INVESTMENTS IN ASSOCIATES. 11.1 Investments in associated companies accounted for using the cost and equity method which consisted of : Paid-up capital (Baht) Proportion of share holding (%) As at December As at March As at December Name of company Type of business 31, 2021 31, 2020 31, 2021 31, 2020 Vibharam Hospital Co., Ltd. Hospital 2,000,000,000 2,000,000,000 33.73 33.73 Thippayabadin Co., Ltd. Trading medical instrument 522,840,000 392,840,000 38.18 38.18 Bangpo General Hospital Co., Ltd.Consolidated financial statements Indirect associated companies Hospital 350,000,000 350,000,000 28.57 28.57 Khelang Nakorn Hospital Co., Ltd. Hospital 89,708,200 89,708,200 11.99 11.99 Pawo Hospital Co., Ltd. Hospital 11,625,750 11,625,750 23.54 23.54 At equity method At cost method As at December As at March As at December Name of company 31, 2021 31, 2020 31, 2021 31, 2020 Vibharam Hospital Co., Ltd. 1,704,960,527 1,690,154,047 1,304,865,248 1,304,865,248 Thippayabadin Co., Ltd. 61,340,201 21,127,292 222,134,000 172,500,000 Bangpo General Hospital Co., Ltd. 319,717,136 318,939,772 300,000,000 300,000,000 in Thippayabadin Co., Ltd. (136,005,080) (136,005,080) Total 1,690,994,168 1,641,360,168 Consolidated financial statements Indirect associated companies Khelang Nakorn Hospital Co., Ltd. 107,476,825 109,516,558 30,882,500 30,882,500 Pawo Hospital Co., Ltd. 15,032,723 10,344,577 29,813,600 29,813,600 Total 2,208,527,412 2,150,082,246 1,736,909,391 1,682,587,245 11.2 Share of profit (loss) of associates for the three-month periods ended March 31, 2021 and 2020, were as follows : Name of company 2021 2020 Direct associated company Vibharam Hospital Co., Ltd. 668,727 30,311,843 Thippayabadin Co., Ltd. (9,421,090) (3,725,409) Bangpo General Hospital Co., Ltd. 777,364 883,169 Indirect associated companies Khelang Nakorn Hospital Co., Ltd. 2,524,738 2,023,385 Pawo Hospital Co., Ltd. 4,688,146 607,207 Total (762,115) 30,100,195 11.3 Share of other comprehensive income (loss) of associate for three-month periods ended March 31, 2021 and 2020, were as follows : Name of company 2021 2020 Direct associated company Vibharam Hospital Co., Ltd. Gain (loss) on remeasuring fair value of investment in equity - Other - (67,466) Total 14,137,750 (48,202,423) 11.4 Dividend income from investment in associated companies for the three-month periods ended March 31, 2021 and 2020, were as follows : Consolidated financial statements Separate financial statements 2021 2020 2021 2020 Vibharam Hospital Co., Ltd. - 67,450,075 - 67,450,075 Indirect associated companies Khelang Nakorn Hospital Co., Ltd. 4,564,470 7,759,599 - - Total 4,564,470 75,209,674 - 67,450,075 As at March 31, 2021 and December 31, 2020, the Company has pledged the share certificate of Vibharam Hospital Co., Ltd. in the amount of shares 25,160,358, with a financial institution to secure the credit facilities as discussed in Note 17 to the interim financial statements. According to the resolution of the Board of Directors' Meeting on a special agenda No.1/2021 held on January 19, 2021, it had a resolution to approve the Company's investment in the capital increase ordinary shares of Thippayabadin Co.,Ltd. for 26,000,000 shares at Baht 5.00 per share in the amount of Baht 130,000,000 resulting in the registered capital of Thippayabadin Co.,Ltd. to increase from 392,840,000 to 522,840,000. This investment is an exercise of rights to purchase capital increase shares of the existing shareholders by the shareholding proportion 38.18 percent or 9,926,800 shares at Baht 5 per share or Baht 49,634,000. The Company will pay for the shares within January 30, 2021.
