INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2015
115.
N
O
T
E
S
T
O
T
H
E
F
IN
A
N
CI
AL
S
TA
TE
M
ENTS
For the financial year ended 31 December 2015
18.
INVESTMENT IN SUBSIDIARY COMPANIES (CONT’D)
(a)
Composition of the Group (cont’d)
Name of subsidiaries
Country of
incorporation
Effective percentage
of equity held
Principal activities
%
2015
2014
Held by PT Lajuperdana Indah
PT Madusari Lampung Indah
(“PT MLI”)
8
Indonesia
45.16
45.16
Ownership of sugar cane
plantations
*
Not required to be audited in the country of incorporation
#
Auditor has not been appointed since the date of incorporation in December 2015
Audited by:
1
Ernst & Young LLP, Singapore
2
Purwantono, Suherman & Surja, Indonesia (member firm of Ernst & Young Global)
3
Hendrawinata Eddy & Siddharta, Indonesia
4
Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan, Indonesia (member firm of Grant Thornton International)
5
Aria Kangka, Indonesia (member firm of Parker Randall)
6
Saw Meng Tee & Partners PAC, Singapore
7
Anwar, Sugiharto & Rekan, Indonesia
8
Jimmy Budhi & Rekan, Indonesia
(b)
Interest in a subsidiary with material non-controlling interest (NCI)
The Group has the following subsidiary that has NCI that are material to the Group.
Name of subsidiary
Principal place
of business
Proportion
of ownership
interest held
by non-
controlling
interest
Profit allocated
to NCI during
the reporting
period
Accumulated
NCI at the end
of reporting
period
Dividends paid
to NCI
% Rp million
Rp million
Rp million
31 December 2015:
PT SIMP
Indonesia
26.54
240,896
9,855,945
218,431
31 December 2014:
PT SIMP
Indonesia
26.54
569,446
9,088,455
176,723
