Creative 2014 Annual Report Download - page 61

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61
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
32. NEW OR REVISED ACCOUNTING STANDARDS AND INTERPRETATIONS
There are no mandatory standards, amendments and interpretations to existing standards that have been published, and are relevant
for the Group’s accounting periods beginning on or after 1 July 2014 or later periods and which the Group has not early adopted.
33. AUTHORISATION OF FINANCIAL STATEMENTS
These nancial statements were authorised for issue in accordance with a resolution of the Board of Directors of CREATIVE
TECHNOLOGY LTD. on 24 September 2014.
34. LISTING OF SIGNIFICANT COMPANIES IN THE GROUP
Country of business/
   
2014 2013
% %
Significant subsidiaries held by the Group
Creative Labs, Inc. (a) Distribution of digitised United States 100 100
sound and video boards, of America
computers, related
multimedia and personal
digital entertainment
products
Creative Labs (Ireland) Ltd (c) Distribution of digitised Republic of 100 100
sound and video boards, Ireland
computers, related
multimedia and personal
digital entertainment
products
QMax Pte Ltd Provision of data Singapore 100 100
and subsidiary companies (b) communications,
telecommunications,
wireless broadband and
related services
CTI Limited (a) Investment holding Bermuda 100 100
CTI II Limited (a) Investment holding Bermuda 100 100
(a) Not required to be audited under the laws of the country of incorporation
(b) Audited by PricewaterhouseCoopers LLP, Singapore
(c) Audited by PricewaterhouseCoopers, Dublin
All the Singapore-incorporated subsidiaries were audited by the Company’s auditor, PricewaterhouseCoopers LLP, Singapore.
For subsidiaries which appointed different auditors, the Audit Committee and Board of Directors are satised that the
appointment would not compromise the standard and effectiveness of the audit.
There are no signicant associated companies held by the Group.