Appears in 1 contract
Samples: Review Report
INVESTMENTS IN ASSOCIATES. 11.1 Investments in associated companies accounted for using the cost and equity method which consisted of : Paid-up capital (Baht) Proportion of share holding (%) As at December As at March As at December Name of company Type of business 31, 2021 31, 2020 31, 2021 31, 2020 Vibharam Hospital Co., Ltd. Hospital 2,000,000,000 2,000,000,000 33.73 33.73 1,654,803,530 1,654,803,530 40.75 40.75 Thippayabadin Co., Ltd. Trading medical instrument 522,840,000 392,840,000 38.18 38.18 450,000,000 450,000,000 33.33 33.33 Bangpo General Hospital Co., Ltd.Consolidated financial statements Indirect associated companies Ltd. Hospital 350,000,000 350,000,000 28.57 28.57 Khelang Nakorn Hospital Co., Ltd. Hospital 89,708,200 89,708,200 11.99 11.99 Pawo Hospital Co., Ltd. Hospital 11,625,750 11,625,750 23.54 23.54 At equity method At cost method As at December As at March As at December Name of company 31, 2021 31, 2020 31, 2021 31, 2020 Vibharam Hospital Co., Ltd. 1,704,960,527 1,690,154,047 1,304,865,248 1,304,865,248 1,844,434,138 1,762,781,223 1,304,865,788 1,304,865,788 Thippayabadin Co., Ltd. 61,340,201 21,127,292 222,134,000 70,726,462 81,845,306 172,500,000 172,500,000 Bangpo General Hospital Co., Ltd. 319,717,136 318,939,772 312,300,353 300,791,832 300,000,000 300,000,000 in Thippayabadin Co., Ltd. (136,005,080) (136,005,080) Total 1,690,994,168 1,641,360,168 Consolidated financial statements Indirect associated companies 1,777,365,788 1,777,365,788 Khelang Nakorn Hospital Co., Ltd. 107,476,825 109,516,558 110,655,531 101,804,620 30,882,500 30,882,500 Pawo Hospital Co., Ltd. 15,032,723 10,344,577 15,835,382 13,030,339 29,813,600 29,813,600 in Pawo Hospital Co., Ltd. - - (13,978,218) (16,783,261) Total 2,208,527,412 2,150,082,246 1,736,909,391 1,682,587,2452,353,951,866 2,260,253,320 1,824,083,670 1,821,278,627
11.2 Share of profit (loss) of associates for the three-month periods years ended March December 31, 2021 2019 and 2020, 2018 were as follows : Name of company 2021 2020 2019 2018 Direct associated company Vibharam Hospital Co., Ltd. 668,727 30,311,843 240,537,147 83,383,159 Thippayabadin Co., Ltd. (9,421,09011,118,845) (3,725,40976,581,223) Bangpo General Hospital Co., Ltd. 777,364 883,169 Indirect associated companies 11,508,521 (1,924,845) Khelang Nakorn Hospital Co., Ltd. 2,524,738 2,023,385 16,002,073 13,356,202 Pawo Hospital Co., Ltd. 4,688,146 607,207 2,805,043 (2,609,709) Total 259,733,939 15,623,584 The share of profit (762,115loss) 30,100,195of directly associated company - Vibharam Hospital Company Limited as shown above for the years ended December 31, 2019 and 2018, were the net amount of the elimination each transaction for Baht 9.19 million and Baht 8.27 million, respectively, as a result of acquiring the dividend that the Company has paid to the associated company.
11.3 Share of other comprehensive income (loss) of associate associates for three-month periods the years ended March December 31, 2021 2019 and 2020, 2018 were as follows : Name of company 2021 2020 2019 2018 Direct associated company Vibharam Hospital Co., Ltd. Gain (loss) Loss on remeasuring fair value of investment in equity available-for -sale investments (98,666,283) (74,231,875) Actuarial loss on define employee benefit plans (1,961,766) - Other Indirect associated companies Khelang Nakorn Hospital Co., Ltd. Actuarial loss on define employee benefit plans (304,457) - Total (67,466100,932,506) Total 14,137,750 (48,202,42374,231,875)
11.4 Dividend income from investment in associated companies for the three-month periods years ended March December 31, 2021 2019 and 2020, 2018 were as follows : Name of company 2019 2018 Consolidated /separate financial statements Separate financial statements 2021 2020 2021 2020 Vibharam Hospital Co., Ltd. - 67,450,075 - 67,450,075 Indirect associated companies 67,450,085 67,450,085 Consolidated financial statements Khelang Nakorn Hospital Co., Ltd. 6,846,705 4,564,470 7,759,599 Total 74,296,790 72,014,555 Summarized financial information in respect of Vibharam Hospital Co., Ltd. (Associated company) of the material associate; 2019 Baht 2018 Current assets 1,388,504,810 1,546,617,269 Non-current assets 8,692,710,885 8,295,662,905 Current liabilities 2,408,809,572 2,507,952,876 Non-current liabilities 1,762,923,145 1,730,463,494 Revenue 4,884,914,393 4,022,576,847 Profit for the year 626,134,445 224,749,392 Other comprehensive loss for the year (335,458,461) (439,357,780) Total comprehensive income (loss) for the year 290,675,984 (214,618,388) Reconciliation of the above summarized financial information to the carrying amount of the interest in Vibharam Hospital Co., Ltd. recognized in the consolidated financial statements; Baht 2019 2018 Proportion of the interest 40.75 40.75 Other adjustments - Unrealized profit from investment available-for-sale Vibhavadi Medical Center Public Company Limited in the financial statements of the associate that is not included and received as share of profit from investment in associated in Company’s financial statements (268,543,182) (305,318,794) - Total 4,564,470 75,209,674 Other (17,703,971) (14,568,207) Carrying amount of the interest 1,844,434,138 1,762,781,223 Aggregate information of associates that are not individually material 2019 Baht 2018 The share of profit (loss) from continuing operations 19,196,792 (67,759,615) The share of total comprehensive income (loss) (304,457) - 67,450,075 Aggregate carrying amount of the interests in these associates 509,517,728 497,472,097 As at March 31, 2021 and December 31, 20202019 and 2018, the Company has pledged the share certificate of Vibharam Hospital Co., Ltd. in the amount of shares 25,160,358, with a financial institution to secure the credit facilities as discussed in Note 17 18 to the interim financial statements. According to the resolution of the Board of Directors' Meeting on a special agenda No.1/2021 held on January 19, 2021, it had a resolution to approve the Company's investment in the capital increase ordinary shares of Thippayabadin Co.,Ltd. for 26,000,000 shares at Baht 5.00 per share in the amount of Baht 130,000,000 resulting in the registered capital of Thippayabadin Co.,Ltd. to increase from 392,840,000 to 522,840,000. This investment is an exercise of rights to purchase capital increase shares of the existing shareholders by the shareholding proportion 38.18 percent or 9,926,800 shares at Baht 5 per share or Baht 49,634,000. The Company will pay for the shares within January 30, 2021.
