Vtech 2001 Annual Report Download - page 67

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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 the Netherlands:
VTech Electronics Netherlands B.V. DFL33,550,000 *100 Sale of electronic
products
Incorporated and operating in the United Kingdom:
VTech Electronics (UK) Plc. GBP500,000 *100 Sale of electronic
products
Incorporated in the British Virgin Islands and operating in the People's Republic of China:
Asian Luck Limited US$1 *100 Manufacture of
electronic and
telecommunication
products
* indirectly held by subsidiary companies
28. RELATED PARTY TRANSACTIONS
In the normal course of business and on normal commercial terms, the Group undertakes a variety of
transactions with certain of its associates. None of these transactions was material to the Group's results.
29. APPROVAL OF FINANCIAL STATEMENTS
The financial statements were approved by the board on 27th June 2001.
65
Notes to the Financial Statements
VTech Holdings Ltd Annual Report 2001