Page 116 - ar2013.pdf

NOTES TO THE FINANCIAL STATEMENTS
For the Ànancial year ended 31 December 2013
114
COSCO Corporation (Singapore) Limited
F i nanc i a l Statement s
21. Investments in subsidiaries (continued)
Name of
subsidiaries
Principal
activities
Country of
incorporation/
business
Cost of
investment
% of paid–up capital held by
The Company Subsidiaries
2013 2012 2013 2012 2013 2012
$’000 $’000 % % % %
COSCO (Nantong)
Shipyard Co., Ltd
(iii) and (iv)
Ship repair and
marine engineering
PRC 24,670 24,670 50 50 50 50
COSCO (Dalian)
Shipyard Co., Ltd
(iii) and (iv)
Ship repair, ship
building and
marine engineering
PRC 30,296 30,296 39 39 59 59
COSCO
(Guangdong)
Shipyard Co.,
Ltd (iii) and (iv)
Ship repair, ship
building and
marine engineering
PRC – – – – 75 75
COSCO
(Zhoushan)
Shipyard Co., Ltd
(iii) and (iv)
Ship repair, ship
building and
marine engineering
PRC – – – – 100 100
COSCO (Xiamen)
Shipyard Co., Ltd (iii)
Ship repair PRC – – – – 51 51
COSCO
(Shanghai)
Shipyard Co., Ltd
(iii) and (iv)
Ship repair
and marine
engineering
PRC – – – – 95 95
COSCO (Tianjin)
Shipyard Co., Ltd (iii)
Ship repair PRC – – – – 90 90
COSCO
(Lianyungang)
Shipyard Co., Ltd (iii)
Ship repair PRC – – – – 60 60
COSCO (Qidong)
Offshore Co.,
Ltd (iii) and (iv)
Offshore
marine engineering
PRC – – – – 60 60
COSCO Dalian
Rikky Ocean
Engineering
Co., Ltd (iii)
Overhaul, repair,
commissioning
and spare-parts
replacement of
governor,
turbocharger and
engine fuel system
PRC – – – – 75 75
COSCO (Nantong)
Clavon Ship
Engineering Co.,Ltd
(formerly known as
COSCO (Nantong)
Ocean Shipyard
Co., Ltd) (iii)
Ship repair and
corrosion control
PRC – – – – 60 60