96
NOTES TO FINANCIAL STATEMENTS
March 31, 2013
2013
2012
%
%
Fairprice Management Services Pte Ltd Singapore
100
100
Dormant
Interstates Market (2007) Pte Ltd
Singapore
100
100
Trading
FPTM Pte Ltd
Singapore
100
100
Investment holding
Fairprice International (2010) Pte Ltd Singapore
100
100
Dormant
Thomson Plaza (Private) Limited
Singapore
100
100
Dormant
Subsidiaries of AlphaPlus Investments Pte Ltd
Thomson Plaza Investments Pte Ltd Singapore
100
100
Property owner
NTUC Fairprice Foundation Ltd
Singapore
*
*
Charitable organisation
Country of
Proportion
incorporation
of ownership
and
interest and voting
Name of subsidiary
operation
power held
Principal activities
10. SUBSIDIARIES (CONT’D)
The above subsidiaries are audited by Deloitte & Touche LLP, Singapore.
* The result and net assets of NTUC Fairprice Foundation Ltd (“Foundation”) have not been consolidated as the
Memorandum of Association of the Foundation provides that it cannot pay, or transfer directly or indirectly from its
income and property to the member in the form of dividend, bonus, or by way of profit, except for payments made in
good faith for the return of goods and services. Furthermore, the Memorandum provides that in the event of winding
up of the Foundation, the remains after the satisfaction of all its debts and liabilities shall not be paid to or distributed
to the member of the Foundation. Approval from the Commissioner of Charities is required if the member were to
amend the clauses in the Memorandum of Association. Consequently, the Group does not have control over the assets
and reserve of the Foundation.
