BAKERTECHNOLOGYLIMITED
ANNUALREPORT2013
111
Notes to the
Financial Statements
for the financial year ended 31December 2013
13. Investment in subsidiaries
Company
2013
2012
$
$
Shares, at cost
21,000,001 20,000,000
The subsidiaries for the financial year ended 31December are :-
Subsidiaries
(Countryof incorporation)
Cost of
investment
Percentage
of equityheldby
theGroup
Principal activities
(Placeof business)
2013
2012
2013
2012
$
$
%
%
(1)
SeaDeep Shipyard Pte. Ltd. (Singapore)
20,000,000 20,000,000
100
100
Manufacturer
and provider
of specialised
marine offshore
equipment and
services for the oil
and gas industry
(Singapore)
(1)
Baker Engineering Pte. Ltd. (Singapore)
- incorporated on 22May 2013
1,000,000
–
100
–
Design and
fabricationof
offshore and
marine
equipment
(Singapore)
(1)
BT Investment Pte. Ltd.
(Singapore)
- incorporated on 19 September 2013
1
–
100
–
Investment holding
(Singapore)
21,000,001 20,000,000
The subsidiary of SeaDeep Shipyard Pte. Ltd. is :-
(1)
Interseas Shipping (Private)
Limited (Singapore)
200,000
200,000
100
100
Manufacturer
and provider
of specialised
marine offshore
equipment and
services for the oil
and gas industry
(Singapore)
(1)
Audited by Ernst &Young LLP, Singapore
