Singapore Airlines 2014 Annual Report Download - page 168

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166
NOTES TO THE FINANCIAL STATEMENTS
31 March 2014
SINGAPORE AIRLINES
23 Subsidiary Companies (in $ million) (continued)
(a) Composition of the Group (continued)
The subsidiary companies at 31 March are:
Percentage of
Country of equity held by
incorporation and the Group
Principal activities place of business 2014 2013
SilkAir (Singapore) Private Limited Air transportation Singapore 100.0 100.0
Scoot Pte. Ltd. Air transportation - do - 100.0 100.0
Tradewinds Tours & Travel Private Tour wholesaling - do - 100.0 100.0
Limited(4)
Singapore Aviation and General Aviation insurance - do - 100.0 100.0
Insurance Company (Pte) Limited
Singapore Flying College Pte Ltd Training of pilots - do - 100.0 100.0
Sing-Bi Funds Private Limited Inactive - do - 100.0 100.0
Singapore Airport Duty-Free Inactive - do - 76.0 76.0
Emporium (Private) Limited
Abacus Travel Systems Pte Ltd(5) Marketing of Abacus computer - do - 61.0 61.0
reservations systems
SIA (Mauritius) Ltd@ Pilot recruitment Mauritius 100.0 100.0
All the Singapore-incorporated subsidiary companies are audited by Ernst & Young LLP, Singapore
(1) Held by SIA Engineering Company
(2) The company is considered a subsidiary of the Group by virtue of the management control over financial and operating policies of the company
(3) Held by Singapore Airlines Cargo
(4) Held by SilkAir (Singapore) Private Limited
(5) Held by the Company (56%) and SilkAir (Singapore) Private Limited (5%)
* Audited by member firms of Ernst & Young Global in the respective countries
** Audited by Shanghai Hui Hong Certified Public Accountants Co., Ltd, China
@ Not required to be audited under the law in country of incorporation
+ Financial year end 31 December