Appears in 1 contract
Samples: Independent Auditor's Report
INVESTMENTS IN ASSOCIATES. 11.1 12.1 Investments in associated companies accounted for using the cost and equity method which consisted of : Paid-up capital (Baht) Proportion of share holding (%) As at December As at March As at December Name of company Type of business 31, 2022 2021 31, 2020 31, 2022 2021 31, 2020 Consolidated financial statements / Separate financial statements Vibharam Hospital Co., Ltd. Hospital 2,000,000,000 2,000,000,000 33.73 33.73 33.85 33.85 Thippayabadin Co., Ltd. Trading medical instrument 522,840,000 392,840,000 38.18 38.18 492,108,000 492,108,000 36.50 40.57 Bangpo General Hospital Co., Ltd.Ltd. Hospital 350,000,000 350,000,000 28.57 28.57 Consolidated financial statements Indirect associated companies Hospital 350,000,000 350,000,000 28.57 28.57 Khelang Nakorn Hospital Co., Ltd. Hospital 89,708,200 89,708,200 11.99 11.99 Pawo Hospital Co., Ltd. Hospital - 11,625,750 11,625,750 - 23.54 23.54 Watcharasirivej Co., Ltd. Hospital 600,000,000 - 21.47 - Bah t At equity method At cost method As at December As at March As at December Name of company 31, 2022 2021 31, 2020 31, 2022 2021 31, 2020 Vibharam Hospital Co., Ltd. 1,704,960,527 1,690,154,047 1,304,865,248 1,304,865,248 2,432,031,061 2,446,027,599 1,317,365,248 1,317,365,248 Thippayabadin Co., Ltd. 61,340,201 21,127,292 15,260,393 67,043,840 199,879,875 222,134,000 172,500,000 Bangpo General Hospital Co., Ltd. 319,717,136 318,939,772 351,864,072 354,641,648 300,000,000 300,000,000 in Thippayabadin Co., Ltd. (136,005,080) (136,005,080) Total 1,690,994,168 1,641,360,168 Consolidated financial statements Indirect associated companies 1,681,240,043 1,703,494,168 Khelang Nakorn Hospital Co., Ltd. 107,476,825 109,516,558 124,537,054 110,007,794 30,882,500 30,882,500 Pawo Hospital Co., Ltd. 15,032,723 10,344,577 - 18,884,791 - 29,813,600 29,813,600 Watcharasirivej Co., Ltd. 184,528,172 - 189,322,200 - in Pawo Hospital Co., Ltd. - - - (9,704,360) Total 2,208,527,412 2,150,082,246 1,736,909,391 1,682,587,2453,108,220,752 2,996,605,672 1,901,444,743 1,754,485,908
11.2 12.2 Share of profit (loss) of associates for the three-month periods years ended March December 31, 2022 and 2021 and 2020, were as follows : Name of company 2021 2020 Direct associated company Vibharam Hospital Co., Ltd. 668,727 30,311,843 Thippayabadin Co., Ltd. Share of profit (9,421,090loss) 124,979,102 672,753,627 Arising from the change in shareholding (3,725,40915,492,477) 1,116,894 Bangpo General Hospital Co., Ltd. 777,364 883,169 22,222,423 40,701,877 Indirect associated companies Khelang Nakorn Hospital Co., Ltd. 2,524,738 2,023,385 14,379,201 3,410,247 Pawo Hospital Co., Ltd. 4,688,146 607,207 8,450,776 8,540,214 Watcharasirivej Co.,Ltd. (4,794,028) - Total 135,708,152 721,688,514 The share of profit (762,115loss) 30,100,195of directly associated company - Vibharam Hospital Co., Ltd. as shown above for the years ended December 31, 2022 and 2021, were the net amount of the elimination each transaction for Baht 9.55 million and Baht 7.61 million, respectively, as a result of acquiring the dividend that the Company has paid to the associated company.
11.3 12.3 Share of other comprehensive income (loss) of associate associates for three-month periods the years ended March December 31, 2022 and 2021 and 2020, were as follows : Name of company 2022 2021 2020 Direct associated company Vibharam Hospital Co., Ltd. Gain Unrealized gain (loss) on remeasuring fair value of investment in equity valuation (17,777,085) 57,759,587 Actuarial gain on defined employee benefit plans 4,655,166 5,250,265 Actuarial gain on defined employee benefit plans 1,350,692 - Other - Unrealized gain on investment valuation 1,994,496 1,645,459 Total (67,4669,776,731) Total 14,137,750 (48,202,423)64,655,311
11.4 12.4 Dividend income from investment in associated companies for the three-month periods years ended March December 31, 2022 and 2021 and 2020, were as follows : Consolidated financial statements Separate financial statements 2021 2020 2021 2020 Vibharam Hospital Co., Ltd. 135,400,150 - 67,450,075 - 67,450,075 Bangpo General Hospital Co., Ltd. 25,000,000 5,000,000 Indirect associated companies Khelang Nakorn Hospital Co., Ltd. 3,195,129 4,564,470 7,759,599 Total 163,595,279 9,564,470 Summarized financial information in respect of Vibharam Hospital Co., Ltd. (Associated company) of the material associate; Current assets 1,996,992,043 2,710,806,633 Non-current assets 10,550,020,117 9,738,957,016 Current liabilities 2,571,130,863 2,217,561,580 Non-current liabilities 1,049,856,808 1,193,763,490 Revenue 5,251,532,673 7,548,070,048 Profit for the year 376,477,066 2,261,705,333 Other comprehensive (loss) for the year (15,080,834) 712,006,073 Total comprehensive income (loss) for the year 361,396,232 2,973,711,406 Reconciliation of the above summarized financial information to the carrying amount of the interest in Vibharam Hospital Co., Ltd. recognized in the consolidated financial statements; Net assets 8,039,111,145 8,122,598,416 Proportion of the interest Other adjustments 33.85 33.85 - Unrealized profit from investment in financial asset - Vibhavadi Medical Center Public Company Limited in the financial statements of the associate that is not included and received as share of profit from investment in associated in Company’s financial statements (452,585,109) (442,157,470) - Other 163,377,047 138,685,506 Carrying amount of the interest 2,432,031,061 2,446,027,599 The share of profit (loss) from continuing operations 31,477,740 50,580,345 The share of total comprehensive income (loss) - - Total 4,564,470 