FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
82
NOTES TO FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 (CONT’D)
14 SUBSIDIARIES (CONT’D)
The details of the subsidiaries are as follows: (Cont'd)
Name of subsidiary
Country of
incorporation/
place of
business
Effective equity interest
held by the Group
Principal activities
Company
Subsidiary
2015
%
2014
%
2015
%
2014
%
Optiwa B.V.
(7)
The Netherlands
-
-
100
100 Manufacturing and/or
assembly of precision
mechanical parts and
modules
Frencken Engineering
B.V.
(7)
The Netherlands
-
-
100
100 Research,
development and
engineering
Frencken Logistics &
Assembly B.V.
(7)
The Netherlands
-
-
100
100 Provision of services
to Group companies
Frencken Investments
B.V.
(7)
The Netherlands
-
-
100
100 Property holding
company
NTZ International
Holding B.V.
(9)
The Netherlands
-
-
100
100 Investment holding
company
NTZ Nederland B.V.
(9)
The Netherlands
-
-
100
100 Design, engineering,
manufacturing and
sales of filters
NTZ Micro
Filtration Inc.
(9)
USA
-
-
100
100 Investment holding
company
NTZ Micro
Filtration LLC
(9)
USA
-
-
100
100 Design, engineering
and sales of filters
Allmepp Holding
B.V.
(7)
The Netherlands
-
-
100
100 Intellectual property
and patent holding
company
Frencken Allmepp
Projects B.V.
(14)
The Netherlands
-
-
-
100 Research,
development and
engineering
Frencken America Inc.
(9)
USA
-
-
80
80 Designs, engineers
and manufactures
mechatronic modules,
products and systems
