NOTES
TO THE FINANCIAL STATEMENTS
For the financial year ended 31 March 2016
(In Singapore dollars)
108
ANNUAL REPORT 2015/2016
29. SUBSIDIARIES
a) The subsidiaries as at 31 March are:
Name of company
(Country of incorporation)
Principal activities
(Place of business)
Cost
Effective interest
in equity held by
the Company
2016
$’000
2015
$’000
2016
%
2015
%
Unquoted equity shares held by the Company
i
MTQ Engineering Pte Ltd
(Republic of Singapore)
Providing engineering and
manufacturing services to
the oil and gas industry
(Republic of Singapore)
1,312 1,312 100 100
i
MTQ Equipment Rental Pte Ltd
(Republic of Singapore)
Providing oilfield equipment
rental services
(Republic of Singapore)
5,678 5,678 100 100
i
MTQ Fabrication Pte Ltd
(Republic of Singapore)
Providing oilfield fabrication
services
(Republic of Singapore)
37
37 100 100
i
Blossomvale Investments
Pte Ltd
(Republic of Singapore)
Investment holding
(Republic of Singapore)
–
–
100 100
iii
Violetbloom Investments Pte Ltd
(Republic of Singapore)
Investment holding
(Republic of Singapore)
–
–
100 100
iii
Everfield Pte Ltd
(Republic of Singapore)
Investment holding
(Republic of Singapore)
–
–
100 100
i
MTQ Binder Holdings Pte Ltd
(Republic of Singapore)
Investment holding
(Republic of Singapore)
–
–
100 100
ii
MTQ Engine Systems (Aust)
Pty Ltd
(Australia)
Sales and servicing of
turbochargers and fuel injection
parts and automotive
performance parts (Australia)
5,295 5,295 100 100
ii
MTQ Holdings Pty Ltd
(Australia)
Investment holding
(Australia)
3,556 3,556 100 100
ii
MTQ Oilfield Services W.L.L.
(Kingdom of Bahrain)
Service, manufacture and
assemble oilfield equipment and
related spare parts in the oil and
gas industry
(Kingdom of Bahrain)
7,045 7,045
99
99
