Notes to the Financial Statements
(Cont’d)
For the financial year ended 30 April 2016
(In Singapore Dollar)
STAMFORD TYRES CORPORATION LIMITED
114 |
DRIVING IT UP
39.
Segment information (cont’d)
Business information
Revenue
Non-current assets
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Distribution
212,178
256,639
76,163
71,763
Manufacturing
30,033
36,784
11,462
13,138
242,211
293,423
87,625
84,901
Non-current assets information presented above consists of property, plant and equipment, associated
company and deferred tax assets as presented in the consolidated balance sheet.
40.
Subsidiary, associated and joint venture companies
The subsidiary, associated and joint venture companies as at 30 April 2016 are:
Name of company
(Country of incorporation)
Principal activities
(Place of business)
Cost of
investment
Percentage of
equity held by
the Group
2016 2015 2016 2015
$’000 $’000 % %
Subsidiary companies
Held by the Company:
(1)
Stamford Tyres International
Pte Ltd
(Singapore)
Wholesale and retail of tyres
and wheels, design and contract
manufacturing of tyres for
proprietary brands and motor
vehicle servicing
(Singapore)
11,000 11,000 100 100
(2)
Stamford Tyres (M) Sdn Bhd
(Malaysia)
Wholesale of tyres and wheels
(Malaysia)
580 580 100 100
(2)
STC Tyres (Malaysia) Sdn Bhd
(Malaysia)
Property holding company
(Malaysia)
913 913 100 100
(2)
STC Tyre Mart Sdn Bhd
(formerly known as Stamford
Tyre Mart Sdn Bhd)
(Malaysia)
Retail of tyres and wheels
(Malaysia)
393
393
100 100
(3)
Stamford Tires Distributor
Co., Ltd
(Thailand)
Wholesale of tyres and wheels
(Thailand)
4,268 4,268 100 100
