Annual Report 2007 - Hmdatalink.com hm datalink

Notes to the consolidated financial statementsfor the year ended 31 December 200733. SUBSIDIARIES (Continued)Place of incorporation/Issued andregistration fully paid share/ Percentage ofName of company and operations registered capital equity interests held Principal activitiesDirectly Indirectly PRC USD15,959,200 – 100% Research, production, marketing and sales ofZhejiang Fulin Guorunautomobile parts andAutomobile Parts &related componentsComponents Co., Ltd.*in the PRCLinkstate Overseas Limited British Virgin Islands USD1 100% – InactiveLuckview Group Limited British Virgin Islands USD1 100% – Investment holdingLuck Empire Investment Hong Kong HK$1 – 100% Investment holdingLimited PRC USD54,297,150 – 51% Research, development, production, marketing andShanghai LTI Automobilesales of sedans andComponents Companyrelated automobileLimited # components in the PRC PRC USD14,900,000 – 100% Research and development Zhejiang Kingkongcomponents in the PRCAutomobile Parts &Components R&DCompany Limited^* The Company’s subsidiary in the PRC is wholly foreign-owned enterprise established for a period of 30 yearsexpiring in 2033.# The Company’s subsidiary in the PRC is sino-foreign equity joint venture established for a period of 50 yearsexpiring in 2057.^The Company’s subsidiary in the PRC is wholly foreign-owned enterprise established for a period of 50 yearsexpiring in 2057.None of the subsidiaries had issued any debt securities during the year or at the end of the year.34. COMPARATIVE AMOUNTSCertain comparative figures on the consolidated balance sheet in respect of convertible bonds – embeddedderivatives and on the consolidated cash flow statement in respect of short-term bank borrowings have beenreclassified to conform with current year’s presentation.GEELY AUTOMOBILE HOLDINGS LIMITED111ANNUAL REPORT 2 0 0 7