Vtech 2002 Annual Report Download - page 66

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VTech Holdings Ltd64
Notes to the Financial Statements
26. PRINCIPAL SUBSIDIARIES (continued)
Percentage of
Fully paid issued interest held by
Name of subsidiary share capital the Group Principal activity
Incorporated and operating in Hong Kong: (continued)
VTech Communications Limited Ordinary HK$1,000 *100 Design, manufacture and
Deferred HK$5,000,000 distribution of
telecommunication equipment
VTech Telecommunications Limited Ordinary HK$1,000 *100 Design, manufacture and
Deferred HK$5,000,000 distribution of
telecommunication equipment
Incorporated and operating in France:
# VTech Electronics Europe S.A. FRF20,000,000 *100 Sale of electronic products
(formerly VTech Electronics
France S.A.)
Incorporated and operating in Germany:
VTech Electronics Europe GmbH DM5,085,158 *100 Sale of electronic products
(formerly VTech Electronics
Germany GmbH)
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 C.V. Class A PESO5,000 *100 Manufacture of
Class B PESO80,840,930 telecommunication products
Incorporated and operating in the US:
# 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
# HomeRelay Communication, Inc. US$10,072,800 *85 Provision of web services
Incorporated and operating in Canada:
VTech Electronics Canada Limited Class A C$5,000 *100 Sale of electronic and
Class B C$195,000 *100 telecommunication products
Incorporated and operating in the Netherlands:
VTech Electronics Europe B.V. DFL33,550,000 *100 Sale of electronic products
(formerly VTech Electronics
Netherlands B.V.)