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 Indoagri Inti Plantation PT Gunung Mas Raya (PT GMR) 2 Indonesia 72.00 72.00 Ownership of oil palm plantations and mill PT Indriplant (PT IP) 2 Indonesia 72.00 72.00 Ownership of oil palm plantations and mill PT Serikat Putra (PT SP) 2 Indonesia 72.00 72.00 Ownership of oil palm plantations and mill PT Cibaliung Tunggal Plantations (PT CTP) 2 Indonesia 72.00 72.00 Ownership of oil palm plantations Held by PT Serikat Putra PT Intimegah Bestari Pertiwi (PT IBP) 2 Indonesia 72.00 72.01 Ownership of oil palm plantations PT Kencana Subur Sejahtera (PT KSS) 8 Indonesia 72.01 72.01 Macronutrients mix fertilizer industry PT Pratama Citra Gemilang (PT PCG) 8 Indonesia 72.01 72.01 Prefabrication industry Held by Silveron Investments Limited Asian Synergies Limited (ASL) 3 British Virgin Islands 73.46 73.46 Investment holding Held by PT Mentari Subur Abadi PT Agro Subur Permai (PT ASP) 3 Indonesia 58.77 58.77 Ownership of oil palm plantations 118 GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Indofood Agri Resources Ltd
RkJQdWJsaXNoZXIy NTkwNzg=