Ntegrator International Ltd. - Annual Report 2020

78 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2020 14. Investments in subsidiary corporations Company 2020 2019 S$’000 S$’000 Equity investments at cost Beginning and end of financial year 18,000 18,000 The Group had the following subsidiary corporations as at 31 December 2020 and 2019: Proportion of Proportion of Proportion of ordinary shares Country of ordinary shares ordinary shares held by business/ held by held by non-controlling Name Principal activities incorporation the Company the Group interests 2020 2019 2020 2019 2020 2019 % % % % % % Ntegrator To provide system Singapore 100 100 100 100 - - Pte Ltd (1) integration services of voice, video and data communication networks and building construction cable/civil works for underground, road and inbuilding Held by Ntegrator Pte Ltd Fiber Reach To provide building Singapore - - 60 60 40 40 Pte. Ltd. (1) construction NEC (fiber patching, splicing, installation and maintenance) (1) Audited by Nexia TS Public Accounting Corporation, Singapore. Carrying value of non-controlling interests 2020 2019 S$’000 S$’000 Equity investments at cost Fiber Reach Pte. Ltd. (3,863) (1,596) Summarised financial information of subsidiary corporations with material non-controlling interests Set out below are the summarised financial information for each subsidiary corporation that has non-controlling interests that are material to the Group. These are presented before inter-company eliminations. There were no transactions with non-controlling interests for the financial years ended 31 December 2020 and 2019.