Tullett Prebon plc Annual Report 2010
Notes to the Consolidated Financial Statements continued
for the year ended 31 December 2010
37. Principal subsidiaries and undertakings continued
Subsidiary undertakings Country of incorporation Principal activities Issued ordinary shares, all voting
Tullett Prebon Asia Group Limited Tullett Prebon (Hong Kong) Limited PT. Inti Tullett Prebon Indonesia Tullett Prebon (Japan) Limited Yamane Tullett Prebon (Japan) Limited* Tullett Prebon Money Brokerage (Korea) Limited Tullett Liberty B.V. Prebon Holdings B.V. Tullett Prebon (Philippines) Inc. Tullett Prebon (Polska) SA Tullett Liberty (Energy) Holdings Pte. Ltd. Tullett Prebon Energy (Singapore) Pte. Ltd. Prebon (Singapore) Holdings Limited Tullett Prebon (Singapore) Limited Prebon Technology Services (Singapore) Pte. Ltd. Tullett Prebon Information (Singapore) Pte Limited Aspen Oil Broking (Singapore) Pte. Ltd. Cosmorex A.G. Cosmorex Holdings A.G. Tullett Prebon Financial Services LLC Tullett Prebon (Americas) Holdings Inc. Tullett Prebon Americas Corp * The Group’s interest in the trading results is 60%.
Hong Kong Hong Kong Indonesia Japan Japan Korea Netherlands Netherlands Philippines Poland Singapore Singapore Singapore Singapore Singapore Singapore Singapore Switzerland Switzerland USA USA USA
Holding company Broking Broking Broking Broking Broking Holding company Holding company Broking Broking Holding company Broking Holding company Broking IT support services Information sales Broking Broking Holding company Broking Holding company Holding company
100% 100% 57.52% 100% 50% 100% 100% 100% 51% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
All the above subsidiary undertakings are owned indirectly, with the exception of Tullett Prebon Group Holdings plc, which is owned directly. They all have a 31 December year end with the exception of Prebon Limited and Yamane Tullett Prebon (Japan) Limited, which have a 31 March year end.
Associates Country of incorporation Principal activities Issued ordinary shares, all voting
Tullett Liberty (Bahrain) Company W.L.L.* Tullett Prebon SITICO (China) Limited Parekh (Forex) Private Limited Prebon Yamane (India) Limited Wall Street Tullett Prebon Limited Wall Street Tullett Prebon Securities Limited
Bahrain China India India Thailand Thailand
Broking Broking Broking Broking Broking Broking
49% 33% 26% 48% 49% 49%
* The Group’s interest in the trading results is 85%. The company is not consolidated as the Group does not have sufﬁcient voting control to govern the ﬁnancial and operating policies of the company. All associates are held indirectly. They all have a 31 December year end with the exception of Parekh (Forex) Private Limited, which has a 31 March year end. 38. Events after the balance sheet date On 8 February 2011, the Group entered into a new £235m credit agreement consisting of a £120m amortising term loan facility and a £115m committed revolving credit facility. These facilities replaced the previous facilities outstanding at that date, a £180m term loan and a £50m committed revolving credit facility that were due to mature in January 2012. The new term loan is subject to repayments of £30m in each of February 2012 and February 2013 with £60m maturing in February 2014. The committed revolving credit facility, which has not been drawn, will also mature in February 2014.