notes to the financial statements - Singapore Technologies ...

158 SIMPLY SMARTERNOTES TO THE FINANCIAL STATEMENTS31 December 2011(Currency - Singapore dollars unless otherwise stated)13. Subsidiaries (continued)Effective equity interestheld by the Group2011 2010% %(j) ST Engineering Financial I Ltd. 100 100(k) ST Engineering Financial II Pte. Ltd. 100 100^ These entities were disposed of during the year.^^ The company was dissolved during the year.Further details of the subsidiaries are as follows:Name of subsidiaryPrincipal activitiesCountry ofincorporation/place of businessSingapore Technologies Aerospace LtdInvestment holding and provision of engineering, marketing andengineering support servicesSingaporeST Aerospace Engineering Pte Ltd Repair, maintenance and servicing of aircraft SingaporeST PAE Holdings Pty Ltd Investment holding AustraliaPacific Flight Services Pte Ltd Providing air transport services SingaporePacific Flight Services Pty Ltd Flight training school operation and aircraft management AustraliaST Aerospace Academy Pte. Ltd. Flight training school operation and aircraft management SingaporeAviation Training Academy Australia Pty Ltd Flight training school operation and aircraft management AustraliaST Aerospace Academy (Australia) Pty Ltd (formerly known asST Aviation Training Academy (Australia) Pty Ltd)Flight training school operation and aircraft managementAustraliaST Aerospace Engines Pte Ltd Repair and overhaul of engines SingaporeST Aerospace Technologies (Xiamen) Company Limited Repair and overhaul of engines People’s Republicof ChinaST Aerospace Systems Pte Ltd Service, repair and overhaul of aircraft components SingaporeST Aerospace Supplies Pte LtdTrading, Maintenance-By-The-Hour services for component andrepair management, warehousing services for aircraft equipment,parts and components and provision of jet fuel servicesSingapore