ENTITIES IN THE GROUP |
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| ENTITIES IN THE GROUP | NOTE 29 – ENTITIES IN THE GROUP
1) Entities dissolved in the financial year ended December 31, 2023. 2) Entities dissolved in the financial year ended December 31, 2025. 3) Entities with different reporting periods: Indian entities have a financial reporting period that runs from April 01 to March 31 as required by the Indian government's laws and legislations. 4) For all subsidiaries, ownership and voting rights are the same except for TORM SHIPPING (PHILS.), INC where voting rights are 100%. 5) All subsidiaries are consolidated in full. 6) Entities not audited. 7) TORM VesselCo UK Limited (a UK subsidiary, registration number: 15772160) will take advantage of the audit exemption set out within section 479A of the Companies Act 2006 for the year ended December 31, 2025. NOTE 29 - continued Interest in legal entities included as joint ventures: The Danish joint venture, Long Range 2 A/S has been dissolved during the year. There has been no activity in the joint venture during the year and the comparison years. The table below shows the registered addresses for the companies mentioned above:
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