Finance
Last updated:Ìý8 july, 2009 - 12:00 GMT
6. Investments
| ´óÏó´«Ã½ World Service holds the following interests in companies, at cost: |
Holding of issued ordinary shares % |
|---|---|
| Subsidiaries | |
|
´óÏó´«Ã½ Croatia d.o.o. (incorporated in Croatia) |
100 |
|
´óÏó´«Ã½ do Brasil Limitada (incorporated in Brazil) |
100 |
|
´óÏó´«Ã½ East Asia Relay Company Limited (incorporated in Hong Kong) |
100 |
|
´óÏó´«Ã½ Kiev LLC (incorporated in Ukraine) |
100 |
|
´óÏó´«Ã½ Morocco SA (incorporated in Morocco) |
100 |
|
´óÏó´«Ã½ Pakistan Private Limited (incorporated in Pakistan) |
100 |
|
´óÏó´«Ã½ R (incorporated in Russia) |
100 |
|
´óÏó´«Ã½ Radiocom (Bulgaria) EOOD (incorporated in Bulgaria) |
100 |
|
´óÏó´«Ã½ Radiocom (Praha) s.r.o. (incorporated in the Czech Republic) |
100 |
|
´óÏó´«Ã½ Radiocom (Romania) SRL (incorporated in Romania) |
100 |
|
´óÏó´«Ã½ Radiocom Deutschland GmbH (incorporated in Germany) |
100 |
|
´óÏó´«Ã½ Ukraine LLC (incorporated in Ukraine) |
100 |
|
´óÏó´«Ã½ World Service Hong Kong Limited (incorporated in Hong Kong) |
100 |
|
´óÏó´«Ã½ World Service India Private Limited (incorporated in India) |
100 |
| ´óÏó´«Ã½ World Service Trust * | |
| Ìý | Ìý |
| Associates | |
|
Aerial Radio Musorszoro KFT (incorporated in Hungary) |
50 |
|
Multimedia Ventures Limited (incorporated in Great Britain) |
50 |
| * The ´óÏó´«Ã½ World Service Trust is a charitable company limited by guarantee, of which the ´óÏó´«Ã½ is the sole member. | |
Although ´óÏó´«Ã½ World Service is technically the parent of the ´óÏó´«Ã½ World Service Trust, it is exempt from consolidation. This is because the trustees have a fiduciary duty to act in the best interests of the beneficiaries and as substantially all of the income is made up of grants, which are classified as restricted funds because their use is specified by donors, ´óÏó´«Ã½ World Service has no direct control over, or financial interest in, the assets.
The results and balances of the other companies listed above are presented in the consolidated financial statements and the notes to these financial statements.
Annual review 2008/09
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