146 CSE GLOBAL LIMITED NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2023 3. GROUP COMPANIES Details of subsidiaries of the Company at 31 December are: Name of Company (Country of incorporation) Principal activities (Place of business) Cost Effective equity interest held by the Group 2023 2022 2023 2022 $’000 $’000 % % i CSE Global (Asia) Pte Ltd (Singapore) E-business integration, research and development and investment holding (Singapore) 27,264 27,264 100 100 i CSE Global (Americas) Pte Ltd ^^^ (Singapore) Investment holding (Singapore) 100,306 39,556 100 100 ii CSE Systems & Engineering (India) Private Limited (1) (India) Sales and provision of computer network systems (India) 36 36 100 100 ii CSE-Hankin (China) Co., Ltd (2) (China) Design and install high temperature thermal process and incineration systems (China) 2,524 2,524 100 100 i CSE Communications & Security Pte Ltd (Singapore) Provision of turnkey telecommunications solutions and security systems (Singapore) 75,302 75,302 100 100 ii CSE-Global (Australia) Pty Ltd (9) (Australia) Distribution of electrical engineering equipment and provision of telecommunications solutions and investment holding (Australia) 55,882 55,882 100 100 i CSE-Crosscom (International) Pte Ltd (Singapore) Investment holding (Singapore) – “ – “ 100 100 i CSE Technologies Pte Ltd (Singapore) ^^^ Investment holding (Singapore) 21,262 – “ 100 100 ii Grid Communications Pte Ltd (11) ^^ (Singapore) System integration solutions and sales and provision of computer network systems (Singapore) 2,860 – 100 – 285,436 200,564 “ Denotes amounts less than $1,000 The carrying amount of the Company’s investment in subsidiaries at the balance sheet date is disclosed in Note 5 to the financial statements.
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