Infoserve Technology Corp. Dormant Cayman Islands 25.0 25.05. OpenNet Pte. Ltd. (2) To design, build and operate the Singapore 29.9 29.9passive infrastructure forSingapore’s Next GenerationNational Broadband Network6. Singapore Post Limited (3) Operation and provision of postal Singapore 25.5 25.6services7. Telescience Singapore Pte Ltd Sale, distribution and installation Singapore 50.0 50.0of telecommunications equipment8. Viewers Choice Pte Ltd Provision of services relating to Singapore 49.2 49.2motor vehicle rental and retail ofgeneral merchandise9. Warid Telecom (Private) Provision of mobile Pakistan 30.0 30.0Limited (4)telecommunications servicesNotes:(1) The company has been equity accounted for in the consolidated financial statements based on results ended, or as at, 31 December 2010,the financial year-end of the company.(2) Audited by Ernst & Young LLP, Singapore.(3) Audited by PricewaterhouseCoopers LLP, Singapore.(4) Audited by A.F. Ferguson & Co. (a member firm of PricewaterhouseCoopers).ANNUAL REPORT 2010/2011 191
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Notes to the Financial Statements - SingTel

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