Notes tothe financial statements For the financial year ended 31 December 2023 19. 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 % 2023 2022 Held by PT Salim Ivomas Pratama Tbk (cont’d) PT Sarana Inti Pratama (PT SAIN) 3 Indonesia 73.46 73.46 Investment, research, management and technical services, and oil palm seed breeding PT Mentari Subur Abadi (PT MSA) 3 Indonesia 57.23 57.23 Investment and ownership of oil palm plantations and mill PT Mega Citra Perdana (PT MCP) 4 Indonesia 21.83 21.83 Investment holding PT Swadaya Bhakti Negaramas (PT SBN) 3 Indonesia 43.20 43.20 Ownership of oil palm plantations PT Lajuperdana Indah (PT LPI) 2 Indonesia 22.44 22.44 Ownership of sugar cane plantations and sugar mills/ refineries PT Mitra Intisejati Plantation (PT MISP) 3 Indonesia 73.46 73.46 Ownership of oil palm plantations and mill PT PP London Sumatra Indonesia Tbk (Lonsum) 2 Indonesia 43.72 43.72 Business of breeding, planting, milling and selling of oil palm products, rubber and other crops PT Cakra Alam Makmur (PT CAM) 3 Indonesia 73.46 73.46 Ownership of bulking facilities PT Hijaupertiwi Indah Plantations (PT HPIP) 3 Indonesia 73.46 73.46 Ownership of oil palm plantations and mill PT Cangkul Bumisubur (PT CBS) 3 Indonesia 73.31 73.31 Ownership of oil palm plantations 116 GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Indofood Agri Resources Ltd
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