UOB Annual Report 2002 - United Overseas Bank
UOB Annual Report 2002 - United Overseas Bank
UOB Annual Report 2002 - United Overseas Bank
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Notes to the Financial Statements<br />
for the financial year ended 31 December <strong>2002</strong><br />
46 Subsidiaries<br />
The subsidiaries of the Group as at the balance sheet date are as follows:<br />
Percentage of<br />
Paid–Up Capital Held By<br />
Country of Place of Carrying Amount of<br />
Incorporation Business The <strong>Bank</strong> Subsidiaries <strong>Bank</strong>’s Investment<br />
<strong>2002</strong> 2001 <strong>2002</strong> 2001 <strong>2002</strong> 2001<br />
% % % % $'000 $'000<br />
Commercial <strong>Bank</strong>ing<br />
Far Eastern <strong>Bank</strong> Limited Singapore Singapore 77 76 – – 37,912 37,387<br />
* PT <strong>Bank</strong> <strong>UOB</strong> Indonesia Indonesia Indonesia 99 80 – – 48,462 30,562<br />
* <strong>United</strong> <strong>Overseas</strong> <strong>Bank</strong> (Canada) Canada Canada 100 100 – – – 18,155<br />
* <strong>United</strong> <strong>Overseas</strong> <strong>Bank</strong><br />
(Malaysia) Bhd Malaysia Malaysia 45 45 55 55 123,731 123,731<br />
* <strong>United</strong> <strong>Overseas</strong> <strong>Bank</strong> Philippines Philippines Philippines 100 60 – – # 21,101<br />
* <strong>UOB</strong> Radanasin <strong>Bank</strong><br />
Public Company Limited Thailand Thailand 79 75 – – 124,087 83,618<br />
Industrial & Commercial <strong>Bank</strong> Limited Singapore Inactive 100 87 – – – 384,286<br />
* <strong>Overseas</strong> Union <strong>Bank</strong><br />
(Malaysia) Berhad Malaysia Inactive – – 100 100 – –<br />
<strong>Overseas</strong> Union <strong>Bank</strong> Limited Singapore Inactive 100 100 – – – 9,014,903<br />
Merchant <strong>Bank</strong>ing<br />
* <strong>UOB</strong> Asia Hong Kong Hong Kong<br />
(Hong Kong) Limited S.A.R. S.A.R. 50 50 50 50 11,687 11,687<br />
<strong>UOB</strong> Asia Limited Singapore Singapore 100 100 – – 9,747 9,747<br />
* <strong>UOB</strong> Australia Limited Australia Australia 100 100 – – 10,865 10,670<br />
+ OUB Australia Ltd<br />
(under voluntary liquidation) Australia Inactive 100 – – 100 – –<br />
Finance<br />
<strong>Overseas</strong> Union Trust Limited Singapore Singapore 100 ### – 53 158,468 398<br />
+ OUB Finance (H.K.) Limited Hong Kong<br />
(liquidated during the year) S.A.R. Inactive – – – 100 – –<br />
Leasing<br />
* OUB Credit Bhd Malaysia Malaysia – – 100 100 – –<br />
+ OUL Sdn Bhd<br />
(under voluntary liquidation) Malaysia Inactive 100 – – 100 – –<br />
Insurance<br />
* PT <strong>UOB</strong> Life - Sun Assurance Indonesia Indonesia – – 80 80 – –<br />
<strong>United</strong> <strong>Overseas</strong> Insurance Limited Singapore Singapore 51 51 – – 7,700 7,700<br />
* <strong>UOB</strong> Insurance (H.K.) Limited Hong Kong Hong Kong<br />
S.A.R. S.A.R. – – 100 100 – –<br />
<strong>UOB</strong> Life Assurance Limited Singapore Singapore 88 88 12 12 31,509 40,116<br />
162
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