291 ANNUAL REPORT 2022 ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2022 Name of subsidiaries Countries of incorporation Proportion (%) of ownership interest Principal activities 2022 2021 Held through YR Italy Pte. Ltd.: YR Crucoli Pte Ltd (i)(iii) Singapore 100 - Investment holding YR Menta Wind Pte. Ltd. (i) Singapore 100 100 Investment holding and provision of management services YR Messinello Wind Pte. Ltd. (i) Singapore 100 100 Investment holding and provision of management services YR Paceco Solar Pte. Ltd. (i) Singapore 100 100 Investment holding and provision of management services YR Santa Giusta Solar Pte Ltd (i)(iii)(vi) Singapore 100 - Investment holding YR Mazara Pte Ltd (i)(iii) Singapore 100 - Investment holding Held through YR Malaysia Pte. Ltd.: YR C&I Pte Ltd (i)(iii)(vi) Singapore 100 - Investment holding Held through YR New Zealand Pte. Ltd.: YR Pouto Wind Pte. Ltd. (i)(iii) Singapore 100 - Investment holding and provision of management services 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 19. Investment in subsidiaries (continued) (a) Details of subsidiaries are as follows: (continued)
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