Annual Report 10/11 - ACL Cables PLC

ACL Cables PLC Annual Report 2010/1116. Investment in subsidiariesCompanyNumber ofSharesAs at 31 March 2011 As at 31 March 2010CostMarketValueNumber ofSharesCostMarketValueQuotedACL Plastics PLC 2,746,969 33,300,217 447,755,947 2,746,969 33,300,217 323,455,600Kelani Cables PLC 933,756 10,752,498 88,986,947 933,756 10,752,498 106,915,062Total investment in quotedcompanies 44,052,715 536,742,894 44,052,715 430,370,662UnquotedCeylon Bulbs and ElectricalsLimited1,051,345 58,514,700 1,051,345 58,514,700Lanka Olex Cables (Private)Limited9999“A” Class ordinary shares3,065,610 291,180,4913,065,610 291,180,491“B” Class ordinary sharesPreference shares161,818161,818ACL Kelani Magnet Wire(Private) Limited 11,950,000 119,500,000 11,950,000 119,500,000ACL Metals and Alloys(Private) Limited 2,500,000 25,000,000 2,500,000 25,000,000Total investment in unquotedcompanies 494,195,191 494,195,191Total cost of investments insubsidiaries 538,247,906 538,247,906ACL Cables PLC acquired the controlling interest in Lanka Olex Cables (Private) Limited in October 1999. Kelani CablesPLC and Kelani Electrical Accessories (Private) Limited are subsidiaries of Lanka Olex Cables (Private) Limited.The percentages of ownership held by the Company in each quoted and un-quoted subsidiary as at balance sheet dateare as follows;As at 31 March2011As at 31 March2010QuotedACL Plastics PLC 65.20% 65.20%Kelani Cables PLC 79.30% 79.30%UnquotedCeylon Bulbs and Electricals Limited 95.30% 94.87%Lanka Olex Cables (Private) Limited“A” Class ordinary shares 99% 99%“B” Class ordinary shares 100% 100%Preference shares 100% 100%ACL Kelani Magnet Wire (Private) Limited 93.79% 93.79%ACL Metals and Alloys (Private) Limited 100% 100%67