Notes to the Financial Statements
(Cont’d)
For the year ended 30 April 2015
(In Singapore Dollars)
107
STAMFORD TYRES CORPORATION LIMITED
BUILDING ON OUR EXTENSIVE NETWORK
40. Subsidiary, associated and joint venture companies (cont’d)
Name of company
(Country of incorporation)
Principal activities
(Place of business)
Percentage of
equity held by
the Group
2015 2014
% %
Associated company
Held by the Company:
##
Stamford Tyres (Thailand) Co., Ltd
(Thailand)
Inactive
(Thailand)
49
49
@
Cost of investment at one hundred units of local currency or less.
#
The company is considered a subsidiary company and included in the consolidated financial
statements as the Group has the power to control, by agreement, the financial and operating
policies of the management of the Company.
##
Not required to be audited under the laws of the country of incorporation. Unaudited financial
statements have been used for the preparation of the consolidated financial statements of the
Group.
+
Statutory year end is 31 December. A limited review of the financial statements has been performed
for the purpose of the preparation of the consolidated financial statements of the Group.
++
Statutory year end is 31 March. Unaudited financial statements has been used for the preparation of
the consolidated financial statements of the Group.
+++ Statutory year end is 31 March. A limited review of the financial statements has been performed for
the purpose of the preparation of the consolidated financial statements of the Group.
Auditors
(1)
Ernst & Young LLP, Singapore, Public Accountants and Chartered Accountants
(2)
Ernst & Young, Malaysia, Chartered Accountants
(3)
Ernst & Young Office Limited,Thailand, Certified Public Accountants
(4)
Paul Wong & Co., Hong Kong, CPAs, Certified Public Accountants
(5)
Ernst & Young, South Africa, Chartered Accountants
(6)
Manuel Valdez, Ngo & Associates, Philippines, Certified Public Accountants
(7)
Ernst & Young, Hong Kong, Certified Public Accountants
(8)
Herman Dody Tanumihardja & Rekan, Indonesia, Registered Public Accounting Firm
(9)
Jai Prakash Upadhahay & Co., India, Chartered Accountants
(10)
BDO China Shu Lun Pan, People’s Republic of China, Certified Public Accountants
(11)
Guangzhou Zexin Certified Public Accountants Co., Ltd, China, Certified Public Accountants
(12)
WKA Associates, Brunei, Certified Public Accountants and Auditors
(13)
BSR & Company, India, Chartered Accountants
41. Authorisation of financial statements for issue
The financial statements for the year ended 30 April 2015 were authorised for issue in accordance with a
resolution of the directors on 31 July 2015.