75,209,674 - 67,450,075 Aggregate carrying amount of the interests in these associates 676,189,691 550,578,973 In the year 2021, the Company purchased investment in Vibharam Hospital Co., Ltd. amount of shares 250,000, total amount of Baht 12.50 million. Therefore, the Company’s shareholding proportion has changed from 33.73% to 33.85%. As at March 31, 2021 and December 31, 20202022 and 2021, the Company has pledged the share certificate of Vibharam Hospital Co., Ltd. in the amount of shares 25,160,35825,160,358 shares, with a financial institution to secure the credit facilities as discussed in Note 17 18 to the interim financial statements. According to the resolution of the Board of Directors' Meeting on a special agenda No.1/2021 held on January 19, 2021, it had a resolution to approve the Company's investment in the capital increase in ordinary shares of Thippayabadin Co.,Ltd. for 26,000,000 9,926,800 shares at Baht 5.00 per share in the amount of Baht 130,000,000 49,634,000 resulting in the registered capital of Thippayabadin Co.,Ltd. to increase from 392,840,000 to 522,840,000. This investment is an exercise of rights to purchase capital increase shares of the existing shareholders by the increasing in shareholding proportion 38.18 percent or 9,926,800 shares at Baht 5 per share or Baht 49,634,000from 38.18% to 40.57%. The Company will pay for the shares within paid in January 30, 2021. On December 20, 2022, the Company sold investment in Thippayabadin Co., Ltd. totaling 4,000,000 shares at Baht 5.50 per share in the amount of Baht 22.00 million, resulting in a decreasing in shareholding proportion from 40.57 % to 36.50 %. In the second quarter 2022, Board of directors of subsidiaries had a resolution to approve to invest in the acquisition of newly issued ordinary shares of Watcharasirivej Co.,Ltd., which operates a medical facility on behalf of Chiangrai Inter Hospital for 1,850,000 shares at Baht 100.00 per share amounted Baht 185.00 million, its shareholding in such company is 30.83% of the shares issued and paid up of such company. The subsidiaries have voting right and joint control, thus the investment has been reclassified as an investment in associated company since June 10, 2022, onward. The subsidiaries have fully paid of its shares. On October 21, 2022, the subsidiary - Hariphunchai Memorial Hospital Co., Ltd. acquired the investment in Pawo Hospital Co., Ltd., resulting in the Company’s shareholding proportion in that company to increase from 50.00% to 56.16%. The investment type was changed from investment in associated company to investment in subsidiary (see Note 13).
Appears in 1 contract
Samples: Independent Auditor's Report
INVESTMENTS IN ASSOCIATES. 11.1 Investments in associated companies accounted for using the cost and equity method which consisted of : Paid-up capital (Baht) Proportion of share holding (%) As at December As at March September As at December Name of company Type of business 31, 2021 Consolidated financial statements / Separate financial statements 31, 2020 3130, 2021 31, 2020 Vibharam Hospital Co., Ltd. Hospital 2,000,000,000 2,000,000,000 33.73 33.73 Thippayabadin Co., Ltd. Trading medical instrument 522,840,000 392,840,000 38.18 38.18 Bangpo General Hospital Co., Ltd.Ltd. Hospital 350,000,000 350,000,000 28.57 28.57 Consolidated financial statements Indirect associated companies Hospital 350,000,000 350,000,000 28.57 28.57 Khelang Nakorn Hospital Co., Ltd. Hospital 89,708,200 89,708,200 11.99 11.99 Pawo Hospital Co., Ltd. Hospital 11,625,750 11,625,750 23.54 23.54 At equity method At cost method As at December As at March September As at December Name of company 31, 2021 Consolidated financial statements / Separate financial statements 31, 2020 3130, 2021 31, 2020 Vibharam Hospital Co., Ltd. 1,704,960,527 2,181,979,733 1,690,154,047 1,304,865,248 1,304,865,248 Thippayabadin Co., Ltd. 61,340,201 58,733,456 21,127,292 222,134,000 172,500,000 Bangpo General Hospital Co., Ltd. 319,717,136 334,314,350 318,939,772 300,000,000 300,000,000 in Thippayabadin Co., Ltd. - - (136,005,080) (136,005,080) Total 1,690,994,168 1,641,360,168 Consolidated financial statements Indirect associated companies Khelang Nakorn Hospital Co., Ltd. 107,476,825 107,483,678 109,516,558 30,882,500 30,882,500 Pawo Hospital Co., Ltd. 15,032,723 21,877,709 10,344,577 29,813,600 29,813,600 in Pawo Hospital Co., Ltd. - - (7,935,891) (19,469,023) Total 2,208,527,412 2,704,388,926 2,150,082,246 1,736,909,391 1,743,754,377 1,682,587,245
11.2 Share of profit (loss) of associates for the three-month and nine-month periods ended March 31September 30, 2021 and 2020, were as follows : Name of company 2021 0000 0000 0000 2020 Direct associated company Vibharam Hospital Co., Ltd. 668,727 30,311,843 394,008,961 (85,554,945) 441,159,739 (146,336,196) Thippayabadin Co., Ltd. (9,421,0901,343,575) (3,725,40933,485,654) (12,027,836) (46,982,787) Bangpo General Hospital Co., Ltd. 777,364 883,169 7,590,384 2,557,399 20,374,578 3,409,928 Indirect associated companies Khelang Nakorn Hospital Co., Ltd. 2,524,738 2,023,385 496,783 2,660,269 2,531,590 3,020,541 Pawo Hospital Co., Ltd. 4,688,146 607,207 6,873,973 (1,601,841) 11,533,132 (3,615,131) Total 407,626,526 (762,115115,424,772) 30,100,195463,571,203 (190,503,645) The share of profit (loss) of directly associated company - Vibharam Hospital Company Limited as shown above for the nine-month periods ended September 30, 2021 and 2020, were the net amount of the elimination each transaction for Baht 7.61 million and Baht 10.34 million, respectively, as a result of acquiring the dividend that the Company has paid to the associated company.
