90
FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
(cont’d)
12. INVESTMENTS IN SUBSIDIARIES (CONT’D)
Country of
Effective
Name of Subsidiaries
Incorporation
Equity Interest
Principal Activities
2014 2013
% %
Indirect Subsidiaries
Ares Green Technology
Taiwan
57.92 57.92
Provision of surface
Corporation
1
treatment and advanced
precision cleaning for the
TFT - LCD (Thin Film
Transistor - Liquid Crystal
display) and semi-conductor
industries.
Ares Green International
Samoa
57.92 57.92
Investment holding.
Corporation
1
Frontken Projects Pte.
Singapore
51
51
General contractors and
Ltd.
1
process and individual plant
engineering services.
1
The financial statements of the subsidiaries are audited by auditors other than the auditors of the
Company.
2
The financial statements of the subsidiaries are audited by Messrs. Crowe Horwath.
3
FMIC and TTES are considered a subsidiary of the Group as the Group has control over the operating
and management policies of these subsidiaries via the board of directors appointed by the Group.
The non-controlling interests at the end of the reporting period comprise the following:-
The Group
2014
2013
RM
RM
Ares Green Technology Corporation
29,115,223
26,075,334
TTES Frontken Integrated Services Sdn. Bhd.
(formerly known as TTES Team & Specialist Sdn. Bhd.)
3,278,556
–
Frontken Projects Pte. Ltd.
2,034,306
2,123,565
Other individually immaterial subsidiaries
(1,515,017)
(275,163)
32,913,068
27,923,736
