THE EMIRATES GROUP ANNUAL REPORT 2014

Page 129

10. Investments in subsidiaries, associates and joint ventures

10. Investments in subsidiaries, associates and joint ventures (continued)

Principal subsidiaries Percentage

Country of

of equity owned Overview

Emirates

dnata

Group

Financial Information

Emirates Financial Commentary

dnata Financial Commentary

Emirates Independent Auditor’s Report

Emirates Consolidated Financial Statements

dnata Independent Auditor’s Report

dnata Consolidated Financial Statements

Additional Information

Percentage

Country of

of equity

incorporation

owned

incorporation Principal activities

and principal operations

Principal activities

and principal operations

Principal subsidiaries

dnata Travel (UK) Limited

100

Travel agency

United Kingdom

dnata Inc.

100

Aircraft handling services

Philippines

Najm Travel LLC

100

Travel agency

United Arab Emirates

Dnata International Airport Services Pte Ltd

100

Holding company

Singapore

dnata Travel Holdings UK Ltd

100

Travel services

United Kingdom

dnata Singapore Pte Ltd

100

Aircraft handling and catering services

Singapore

Acquired during the year:

Incorporated during the year:

Maritime and Mercantile International Travel

Air Chef srl

100

In-flight catering services

Italy

LLC

80

In-flight catering services

Italy

Dnata GmbH

100 100

Travel agency Holding company

United Arab Emirates Austria

Servizi di Bordo srl Gold Medal Travel Group plc

100

Travel services

United Kingdom

Dnata Switzerland AG

100

Aircraft handling services

Switzerland

Airline Network plc

100

Travel services

United Kingdom

Al Hidaya Travel & Tourism WLL

100

Travel agency

Bahrain

Disposed during the previous year:

Cleopatra International Travel WLL

100

Travel agency

Bahrain

Alpha Flight Services BV

100

In-flight catering services

Netherlands

Dnata Aviation Services Ltd

100

Holding company

United Kingdom

Disposed during the year: Alpha Flight Services EOOD

100

In-flight catering services

Bulgaria

dnata Limited

100

Aircraft handling services

United Kingdom

Mercator Asia Co. Ltd

100

Information Technology services

Thailand

Dnata for Airport Services Ltd

100

Aircraft handling services

Iraq

Dnata Catering Services Ltd

100

Holding company

United Kingdom

Alpha Flight Group Ltd

100

In-flight catering services

United Kingdom

Alpha Flight UK Ltd

100

In-flight catering services

United Kingdom

Alpha Flight Services Pty Ltd

100

In-flight catering services

Australia

Percentage

Country of

Alpha Flight Ireland Ltd

100

In-flight catering services

Ireland

of equity

incorporation

owned

Principal activities

and principal operations

Dubai Express LLC

50

Freight clearing and forwarding

United Arab Emirates

Gerry's Dnata (Private) Ltd

50

Aircraft handling services

Pakistan

Ground Handling Services Co. Ltd

20

Aircraft handling services

P. R. China

Alpha Flight a.s

100

In-flight catering services

Czech Republic

Alpha In-Flight US LLC

100

In-flight catering services

United States of America

Alpha Flight Italia srl

100

Holding company

Italy

Alpha Rocas SA

64.2

In-flight catering services

Romania

49

In-flight catering services

United Arab Emirates

Jordan Flight Catering Company Ltd

35.9

In-flight catering services

Jordan

dnata International Private Limited

100

Travel agency

India

dnata World Travel Limited

75

Holding company

United Kingdom

Travel Republic Limited

75

Online travel services

United Kingdom

Marhaba Bahrain SPC

100

Passenger meet and greet services

Bahrain

Airline Cleaning Services Pty Ltd

100

Aircraft cleaning services

Australia

80

Bakery and packaged food solutions

United Kingdom

Alpha Flight Services UAE

Incorporated during the previous year:

Alpha Flight Services UAE and Jordan Flight Catering Company Ltd qualify as subsidiaries as overall control is exercised by dnata, therefore results of these companies are consolidated. dnata's beneficial interest is 80% in Dnata for Airport Services Ltd and 100% in dnata World Travel Ltd and Travel Republic Ltd. None of the subsidiaries have non-controlling interests that are material to dnata.

Principal associates

Oman United Agencies Travel LLC

50

Corporate Travel services

Oman

Hogg Robinson Group plc

22

Corporate Travel services

United Kingdom

Mindpearl AG

49

Contact centre operations

Switzerland

Mindpearl South Africa (Pty) Ltd

49

Contact centre operations

South Africa

36

In-flight catering services

Italy

Acquired during the year: SEA Services srl

Acquired during the previous year: En Route International Limited

126

17

18

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