Prospectus - Fonterra
Prospectus - Fonterra
Prospectus - Fonterra
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59<strong>Fonterra</strong> Co-operative Group LimitedNotes to the Financial StatementsFor the 14 months ended 31 July 200820 Investment in subsidiariesAll subsidiaries are involved in marketing, distribution, processing, technology or financing dairy products.Investments in certain countries have some limited restrictions on the repatriation of funds back to the Company.This does not result in any significant restriction on the flow of funds for the Company.The significant subsidiaries of the Company are listed below:Ownership interests %As at31 July 2008As at31 May 2007Australasian Food Holdings Pty Limited Australia 100 100Canpac International Limited New Zealand 100 100Fencepost.com Limited New Zealand 100 100<strong>Fonterra</strong> (Brazil) Ltda Brazil 100 100<strong>Fonterra</strong> (China) Ltd Hong Kong 100 100<strong>Fonterra</strong> (Europe) GmbH Germany 100 100<strong>Fonterra</strong> (Italy) SpA Italy 100 100<strong>Fonterra</strong> (Japan) Ltd Japan 50 50<strong>Fonterra</strong> (Logistics) Ltd United Kingdom 100 100<strong>Fonterra</strong> (Mexico) S.A. de C.V. Mexico 100 100<strong>Fonterra</strong> (New Zealand) Limited New Zealand 100 100<strong>Fonterra</strong> (SEA) Pte Ltd Singapore 100 100<strong>Fonterra</strong> (USA) Inc USA 100 100<strong>Fonterra</strong> (Venezuela) S.A. Venezuela 100 100<strong>Fonterra</strong> Brands (Americas), Inc USA 100 100<strong>Fonterra</strong> Brands (Asia Holdings) Pte Ltd Singapore 100 100<strong>Fonterra</strong> Brands (Australia) Pty Ltd Australia 100 100<strong>Fonterra</strong> Brands (Malaysia) Sdn Bhd Malaysia 100 100<strong>Fonterra</strong> Brands (Mauritius) Ltd Mauritius 49 49<strong>Fonterra</strong> Brands (Middle East) L.L.C. UAE 49 49<strong>Fonterra</strong> Brands (New Young) Pte Ltd Singapore 51 51<strong>Fonterra</strong> Brands (New Zealand) Limited New Zealand 100 100<strong>Fonterra</strong> Brands (Singapore) Pte Ltd Singapore 100 100<strong>Fonterra</strong> Brands (Thailand) Ltd Thailand 100 100<strong>Fonterra</strong> Brands (Tip Top) Limited New Zealand 100 100<strong>Fonterra</strong> Brands Lanka (Private) Ltd Sri Lanka 100 100<strong>Fonterra</strong> Brands Limited New Zealand 100 100<strong>Fonterra</strong> Brands Phils. Inc. Philippines 100 100<strong>Fonterra</strong> Ingredients Australia Pty Ltd Australia 100 100<strong>Fonterra</strong> Limited New Zealand 100 100Kapiti Fine Foods Limited New Zealand 100 100New Zealand Dairy Board New Zealand 100 100New Zealand Milk (Australasia) Pty Limited Australia 100 100NZagbiz Limited New Zealand 100 100PT <strong>Fonterra</strong> Brands Indonesia Indonesia 100 100Saudi New Zealand Milk Products Company Ltd Saudi Arabia 49 49Soprole S.A. Chile 99.8 57Vialactia Biosciences (NZ) Limited New Zealand 100 100Whareroa Co-Generation Limited New Zealand 100 100Subsidiaries are entities controlled by the Company. Control exists when the Company has the power to governthe financial and operating policies of the entity so as to obtain benefits from its activities.
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