INVESTMENTS IN ASSOCIATE. 14.1 Details of associate Investments in associate in the consolidated financial statements which use the equity method are as follows: In Thousand Baht Company's name Business type Country of registration Shareholding percentage (%) Paid-up capital (Thousand Baht) Carrying amounts based on equity method Allowance for loss on impairment of investment Carrying amounts based on equity method - net As at December 31, As at December 31, As at December 31, As at December 31, As at December 31, 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 Held by the Company TRC Utility Company Limited To produce and distribute tap water Thailand 40.00 - 31,250 - 9,506 - - - 9,506 - Held by TRC Investment Limited ASEAN Potash Chaiyaphum Public Company Limited Mining Industries Thailand 22.46 22.46 3,256,727 2,805,797 1,126,742 1,126,742 (1,126,742) (1,126,742) - - Held by TRC International Limited ASEAN Potash Chaiyaphum Public Company Limited Mining Industries Thailand 2.67 2.67 3,256,727 2,805,797 85,989 85,989 (85,989) (85,989) - - Total 1,222,237 1,212,731 (1,212,731) (1,212,731) 9,506 - Investments in associate in the separate financial statements which use the cost method are as follows: In Thousand Baht Company's name Business type Country of registration Shareholding percentage (%) Paid-up capital (Thousand Baht) Cost method Allowance for loss on impairment of investment Cost method- net As at December 31, As at December 31, As at December 31, As at December 31, As at December 31, 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 Held by the Company TRC Utility Company Limited To produce and distribute tap water Thailand 40.00 - 31,250 - 12,500 - - - 12,500 - Total 12,500 - - - 12,500 - ASEAN Potash Chaiyaphum Public Company Limited According to the concession application agreement between the associated company and the Department of Primary Industries and Mines, Ministry of Industry, in January 2015. The associated company was obligated to pay the special benefits in 8 installments amounting to Baht 433 million per installment with interest at the rate of 6.5% per annum, totaling Baht 569 million. It had started from 2018 and had an obligation to pay various fund payments every year throughout the concession certificate period. In addition, the associated company received a letter from the Chaiyaphum Provincial Industrial Office requesting payment of the installments 1 - 7 of the special benefits of totaling Baht 3,980 million, including a fine at the rate of 15% p...
INVESTMENTS IN ASSOCIATE. 11.1 Details of associate Investments in associate in the consolidated financial statements which use the equity method are as follows: As at March 31, 2021 As at December 31, 2020 As at March 31, 2021 As at December 31, 2020 As at March 31, 2021 As at December 31, 2020 Held by TRC Investment Limited ASEAN Potash Chaiyaphum Mining Industries Thailand 22.46 22.46 1,261,274 1,261,274 1,126,742 1,126,742 Public Company Limited Held by TRC International Limited ASEAN Potash Chaiyaphum Mining Industries Thailand 2.67 2.67 100,000 100,000 85,989 85,989 Public Company Limited Company's name Nature of business Country of incorporation Consolidated Financial Statements Shareholding percentage (%) Cost (In Thousand Baht) Carrying amounts based on equity method (In Thousand Baht) Total 1,361,274 1,361,274 1,212,731 1,212,731 Less : Allowance for loss on impairment of investment (1,361,274) (1,361,274) (1,212,731) (1,212,731)
INVESTMENTS IN ASSOCIATE. Investments in associate accounted by cost method in the separate financial statements is as follows: In Thousand Baht Ownership interest (%) Paid-up capital Cost method Allowance for impairment At Cost - Net As at December 31, As at December 31, As at December 31, As at December 31, As at December 31, 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 Associates T.K.C. Co., Ltd. 25.00 25.00 YEN 12 YEN 12 million million 817 868 (817) (868) - - Total 817 868 (817) (868) - - Investments in associate accounted by equity method in the consolidated financial statements is as follows: In Thousand Baht Ownership interest (%) Paid-up capital Equity method Allowance for impairment Equity method - Net As at December 31, As at December 31, As at December 31, As at December 31, As at December 31, 2018 2019 2018 2019 2018 2019 2018 2019 2018 25.00 YEN 12 million YEN 12 million - - - - - - - - - - - - 2019 Associate
INVESTMENTS IN ASSOCIATE. Investments in associate represented carrying amount base on equity method in the consolidated financial statements is as follows:- Thousand Baht Consolidated financial statements Separate financial statements Carrying amount based on equity method At cost Associate’s name Nature of business Shareholding (Percentage) As at March 31, 2022 As at December 31, 2021 As at March 31, 2022 As at December 31, 2021 Flash News Company Limited Production of 40 2,704 2,704 10,000 10,000 Less allowance for loss from investments radio programs (2,704) (2,704) (10,000) (10,000) Investments in associate - net - - - -
INVESTMENTS IN ASSOCIATE. 11.1 Details of associate Investments in associate in the consolidated financial statements which use the equity method are as follows: As at March 31, 2022 As at December 31, 2021 As at March 31, 2022 As at December 31, 2021 As at March 31, 2022 As at December 31, 2021 Held by TRC Investment Limited ASEAN Potash Chaiyaphum Mining Industries Thailand 22.46 22.46 1,261,274 1,261,274 1,126,742 1,126,742 Public Company Limited Held by TRC International Limited ASEAN Potash Chaiyaphum Mining Industries Thailand 2.67 2.67 100,000 100,000 85,989 85,989 Public Company Limited Company's name Nature of business Country of incorporation Consolidated Financial Statements Shareholding percentage (%) Cost (In Thousand Baht) Carrying amounts based on equity method (In Thousand Baht) Total 1,361,274 1,361,274 1,212,731 1,212,731 Less : Allowance for loss on impairment of investment (1,361,274) (1,361,274) (1,212,731) (1,212,731) Total investment in associate - net - - - - ASEAN Potash Chaiyaphum Public Company Limited As at March 31, 2022, the associated company was still unable to settle payment for the special state benefits installment 1 - 5 of Baht 2,843 million, including the penalty fee at the rate of 15% per anum as the associated company is in the the process of procuring additional funding sources in term of both calling for capital increase from the existing shareholders of the associated company and recruiting the new potential investors and the assoicated company has suspended the mine construction project temporary.
