Yinson Annual Report 2021

255 ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2021 Name of subsidiaries Countries of incorporation Proportion (%) of ownership interest Principal activities 2021 2020 Held through Yinson Production AS: Adoon AS (i) Norway 100 100 Investment holding Allan AS (i) Norway 100 100 Investment holding Floating Operations and Production Pte. Ltd. (i) Singapore 100 100 Provision of operations and maintenance of floating marine assets to the offshore oil and gas industry Yinson Lavender Operations Sdn. Bhd. Malaysia 100 100 Provision of operations and maintenance of floating marine assets to the offshore oil and gas industry Yinson Operations & Production West Africa Limited (i)(ix) Nigeria 40 40 Provision of operations and maintenance of floating marine assets to the offshore oil and gas industry Held through Adoon AS: Adoon Pte. Ltd. (i) Singapore 100 100 Provision of floating marine assets for chartering and service activities incidental to oil and gas extraction Held through Allan AS: Knock Allan Pte. Ltd. (i) Singapore 100 100 Dormant Held through Yinson Production AS and Floating Operations and Production Pte. Ltd.: Yinson Malva Operations S.A. DE C.V. (vi) (In Dissolution & Liquidation) Mexico 100 100 Dormant Held through Yinson Production Capital Pte. Ltd. (formerly known as Yinson Malva Production Pte. Ltd.): Yinson Production Pte. Ltd. (i)(vii) Singapore 100 100 Provision of engineering design and consultancy services relating to the offshore oil and gas industry 19. Investment in subsidiaries (continued) (a) Details of subsidiaries are as follows: (continued)