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Notes to the Financial Statements
VTech Holdings Ltd Annual Report 200652
23 Principal Subsidiaries
Details of the Company’s interests in those subsidiaries which materially affect the results or assets of the Group as at 31st March
2006 are set out below:
Percentage of
Fully paid issued interest held by
Name of subsidiary share capital the Group Principal activity
Incorporated and operating in Hong Kong:
VTech Communications Limited Ordinary HK$1,000 *100 Design, manufacture and sale of
Deferred HK$5,000,000 electronic equipment
VTech Electronics Limited Ordinary HK$5,000,000 *100 Design, manufacture and distribution
of electronic products
VTech Telecommunications Limited Ordinary HK$1,000 *100 Design, manufacture and distribution
Deferred HK$5,000,000 of telecommunication products
Perseus Investments Limited Ordinary HK$1,000 100 Property holding
Deferred HK$1,000
Valentia Investment Limited Ordinary HK$1,000 100 Property holding
Deferred HK$1,000
Incorporated and operating in Canada:
VTech Telecommunications Class A C$5,000 *100 Sale of telecommunication products
Canada Limited Class B C$195,000 *100
Incorporated and operating in France:
VTech Electronics Europe S.A.S. EURO 2,067,310 *100 Sale of electronic products
Incorporated and operating in Germany:
VTech Electronics Europe GmbH EURO 2,600,000 *100 Sale of electronic products
Incorporated and operating
in the Netherlands:
VTech Electronics Europe B.V. EURO 18,100 *100 Sale of electronic products
Incorporated and operating
in the People’s Republic of China:
VTech (Qingyuan) Plastics & HK$107,242,964 *100 Manufacturing of plastics products
Electronics Limited
Incorporated and operating in Spain:
VTech Electronics Europe, S.L. EURO 500,000 *100 Sale of electronic products
Incorporated and operating
in the United Kingdom:
VTech Electronics Europe plc GBP 500,000 *100 Sale of electronic products
Incorporated and operating
in the United States:
VTech Electronics North America, L.L.C. US$22,212,997 *100 Sale of electronic products
VTech Communications, Inc. US$300,000 *100 Sale of telecommunication products
* Indirectly held by subsidiary companies