11.3 Share of other comprehensive income (loss) of associate for three-month and nine-month periods ended March 31September 30, 2021 and 2020, were as follows : Name of company 2021 2020 For the three-month periods Direct associated company Vibharam Hospital Co., Ltd. Gain (loss) on remeasuring fair value of investment in equity - Rajthanee Hospital Public Co., Ltd. (3,213,125) 10,092,813 43,055,876 (20,961,997) - Other 7,978 - - (67,466130,113) Total 14,137,750 (48,202,4233,205,147) 10,092,813 43,055,876 (21,092,110)
11.4 Dividend income from investment in associated companies for the three-month and nine-month periods ended March 31September 30, 2021 and 2020, were as follows : Consolidated financial statements Separate financial statements Name of company 2021 2020 2021 2020 Direct associated company Vibharam Hospital Co., Ltd. - 67,450,075 - - 67,450,075 Bangpo General Hospital Co., Ltd. 5,000,000 - 5,000,000 - Indirect associated companies Khelang Nakorn Hospital Co., Ltd. - - 4,564,470 7,759,599 Total 5,000,000 - - Total 4,564,470 9,564,470 75,209,674 - 67,450,075 As at March 31September 30, 2021 and December 31, 2020, the Company has pledged the share certificate of Vibharam Hospital Co., Ltd. in the amount of shares 25,160,358, with a financial institution to secure the credit facilities as discussed in Note 17 to the interim financial statements. According to the resolution of the Board of Directors' Meeting on a special agenda No.1/2021 held on January 19, 2021, it had a resolution to approve the Company's investment in the capital increase ordinary shares of Thippayabadin Co.,Ltd. for 26,000,000 shares at Baht 5.00 per share in the amount of Baht 130,000,000 resulting in the registered capital of Thippayabadin Co.,Ltd. to increase from 392,840,000 to 522,840,000. This investment is an exercise of rights to purchase capital increase shares of the existing shareholders by the shareholding proportion 38.18 percent or 9,926,800 shares at Baht 5 per share or Baht 49,634,000. The Company will pay for the shares within paid in January 30, 2021.
Appears in 1 contract
Samples: Independent Auditor’s Report
INVESTMENTS IN ASSOCIATES. 11.1 Investments in associated companies accounted for using the cost and equity method which consisted of : Paid-up capital (Baht) Proportion of share holding (%) As at December As at March June As at December Name of company Type of business 31, 2021 Consolidated financial statements / Separate financial statements 31, 2020 3130, 2021 31, 2020 Vibharam Hospital Co., Ltd. Hospital 2,000,000,000 2,000,000,000 33.73 33.73 Thippayabadin Co., Ltd. Trading medical instrument 522,840,000 392,840,000 38.18 38.18 Bangpo General Hospital Co., Ltd.Ltd. Hospital 350,000,000 350,000,000 28.57 28.57 Consolidated financial statements Indirect associated companies Hospital 350,000,000 350,000,000 28.57 28.57 Khelang Nakorn Hospital Co., Ltd. Hospital 89,708,200 89,708,200 11.99 11.99 Pawo Hospital Co., Ltd. Hospital 11,625,750 11,625,750 23.54 23.54 At equity method At cost method As at June As at December As at March June As at December Name of company 31, 2021 31, 2020 31, 2021 31, 2020 Vibharam Hospital Co., Ltd. 1,704,960,527 1,791,175,917 1,690,154,047 1,304,865,248 1,304,865,248 Thippayabadin Co., Ltd. 61,340,201 60,077,032 21,127,292 222,134,000 172,500,000 Bangpo General Hospital Co., Ltd. 319,717,136 331,723,967 318,939,772 300,000,000 300,000,000 in Thippayabadin Co., Ltd. (136,005,080) (136,005,080) Total 1,690,994,168 1,641,360,168 Consolidated financial statements Indirect associated companies Khelang Nakorn Hospital Co., Ltd. 107,476,825 106,986,895 109,516,558 30,882,500 30,882,500 Pawo Hospital Co., Ltd. 15,032,723 15,003,736 10,344,577 29,813,600 29,813,600 in Pawo Hospital Co., Ltd. Total 2,208,527,412 - 2,304,967,547 - 2,150,082,246 (14,780,877) 1,736,909,391 (19,469,023) 1,682,587,245
11.2 Share of profit (loss) of associates for the three-month and six-month periods ended March 31June 30, 2021 and 2020, were as follows : Name of company 2021 0000 0000 0000 2020 Direct associated company Vibharam Hospital Co., Ltd. 668,727 30,311,843 46,482,048 (91,093,092) 47,150,776 (60,781,251) Thippayabadin Co., Ltd. (9,421,0901,263,170) (3,725,4099,771,725) (10,684,260) (13,497,133) Bangpo General Hospital Co., Ltd. 777,364 883,169 12,006,831 (30,641) 12,784,195 852,529 Indirect associated companies Khelang Nakorn Hospital Co., Ltd. 2,524,738 2,023,385 (489,930) (1,663,113) 2,034,807 360,272 Pawo Hospital Co., Ltd. 4,688,146 607,207 (28,987) (2,620,497) 4,659,159 (2,013,290) Total 56,706,792 (762,115105,179,068) 30,100,19555,944,677 (75,078,873) The share of profit (loss) of directly associated company - Vibharam Hospital Company Limited as shown above for the six-month periods ended June 30, 2021 and 2020, were the net amount of the elimination each transaction for Baht 7.61 million and Baht 10.34 million, respectively, as a result of acquiring the dividend that the Company has paid to the associated company.
