Vtech 2001 Annual Report Download - page 66

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27. PRINCIPAL SUBSIDIARIES (Continued)
Name of subsidiary
Fully paid issued
share capital
Percentage of
interest held by
the Group Principal activity
Incorporated and operating in Germany:
VTech Electronics Germany GmbH DM5,085,158 *100 Sale of electronic
products
Incorporated and operating in Spain:
VTech Electronics Spain S.L. ESP386,381,569 *100 Sale of electronic
products
Incorporated and operating in Mexico:
VTech Innovations, S.A. de CV Class A PESO5,000 *100 Manufacture of
telecommunication
products
Class B PESO80,840,930
VTech Communications Mexico S.A.
de C.V.
PESO25,490,000 *100 Manufacture and repair
of telecommunication
products
Incorporated and operating in the U.S.:
VTech Industries, LLC. US$22,212,997 *100 Sale of electronic
products
VTech Communications, Inc. US$300,000 *100 Sale of
telecommunication
products
VTech Innovation L.P. US$110,000,100 *100 Sale of
telecommunication
products
Incorporated and operating in Canada:
VTech Electronics Canada Limited Class A C$5,000 *40 Sale of electronic and
telecommunication
products
Class B C$195,000 *100
64
Notes to the Financial Statements