FGV Annual Report 2012

67 F i n a n c i a l S t a t e m e n t s 2 0 1 2 P e n y a t a K e w a n g a n 21 INVESTMENT IN SUBSIDIARIES (continued) (a) Details of subsidiaries are as follows (continued): Country of Group’s effective interest Name of subsidiary incorporation Principal activities 2012 2011 % % Indirect subsidiaries (continued) Subsidiary of Felda Global Ventures Downstream Sdn Bhd Felda Global Ventures North America Sdn Bhd**© Malaysia Investment holding 100.0 100.0 Subsidiaries of Felda Global Ventures North America Sdn Bhd Twin Rivers Technologies Holdings, Inc.#ᮥ United States of America Investment holding 100.0 100.0 Twin Rivers Technologies Holdings Enterprise De Transformation De Graines Oleagineuses* Canada Investment holding 100.0 100.0 Felda Global Ventures North America U.S., Llc#@√ United States of America Provision of treasury services – 100.0 Subsidiaries of Twin RiversTechnologies Holding, Inc. Twin Rivers Technologies Manufacturing Corporation#α United States of America Procurement, processing 100.0 100.0 and supply of fatty acids Twin Rivers Technologies US, Inc.¥ United States of America Investment holding – 100.0 Subsidiary of Twin Rivers Technologies Holdings Enterprise DeTransformation De Graines Oleagineuses Du Quebec Ulc. Twin Rivers Technologies Enterprise De Transformation De Graines Oleagineuses Du Quebec Inc*α Canada Processing canola seed and soybean and 100.0 100.0 its related by-products on behalf of a jointly controlled entity Subsidiary of Twin Rivers Technologies Manufacturing Corporation Fore River Transportation Corporation#α United States of America Operation, management and 100.0 100.0 maintenance of a railroad service Subsidiaries of Felda Global Ventures Plantations Sdn Bhd Felda Global Ventures Plantations (Malaysia) Sdn Bhd+ Malaysia Production of FFB, rubber cup-lump, 100.0 – commodity trading, management of plantation estates and other biological assets Felda Global Ventures Kalimantan Sdn Bhd**• Malaysia Investment holding 100.0 100.0 Subsidiaries of Felda Global Ventures Kalimantan Sdn Bhd PT. Citra Niaga Perkasa#€ Indonesia Oil palm plantation 95.0 –