87
11.Associates (cont’d)
Details of the associates as at December 31, 2014 are as follows:
Name of company
Country of
incorporation
and operation
Proportion of ownership
interest and voting
power held
Principal
activities
December 31,
2014
December 31,
2013
%
%
NTUC Link Pte Ltd
(1)
Singapore
24.8
24.8 Operator of loyalty
programme
NTUC Media
Singapore
-
26.0
Radio station
Co-operative Ltd
(3)
operator
One Marina Property
Singapore
20.0
20.0 Provision of facility
Services Pte Ltd
(2)
management,
project management,
marketing and
leasing services
NTUC Foodfare
Singapore
50.0
50.0 Managing of food
Co-operative Ltd
(2)
outlets
SG Domain Pte Ltd
(6)
Singapore
20.0
20.0 Investment holding
Mercatus Co-operative
Limited
(4)
Singapore
36.7
36.7 Property investment
Subsidiary of NTUC
Foodfare Co-operative Ltd
Foodfare Catering Pte
Singapore
35.0
35.0 Provision of cooked
Ltd
(2)
food to army camp
Notes to Financial Statements
December 31, 2014
