Notes to the Financial Statements - Swissco Holdings Limited

Notes
to the Financial Statements
For the financial year ended 31 December 2009
14. Other current assets
Group
Company
2009 2008 2009 2008
$ $ $ $
Prepayments 349,587 801,783 10,505 16,744
Advance payment for purchase of
property, plant and equipment 103,600 500,150 – –
Deposits 152,707 156,683 453 452
605,894 1,458,616 10,958 17,196
15. Investments in subsidiaries
Company
2009 2008
$ $
Unquoted equity shares, at cost 7,835,782 7,785,782
Details of subsidiaries are as follows:
Name of company
Principal activities
Country of
incorporation /
place of
business
Equity holding
2009 2008
% %
Swissco Offshore Pte Ltd (a)
Singapore Marine Logistics
Pte Ltd (a)
Operator of offshore support
vessels, ship chartering,
provision of marine logistics
services and related business
Ship repair and maintenance
and related services
Singapore 100 100
Singapore 100 100
Swissco Asia Pte Ltd (a) Ship owner and ship operator Singapore 100 100
Swissco Offshore Ltd (b)
Holding the Seychelles-flagged
vessels in trust for Swissco
Offshore Pte Ltd
Republic of
Seychelles
100 100
Swissco Maritime Pte Ltd (a) Ship owner and ship operator Singapore 100 100
Swissco Ship Services Pte Ship owner and ship operator Singapore 100 –
Ltd (a)
Regional Marine Supply Dormant Singapore 99.998 99.998
Private Limited (c)
59 Annual Report 2009 Swissco International Limited