Notes to the Financial Statements
(Cont’d)
For the financial year ended 30 April 2016
(In Singapore Dollar)
STAMFORD TYRES CORPORATION LIMITED
118 |
DRIVING IT UP
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
2016 2015
% %
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)
Ernst & Young, Hong Kong, Certified Public Accountants
(7)
Herman Dody Tanumihardja & Rekan, Indonesia, Registered Public Accounting Firm
(8)
Jai Prakash Upadhahay & Co., India, Chartered Accountants
(9)
BDO China Shu Lun Pan, People’s Republic of China, Certified Public Accountants
(10)
Guangzhou Zexin Certified Public Accountants Co., Ltd, People’s Republic of China, Certified Public
Accountants
(11)
WKA Associates, Brunei, Certified Public Accountants and Auditors
(12)
BSR & Associates LLP, India, Chartered Accountants
(13)
CIB Accountants & Advisors, Australia, Chartered Accountants
41.
Authorisation of financial statements for issue
The financial statements for the year ended 30 April 2016 were authorised for issue in accordance with a
resolution of the directors on 29 July 2016.
