NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
Financial Statements
113
Annual Report 2014
21.
Investments in subsidiaries
(continued)
Name
Principal
activities
Country of
incorporation/
business
Cost of
investment
Proportion of
ordinary shares
directly held by
the Company
Proportion of
ordinary shares
held by the
Group
Proportion of
ordinary shares
held by non-
controlling
interests
2014
2013
2014
2013
2014
2013
2014
2013
$’000
$’000
%
%
%
%
%
%
COSCO
Shipyard
Group Co.,
Ltd
(iii) and (iv)
Investment
holding
People’s
Republic of
China
(“PRC”)
191,173
191,173
51
51
51
51
49
49
COSCO
(Nantong)
Shipyard Co.,
Ltd (iii) and
(iv)
Ship repair
and marine
engineering
PRC
24,670
24,670
50
50
75
75
25
25
COSCO
(Dalian)
Shipyard
Co., Ltd
(iii) and (iv)
Ship repair,
ship building
and marine
engineering
PRC
30,296
30,296
39
39
69
69
31
31
COSCO
(Guangdong)
Shipyard Co.,
Ltd
(iii) and (iv)
Ship repair,
ship building
and marine
engineering
PRC
–
–
–
–
38
38
62
62
COSCO
(Zhoushan)
Shipyard
Co., Ltd
(iii) and (iv)
Ship repair,
ship building
and marine
engineering
PRC
–
–
–
–
51
51
49
49
COSCO
(Xiamen)
Shipyard
Co., Ltd (iii)
Ship repair
PRC
–
–
–
–
26
26
74
74
COSCO
(Shanghai)
Shipyard
Co., Ltd
(iii) and (iv)
Ship repair and
marine
engineering
PRC
–
–
–
–
48
48
52
52
COSCO
(Tianjin)
Shipyard
Co., Ltd (iii)
Ship repair
PRC
–
–
–
–
46
46
54
54
COSCO
(Lianyungang)
Shipyard Co.,
Ltd (v)
Ship repair
PRC
–
–
–
–
–
31
–
69