11.3 Share of other comprehensive income (loss) of associate for three-month and six-month periods ended March 31June 30, 2021 and 2020, were as follows : Name of company 2021 2020 For the three-month periods Direct associated company Vibharam Hospital Co., Ltd. Gain (loss) on remeasuring fair value of available-for -sale investment in equity - Rajthanee Hospital Public Co., Ltd. 32,131,251 17,080,147 46,269,001 (31,054,810) - Other - (67,4667,978) (62,647) (7,978) (130,113) Total 14,137,750 32,123,273 17,017,500 46,261,023 (48,202,42331,184,923)
11.4 Dividend income from investment in associated companies for the three-month and six-month periods ended March 31June 30, 2021 and 2020, were as follows : Consolidated financial statements Separate financial statements Name of company 2021 2020 2021 2020 Direct associated company Vibharam Hospital Co., Ltd. - 67,450,075 - - 67,450,075 Indirect associated companies Khelang Nakorn Hospital Co., Ltd. - - 4,564,470 7,759,599 Total - - Total 4,564,470 75,209,674 - 67,450,075 As at March 31June 30, 2021 and December 31, 2020, the Company has pledged the share certificate of Vibharam Hospital Co., Ltd. in the amount of shares 25,160,358, with a financial institution to secure the credit facilities as discussed in Note 17 to the interim financial statements. According to the resolution of the Board of Directors' Meeting on a special agenda No.1/2021 held on January 19, 2021, it had a resolution to approve the Company's investment in the capital increase ordinary shares of Thippayabadin Co.,Ltd. for 26,000,000 shares at Baht 5.00 per share in the amount of Baht 130,000,000 resulting in the registered capital of Thippayabadin Co.,Ltd. to increase from 392,840,000 to 522,840,000. This investment is an exercise of rights to purchase capital increase shares of the existing shareholders by the shareholding proportion 38.18 percent or 9,926,800 shares at Baht 5 per share or Baht 49,634,000. The Company will pay for the shares within paid in January 30, 2021.
Appears in 1 contract
Samples: Independent Auditor’s Review Report
INVESTMENTS IN ASSOCIATES. 11.1 Investments in associated companies accounted for using the cost and equity method which consisted of : Paid-up capital (Baht) Proportion of share holding (%) As at December As at March As at December Name of company Type of business As at June 30, 2019 As at December 31, 2021 2018 As at June 30, 2019 As at December 31, 2020 31, 2021 31, 2020 2018 Vibharam Hospital Co., Ltd. Hospital 2,000,000,000 2,000,000,000 33.73 33.73 1,654,803,530 1,654,803,530 40.75 40.75 Thippayabadin Co., Ltd. Trading medical instrument 522,840,000 392,840,000 38.18 38.18 450,000,000 450,000,000 33.33 33.33 Bangpo General Hospital Co., Ltd.Consolidated financial statements Indirect associated companies Ltd. Hospital 350,000,000 350,000,000 28.57 28.57 Khelang Nakorn Hospital Co., Ltd. Hospital 89,708,200 89,708,200 44,854,100 44,854,100 11.99 11.99 Pawo Hospital Co., Ltd. Hospital 11,625,750 11,625,750 23.54 23.54 At equity method At cost method As at December As at March June As at December Name of company 31, 2021 312018 30, 2020 31, 2021 31, 2020 2019 Consolidated financial statements/Separate financial statements Direct associated company Vibharam Hospital Co., Ltd. 1,704,960,527 1,690,154,047 1,304,865,248 1,304,865,248 1,824,998,523 1,762,781,223 1,304,865,788 1,304,865,788 Thippayabadin Co., Ltd. 61,340,201 21,127,292 222,134,000 78,603,005 81,845,306 172,500,000 172,500,000 Bangpo General Hospital Co., Ltd. 319,717,136 318,939,772 304,420,912 300,791,832 300,000,000 300,000,000 in Thippayabadin Co., Ltd. (136,005,080) (136,005,080) Total 1,690,994,168 1,641,360,168 1,777,365,788 1,777,365,788 Consolidated financial statements Indirect associated companies Khelang Nakorn Hospital Co., Ltd. 107,476,825 109,516,558 101,721,376 101,804,620 30,882,500 30,882,500 Pawo Hospital Co., Ltd. 15,032,723 10,344,577 13,439,596 13,030,339 29,813,600 29,813,600 in Pawo Hospital Co., Ltd. - - (16,374,004) (16,783,261) Total 2,208,527,412 2,150,082,246 1,736,909,391 1,682,587,2452,323,183,412 2,260,253,320 1,821,687,884 1,821,278,627
11.2 Share of profit (loss) of associates for the three-month and six-month periods ended March 31June 30, 2021 2019 and 2020, 2018 were as follows : Name of company 2021 2020 Direct associated company 2019 2018 2019 2018 Vibharam Hospital Co., Ltd. 668,727 30,311,843 (5,005,057) 15,100,426 19,569,781 45,816,573 Thippayabadin Co., Ltd. (9,421,090834,493) (3,725,4096,270,980) (3,242,301) (11,652,174) Bangpo General Hospital Co., Ltd. 777,364 883,169 583,006 716,122 3,629,079 (6,612,623) Indirect associated companies Khelang Nakorn Hospital Co., Ltd. 2,524,738 2,023,385 1,416,304 2,264,328 6,763,461 7,028,046 Pawo Hospital Co., Ltd. 4,688,146 607,207 1,456,653 (649,928) 409,257 (1,770,263) Total (762,1152,383,587) 30,100,19511,159,968 27,129,277 32,809,559 The share of profit (loss) of directly associated company - Vibharam Hospital Company Limited as shown above for the six-month periods ended June 30, 2019 and 2018, were the net amount of the elimination each transaction for Baht 9.19 million and Baht 8.27 million, respectively, as a result of acquiring the dividend that the Company has paid to the associated company.
