Finance
Last updated:Ìý8 july, 2009 - 12:00 GMT
6. Investments
| ³ÉÈË¿ìÊÖ World Service holds the following interests in companies, at cost: |
Holding of issued ordinary shares % |
|---|---|
| Subsidiaries | |
|
³ÉÈË¿ìÊÖ Croatia d.o.o. (incorporated in Croatia) |
100 |
|
³ÉÈË¿ìÊÖ do Brasil Limitada (incorporated in Brazil) |
100 |
|
³ÉÈË¿ìÊÖ East Asia Relay Company Limited (incorporated in Hong Kong) |
100 |
|
³ÉÈË¿ìÊÖ Kiev LLC (incorporated in Ukraine) |
100 |
|
³ÉÈË¿ìÊÖ Morocco SA (incorporated in Morocco) |
100 |
|
³ÉÈË¿ìÊÖ Pakistan Private Limited (incorporated in Pakistan) |
100 |
|
³ÉÈË¿ìÊÖ R (incorporated in Russia) |
100 |
|
³ÉÈË¿ìÊÖ Radiocom (Bulgaria) EOOD (incorporated in Bulgaria) |
100 |
|
³ÉÈË¿ìÊÖ Radiocom (Praha) s.r.o. (incorporated in the Czech Republic) |
100 |
|
³ÉÈË¿ìÊÖ Radiocom (Romania) SRL (incorporated in Romania) |
100 |
|
³ÉÈË¿ìÊÖ Radiocom Deutschland GmbH (incorporated in Germany) |
100 |
|
³ÉÈË¿ìÊÖ Ukraine LLC (incorporated in Ukraine) |
100 |
|
³ÉÈË¿ìÊÖ World Service Hong Kong Limited (incorporated in Hong Kong) |
100 |
|
³ÉÈË¿ìÊÖ World Service India Private Limited (incorporated in India) |
100 |
| ³ÉÈË¿ìÊÖ World Service Trust * | |
| Ìý | Ìý |
| Associates | |
|
Aerial Radio Musorszoro KFT (incorporated in Hungary) |
50 |
|
Multimedia Ventures Limited (incorporated in Great Britain) |
50 |
| * The ³ÉÈË¿ìÊÖ World Service Trust is a charitable company limited by guarantee, of which the ³ÉÈË¿ìÊÖ is the sole member. | |
Although ³ÉÈË¿ìÊÖ World Service is technically the parent of the ³ÉÈË¿ìÊÖ World Service Trust, it is exempt from consolidation. This is because the trustees have a fiduciary duty to act in the best interests of the beneficiaries and as substantially all of the income is made up of grants, which are classified as restricted funds because their use is specified by donors, ³ÉÈË¿ìÊÖ World Service has no direct control over, or financial interest in, the assets.
The results and balances of the other companies listed above are presented in the consolidated financial statements and the notes to these financial statements.
Annual review 2008/09
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