41. ASSOCIATES AND PRINCIPAL ACTIVITIES Effective interest Country of held (%) Name of company incorporation Principal activities 2021 2020 FPSO Ventures Sdn. Bhd. Malaysia Provision of and operations 20 – maintenance of FPSO, FSO, MOPU and Fixed Facilities and management consultancy to the oil and gas industry MISC Agencies Lanka Sri Lanka In liquidation 40 40 (Pvt) Limited Eaglestar Marine (Philippines) Philippines Provision of crew management 24 24 Corporation services Nikorma Transport Limited Nigeria LNG transportation – 30 42. JOINT ARRANGEMENTS AND PRINCIPAL ACTIVITIES (a) Joint ventures and principal activities Effective interest Country of held (%) Name of company incorporation Principal activities 2021 2020 Malaysia Vietnam Offshore Malaysia FSO owner 51 51 Terminal (L) Ltd. **** Malaysia Deepwater Floating Malaysia FPSO owner 51 51 Terminal (Kikeh) Ltd. **** Malaysia Deepwater Malaysia Operating and maintaining 51 51 Production Contractors FPSO terminal Sdn. Bhd. **** Vietnam Offshore Floating Malaysia FPSO owner 40 40 Terminal (Ruby) Ltd. *** Diamond LNG Shipping 5 Singapore Owning and chartering LNG vessel 25.5 25.5 Pte. Ltd. **** Diamond LNG Shipping 6 Singapore Owning and chartering LNG vessel 25.5 25.5 Pte. Ltd. **** Western Pacific Bermuda Dormant 60 60 Shipping Ltd. **** 42. JOINT ARRANGEMENTS AND PRINCIPAL ACTIVITIES (CONT'D.) (a) Joint ventures and principal activities (cont'd.) Effective interest Country of held (%) Name of company incorporation Principal activities 2021 2020 Future Horizon (L) Malaysia Carrying on LNG carriage and LNG 51 51 Pte. Ltd. **** bunkering operations ELS Lightering Uruguay Lightering services 50 50 Services S.A.**** Akudel S.A. **** Uruguay Lightering activity 49 49 Cawerty S.A. **** Uruguay Lightering activity 49 49 Zascul S.A. **** Uruguay Lightering activity 49 49 Lifisol S.A. **** Uruguay Provision of oil spill prevention and 50 50 response services Ship Service S.A. **** Uruguay Ship management services 50 50 SBM Systems Inc.*** Switzerland FPSO owner – 49 FPSO Brasil Venture S.A.*** Switzerland Investment and offshore activities – 49 SBM Operacoes Ltda. *** Brazil Operating and maintaining – 49 FPSO terminals Brazilian Deepwater Floating Bermuda Construction of FPSO 49 49 Terminals Ltd. *** Brazilian Deepwater Bermuda Chartering of FPSO 49 49 Production Ltd. *** Brazilian Deepwater Bermuda Operation and maintenance of FPSO 49 49 Production Contractors Ltd. *** Operacoes Maritimas em Mar Brazil Operation and maintenance of FPSO 49 49 Profundo Brasileiro Ltda. *** Brazilian Deepwater Netherlands Chartering of FPSO 49 49 Production B.V. *** NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 MISC Berhad 440 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 441 FINANCIAL STATEMENTS FINANCIAL STATEMENTS
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