11.3 Share of other comprehensive income (loss) of associate for three-month and six-month periods ended March 31June 30, 2021 2019 and 2020, 2018 were as follows : Name of company 2021 2020 For the three-month periods Direct associated company Vibharam Hospital Co., Ltd. Gain (loss) on remeasuring fair value of available-for -sale investment in equity - Ramkhamhaeng Hospital Public Co., Ltd. 3,868,577 (6,669,960) 47,223,317 (18,008,892) - Rajthanee Hospital Public Co., Ltd. 25,620,219 (34,936,662) 53,569,549 (31,054,811) - Other 53,008 - 110,836 - Total 29,541,804 (67,46641,606,622) Total 14,137,750 100,903,702 (48,202,42349,063,703)
11.4 Dividend income from investment in associated companies for the three-month and six-month periods ended March 31June 30, 2021 2019 and 2020, 2018 were as follows : Name of company 2019 2018 2019 2018 Consolidated financial statements Separate financial statements 2021 2020 2021 2020 Vibharam Hospital Co., Ltd. - 67,450,075 - 67,450,075 67,450,085 67,450,085 67,450,085 Indirect associated companies Khelang Nakorn Hospital Co., Ltd. 4,564,470 7,759,599 - - 6,846,705 4,564,470 Total 4,564,470 75,209,674 - 67,450,075 67,450,085 74,296,790 72,014,555 As at March 31June 30, 2021 2019 and December 31, 20202018, the Company has pledged the share certificate of Vibharam Hospital Co., Ltd. in the amount of 25,160,358 shares 25,160,358, with a financial institution to secure the credit facilities as discussed in Note 17 to the interim financial statements. According to the resolution of the Board of Directors' Meeting on a special agenda No.1/2021 held on January 19, 2021, it had a resolution to approve the Company's investment in the capital increase ordinary shares of Thippayabadin Co.,Ltd. for 26,000,000 shares at Baht 5.00 per share in the amount of Baht 130,000,000 resulting in the registered capital of Thippayabadin Co.,Ltd. to increase from 392,840,000 to 522,840,000. This investment is an exercise of rights to purchase capital increase shares of the existing shareholders by the shareholding proportion 38.18 percent or 9,926,800 shares at Baht 5 per share or Baht 49,634,000. The Company will pay for the shares within January 30, 2021.
Appears in 1 contract
Samples: Independent Auditor’s Report
INVESTMENTS IN ASSOCIATES. 11.1 12.1 Investments in associated companies accounted for using the cost and equity method which consisted of : Paid-up capital (Baht) Proportion of share holding (%) As at December As at March As at December Name of company Type of business 31, 2021 31, 2020 31, 2021 31, 2020 Vibharam Hospital Co., Ltd. Hospital 2,000,000,000 2,000,000,000 33.73 33.85 33.73 Thippayabadin Co., Ltd. Trading medical instrument 522,840,000 492,108,000 392,840,000 38.18 40.57 38.18 Bangpo General Hospital Co., Ltd.Consolidated financial statements Indirect associated companies Ltd. Hospital 350,000,000 350,000,000 28.57 28.57 Khelang Nakorn Hospital Co., Ltd. Hospital 89,708,200 89,708,200 11.99 11.99 Pawo Hospital Co., Ltd. Hospital 11,625,750 11,625,750 23.54 23.54 At equity method At cost method As at December As at March As at December Name of company 31, 2021 31, 2020 31, 2021 31, 2020 Consolidated financial statements / Separate financial statements Vibharam Hospital Co., Ltd. 1,704,960,527 2,446,027,599 1,690,154,047 1,304,865,248 1,317,365,248 1,304,865,248 Thippayabadin Co., Ltd. 61,340,201 67,043,840 21,127,292 222,134,000 172,500,000 Bangpo General Hospital Co., Ltd. 319,717,136 354,641,648 318,939,772 300,000,000 300,000,000 ess Allowance for impairment of investments in Thippayabadin Co., Ltd. (136,005,080) (136,005,080) Total 1,690,994,168 1,703,494,168 1,641,360,168 Consolidated financial statements Indirect associated companies Khelang Nakorn Hospital Co., Ltd. 107,476,825 110,007,794 109,516,558 30,882,500 30,882,500 Pawo Hospital Co., Ltd. 15,032,723 18,884,791 10,344,577 29,813,600 29,813,600 in Pawo Hospital Co., Ltd. - - (9,704,360) (19,469,023) Total 2,208,527,412 2,996,605,672 2,150,082,246 1,736,909,391 1,754,485,908 1,682,587,245
11.2 12.2 Share of profit (loss) of associates for the three-month periods years ended March December 31, 2021 and 2020 were as follows : Direct associated company Vibharam Hospital Co., Ltd. Share of profit (loss) 672,753,627 (111,922,565) Arising from the change of shareholding - 91,832,946 Arising from the change of shareholding 1,116,894 (28,131,226) Bangpo General Hospital Co., Ltd. 40,701,877 6,204,279 Indirect associated companies Khelang Nakorn Hospital Co., Ltd. 3,410,247 6,620,626 Pawo Hospital Co., Ltd. 8,540,214 (5,490,806) Total 721,688,514 (62,354,689) The share of profit (loss) of directly associated company - Vibharam Hospital Company Limited as shown above for the years ended December 31, 2021 and 2020, were the net amount of the elimination each transaction for Baht 7.61 million and Baht 8.56 million, respectively, as a result of acquiring the dividend that the Company has paid to the associated company.
