FRASERS HOSPITALITY TRUST ANNUAL REPORT 2015
177
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 20 JUNE 2014 (DATE OF CONSTITUTION) TO 30 SEPTEMBER 2015
22.
INVESTMENTS IN SUBSIDIARIES
The subsidiaries of FHT and FH-REIT are as follows:
Name of subsidiary
Country of
constitution
Principal activities/
place of business
Effective equity
held by FHT
30 Sep 2015
%
Held by FH-REIT
Excellence Prosperity TMK Pte. Ltd.
(1)
Singapore
Investment holding
Singapore
100
FHT Australia Pte. Ltd.
(1)
Singapore
Investment holding
Singapore
100
FHT Australia Trust
(2)
Australia
Investment holding
Australia
100
(4)
FHT Japan Pte. Ltd.
(1)
Singapore
Investment holding
Singapore
100
FHT Malaysia Pte. Ltd.
(1)
Singapore
Investment holding
Singapore
100
FHT UK Pte. Ltd.
(1)
Singapore
Investment holding
Singapore
100
Held by FH-REIT subsidiaries
FHT Australia Trust
(2)
Australia
Investment holding
Australia
100
(4)
FHT Sydney Trust 1
(2)
Australia
Property holding
Australia
100
FHT Sydney Trust 2
(2)
Australia
Property holding
Australia
100
FHT Sydney Trust 3
(2)
Australia
Property holding
Australia
100
FHT London 1 Ltd
(3)
Jersey Channel
Islands
Property holding
Jersey
100
FHT London 2 Ltd
(3)
Jersey Channel
Islands
Property holding
Jersey
100
FHT London 3 Ltd
(3)
Jersey Channel
Islands
Property holding
Jersey
100
FHT London 4 Ltd
(3)
Jersey Channel
Islands
Property holding
Jersey
100
FHT Scotland 1 Ltd
(3)
Jersey Channel
Islands
Property holding
Jersey
100
FHT Scotland 2 Ltd
(3)
Jersey Channel
Islands
Property holding
Jersey
100
Kobe Excellence TMK
(2)
Japan
Property holding
Japan
100
Excellence Prosperity (Japan) KK
(2)
Japan
Investment holding
Japan
100
Notable Vision Sdn. Bhd.
(2)
Malaysia
Property holding
Malaysia
100
(5)
(1) Audited Ernst & Young LLP Singapore
(2) Audited by member firms of Ernst & Young Global in the respective countries
(3) Audited by KPMG LLP Nottingham
(4) Held by FH-REIT and FHT Australia Pte. Ltd. in shareholdings of 50.3% and 49.7% respectively.
(5) This structured entity is consolidated in the financial statements in accordance with FRS 110 -
Consolidated Financial Statements
as the
Stapled Group is able to demonstrate control on its investment in the structured entity.
