Notestothefinancialstatements
For the financial year ended31December 2015
12.
Investment insubsidiaries (cont’d)
Subsidiaries
(Countryof incorporation)
Cost of
investment
Percentage
of equity
heldby
theGroup
Principal activities
(Placeof business)
2015
2014
2015
2014
$’000
$’000
%
%
The subsidiary of SeaDeepShipyardPte. Ltd. is:
(1)
InterseasShipping (Private) Limited (Singapore)
200
200
100
100 Manufacturer andprovider of
specialisedmarineoffshore
equipment and services for
theoil andgas industry
(Singapore)
The subsidiary of BakerEngineeringPte. Ltd. is:
(1)
BELDesignPte. Ltd. (Singapore)
*
–
100
100 Designandengineeringof
offshoreandmarine vessels
andequipment
(Singapore)
(1)
AuditedbyErnst&YoungLLP, Singapore
* Less than$1,000
13.
Investment securities
GroupandCompany
2015
2014
$’000
$’000
Non-current:
Available-for-sale financial assets
– Corporatebonds (quoted) at fair value
7,437
7,699
– Equity securities (unquoted)
962
589
8,399
8,288
Current:
Available-for-sale financial assets
– Corporatebonds (quoted) at fair value
1,284
–
The Group and Company’s investment in quoted corporate bonds are denominated in SGD and USD. They bear interest at between 2.500% to 4.625%
(2014: 2.500% to4.625%) p.a. andwithmaturities ranging fromJanuary 2016 toOctober 2021.
TheGroupandCompany’sunquotedequitysecurities relates toaminoritystake inan investment fundcompany,whichwas incorporated inLuxembourg.Fairvalue
informationhas not been disclosed because fair value cannot bemeasured reliably. These equity instruments are not quoted on anymarket and do not have any
comparable industrypeer that is listed.
110
111
BAKERTECHNOLOGYlimited
ANNUAL REPORT 2015
