Osim FR 050407.indd

Notes to the Financial Statements - 31 December 2006 (cont’d)11. Subsidiaries (cont’d)c) Acquisition of subsidiaries in financial year ended 31 December 2006During the fi nancial year ended 31 December 2006, a subsidiary of the Company, Global Active Limited (“GAL”) acquiredthe following subsidiaries:Name of companyEffectiveinterestacquiredDate ofacquisition Consideration Note% $’000Victoria House Sdn Bhd 1 29 April 2006 35,837 ANutri Active Sdn Bhd 1 29 April 2006 13,439 A49,276Note AVictoria House Sdn Bhd (“VHSB”) and Nutri-Active Sdn Bhd (“NASB”) were previously associated companiesof GAL who held 50% of the shares in VHSB and NASB. In April 2006, GAL acquired another 1% of both theissued and paid up capital of VHSB and NASB, which resulted in VHSB and NASB becoming subsidiaries of GAL.Subsequent to April 2006, GAL acquired an additional 34% of voting shares of VHSB and NASB (Note 11cii).Notes to the Financial Statements 117Annual Report 2006