MISC Integrated Annual Report 2020

42. JOINT ARRANGEMENTS AND ACTIVITIES (CONT’D.) (a) Joint ventures and activities (cont’d.) Effective interest Country of held (%) Name of company incorporation Principal activities 2020 2019 Lifisol S.A. **** Uruguay Provision of oil spill prevention 50 50 and response services Ship Service S.A. **** Uruguay Ship management services 50 50 Malaysia Vietnam Offshore Malaysia FSO owner 51 51 Terminal (L) Ltd. **** Vietnam Offshore Floating Malaysia FPSO owner 40 40 Terminal (Ruby) Ltd. *** SBM Systems Inc.*** Switzerland FPSO owner 49 49 FPSO Brasil Venture S.A.*** Switzerland Investment and offshore activities 49 49 SBM Operacoes Ltda. *** Brazil Operating and maintaining 49 49 FPSO terminals Operacoes Maritimas Brazil Operation and maintenance 49 49 em Mar Profundo of FPSO Brasileiro Ltda. *** Brazilian Deepwater Bermuda Construction of FPSO 49 49 Floating Terminals Ltd. *** Brazilian Deepwater Bermuda Chartering of FPSO 49 49 Production Ltd. *** Brazilian Deepwater Bermuda Operation and maintenance 49 49 Production Contractors of FPSO Ltd. *** Malaysia Deepwater Floating Malaysia FPSO owner 51 51 Terminal (Kikeh) Ltd. **** Malaysia Deepwater Malaysia Operating and maintaining 51 51 Production Contractors FPSO terminal Sdn. Bhd. **** Brazilian Deepwater Netherlands Chartering of FPSO 49 – Production B.V. *** 42. JOINT ARRANGEMENTS AND ACTIVITIES (CONT’D.) (a) Joint ventures and activities (cont’d.) Effective interest Country of held (%) Name of company incorporation Principal activities 2020 2019 MMHE-TPGM Sdn. Bhd. **** Malaysia Dormant 39.9 39.9 MMHE-ATB Sdn. Bhd. *** Malaysia Dormant 26.6 26.6 Technip MHB Hull Malaysia Dormant 33.3 33.3 Engineering Sdn. Bhd. **** SL-MISC International Sudan In liquidation 49 49 Line Co. Ltd. *** MISC Shipping United Arab Dormant 49 49 Services UAE (LLC) *** Emirates *** Even though the Group holds less than 50% equity interest in these companies, all material operational and financial matters require unanimous consent of the joint venture parties. **** Even though the Group holds 50% or more than 50% equity interest in these companies, all material operational and financial matters require unanimous consent of the joint venture parties. 31 December 2020 NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 NOTES TO THE FINANCIAL STATEMENTS 10 460 10 461 /// Leadership / Governance / Financial Statements / Additional Information / Annual General Meeting ////// /// Leadership / Governance / Financial Statements / Additional Information / Annual General Meeting ////// Section Section MISC Berhad / Integrated Annual Report 2020 MISC Berhad / Integrated Annual Report 2020