12.3 Share of other comprehensive income (loss) of associates for the years ended December 31, 2021 and 2020 were as follows : Name of company 2021 2020 Direct associated company Vibharam Hospital Co., Ltd. 668,727 30,311,843 Thippayabadin Co., Ltd. Unrealized gain (9,421,090loss) on investment valuation 57,759,587 (3,725,4097,851,110) Actuarial loss on define employee benefit plans 5,250,265 - Bangpo General Hospital Co., Ltd. 777,364 883,169 Actuarial gain on define employee benefit plans - 435,139 Indirect associated companies Khelang Nakorn Hospital Co., Ltd. 2,524,738 2,023,385 Pawo Hospital Co., Ltd. 4,688,146 607,207 Unrealized gain on investment valuation 1,645,459 - Total 64,655,311 (762,115) 30,100,1957,415,971)
11.3 Share of other comprehensive 12.4 Dividend income (loss) of associate from investment in associated companies for three-month periods the years ended March December 31, 2021 and 2020, 2020 were as follows : Name of company 2021 2020 Direct associated company Vibharam Hospital Co., Ltd. Gain (loss) on remeasuring fair value of investment in equity - Other - (67,466) Total 14,137,750 (48,202,423)
11.4 Dividend income from investment in associated companies for the three-month periods ended March 31, 2021 and 2020, were as follows : Consolidated /separate financial statements Separate financial statements 2021 2020 2021 2020 Vibharam Hospital Co., Ltd. - 67,450,075 134,900,150 Bangpo General Hospital Co., Ltd. 5,000,000 - 67,450,075 Indirect associated companies Consolidated financial statements Khelang Nakorn Hospital Co., Ltd. 4,564,470 7,759,599 Total 9,564,470 142,659,749 Summarized financial information in respect of Vibharam Hospital Co., Ltd. (Associated company) of the material associate; Baht 2021 2020 Current assets 2,710,806,633 1,853,728,041 Non-current assets 9,738,957,016 8,597,589,327 Current liabilities 2,217,561,580 2,799,147,724 Non-current liabilities 1,193,763,490 1,299,912,617 Revenue 7,548,070,048 3,785,577,336 Profit for the year 2,261,705,333 (334,561,274) Other comprehensive loss for the year 712,006,073 (163,159,035) Total comprehensive income (loss) for the year 2,973,711,406 (497,720,309) Reconciliation of the above summarized financial information to the carrying amount of the interest in Vibharam Hospital Co., Ltd. recognized in the consolidated financial statements; Baht 2021 2020 Net assets 8,122,598,416 5,699,486,822 Proportion of the interest 33.85 33.73 Other adjustments - Unrealized profit from investment available-for-sale Vibhavadi Medical Center Public Company Limited in the financial statements of the associate that is not included and received as share of profit from investment in associated in Company’s financial statements (442,157,470) (209,632,427) - Total 4,564,470 75,209,674 Other 138,685,506 (22,650,431) Carrying amount of the interest 2,446,027,599 1,690,154,047 Aggregate information of associates that are not individually material Baht 2021 2020 The share of profit (loss) from continuing operations 50,580,345 (42,265,070) The share of total comprehensive income (loss) - 67,450,075 435,139 Aggregate carrying amount of the interests in these associates 550,578,973 459,928,199 In the year 2021, the Company had purchased investment in Vibharam Hospital Co., Ltd. amount of shares 250,000, total amount of Baht 12.50 million. Therefore, the Company’s shareholding proportion has changed from 33.73% to 33.85%. In the year 2020, the associated company had a capital increase in the ordinary shares by a related company from the rights to purchase the ordinary shares capital increase of such company in the amount of Baht 14,187,720 shares and the portion disclaimed by the former shareholders of 16,300,977 shares, totaling capital increase shares of 30,488,697 shares. Such capital increase of the related company has resulted in the shareholding of the Company in the associated company to change from 40.76 percent to 33.73 percent and to have a difference arising from the change of shareholding of Baht 91.83 million. The transaction is recognised as share of profit in the associated company in the consolidated financial statements. As at March December 31, 2021 and December 31, 2020, the Company has pledged the share certificate of Vibharam Hospital Co., Ltd. in the amount of shares 25,160,358, with a financial institution to secure the credit facilities as discussed in Note 17 18 to the interim financial statements. According to the resolution of the Board of Directors' Meeting on a special agenda No.1/2021 held on January 19, 2021, it had a resolution to approve the Company's investment in the capital increase ordinary shares of Thippayabadin Co.,Ltd. for 26,000,000 shares at Baht 5.00 per share in the amount of Baht 130,000,000 resulting in the registered capital of Thippayabadin Co.,Ltd. to increase from 392,840,000 to 522,840,000. This investment is an exercise of rights to purchase capital increase shares of the existing shareholders by the shareholding proportion 38.18 percent or 9,926,800 shares at Baht 5 per share or Baht 49,634,000. The Company will pay for the shares within paid in January 30, 2021. At the Annual General Meeting of the shareholder’s associated company 1/2020 held on July 20, 2020, the shareholders approved specific capital reduction of shareholders who are unrelated to Vibhavadi Medical Center PCL. in the amount of Baht 57.16 million resulting in the registered capital of Baht 450.00 million remaining Baht 392.84 million by reducing the number of shares to 78,568,000 ordinary shares at the price of 5.00 Baht per share. Therefore, the Company’s shareholding proportion has changed from 33.33% to 38.18% and difference from change proportion was amount of Baht 28.13 million in the consolidated statement of income.
Appears in 1 contract
Samples: Independent Auditor's Report
