Lenovo 2016 Annual Report Download - page 244
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242 Lenovo Group Limited 2015/16 Annual Report
NOTES TO THE FINANCIAL STATEMENTS
37 PRINCIPAL SUBSIDIARIES (continued)
Company name
Place of incorporation/
establishment
Issued and fully
paid up capital Percentage of issued capital held Principal activities
2016 2015
Motorola Mobility Comércio de Produtos
Eletronicos Ltda.
Brazil BRL739,238,401 100%100%Developer, owner,
licensor and seller of
communications hardware
and software
Motorola Mobility International Sales LLC United States –100%100%Holding company
Motorola Mobility LLC United States –100%100%Developer, owner,
licensor and seller of
communications hardware
and software
NEC Personal Computers, Ltd. Japan JPY500,000,000 51%51%Manufacturing and
distribution of IT products
深圳聯想海外控股有限公司
(Shenzhen Lenovo Overseas
Holdings Limited)1
(wholly-foreign owned enterprise)
Chinese Mainland US$400,000,000 100%100%Investment management
Stoneware, Inc. United States US$861,341.25 100%100%Development and distribution
of IT products
陽光雨露信息技術服務（北京）有限公司
(Sunny Information Technology
Service, Inc.)1
(Chinese-foreign equity joint venture)
Chinese Mainland RMB20,000,000 100%100%Provision of repair services for
computer hardware and
software systems
Notes:
(i) All the above subsidiaries operate principally in their respective places of incorporation or establishment.
(ii) All the Chinese Mainland subsidiaries and Motorola’s subsidiaries are limited liability companies. They have adopted December
31 as their financial year end date for statutory reporting purposes. For the preparation of the consolidated financial
statements, financial statements of these Chinese Mainland subsidiaries for the years ended March 31, 2015 and 2016, and
Motorola’s subsidiaries for the year ended March 31, 2016 and period ended March 31, 2015 have been used.
(iii) The company whose English name ends with a “1” is a direct transliteration of its Chinese registered name.
(iv) Medion AG is a publicly traded German stock corporation listed on the Frankfurt am Main stock exchange.
38 APPROVAL OF FINANCIAL STATEMENTS
The financial statements were approved by the board of directors on May 26, 2016.