Notes to The
Financial Statements
Year ended 31 December 2015
5 Interests in subsidiaries
Trust
2015
2014
$’000
$’000
Equity investments, at cost
553,832
583,643
Amount due from subsidiary (non-trade)
4,075
4,075
557,907
587,718
Amount due from subsidiary is unsecured and interest-free. The settlement of the amount is neither planned nor
likely to occur in the foreseeable future. As this balance is, in substance, part of the Trust’s net investment in the
subsidiary, it is stated at cost less accumulated impairment losses.
Details of the subsidiaries are as follows:
Name of subsidiary
Principal activities
Place of
incorporation
and business
Effective equity
interest held by
the Group
2015
2014
%
%
* Matsudo Investment Pte. Ltd.
Investment holding
Singapore
100
100
** Godo Kaisha Phoebe
(1)
Special purpose entity
– Investment in real estate
Japan
100
100
* Parkway Life Japan2 Pte. Ltd.
Investment holding
Singapore
100
100
** Godo Kaisha Urbino
Special purpose entity
– Investment in real estate
Japan
100
100
** Godo Kaisha Del Monte
Special purpose entity
– Investment in real estate
Japan
100
100
** Godo Kaisha Tenshi 1
Special purpose entity
– Investment in real estate
Japan
100
100
** Godo Kaisha Tenshi 2
(1)
Special purpose entity
– Investment in real estate
Japan
100
100
* Parkway Life MTN Pte. Ltd.
Provision of financial and
treasury services
Singapore
100
100
* Parkway Life Japan3 Pte. Ltd.
Investment holding
Singapore
100
100
** Godo Kaisha Healthcare 1
(1)
Special purpose entity
– Investment in real estate
Japan
100
100
** Godo Kaisha Healthcare 2 Special purpose entity
– Investment in real estate
Japan
100
100
** Godo Kaisha Healthcare 3
Special purpose entity
– Investment in real estate
Japan
100
100
112
ParkwayLife REIT
Annual Report 2015
