Investments in Joint Ventures. 12.1 Details of joint ventures Investments in joint ventures in the consolidated financial statements which use the equity method are as follows: Consolidated financial statements Shareholding percentage(%) Cost Carrying amounts based on equity method Company's name Nature of business 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 Sinopec-TRC Joint Venture Construction service 30 30 2,376 2,376 2,376 2,376 AT Energy Solution Company Limited Energy production anddistribution 50 50 100,000 100,000 97,495 97,266 SH Crossing Company Limited Construction service 51 51 20,400 20,400 22,331 23,741 Sahakarn Underground Joint Venture Construction service 50 50 200 200 146 201 Total 122,976 122,976 122,348 123,584 Investments in joint ventures in the separate financial statements which use the cost method are as follows: Company's name Nature of business Shareholding percentage (%) Cost As at March 31, 2021 As at December 31, 2020 As at March 31, 2021 As at December 31, 2020 Sinopec-TRC Joint Venture Construction service 30 30 2,376 2,376 AT Energy Solution Company Limited Energy production and distribution 50 50 100,000 100,000 Total 102,376 102,376 On August 7, 2017, the Board of Directors had a resolution to approve the Subsidiary to establish of SH Crossings Company Limited (SHC) with a registered capital of 40 million baht (400,000 common shares with a par value of 100 baht per share) for the construction of underground manhole and electrical conduit construction project. The Subsidiary’s share proportion was at 51%, totaling 203,998 shares with a par value of 100 baht per share. Since the Subsidiary and partner jointly participated in the financial and operating policies therefore the Subsidiary classified SHC as a joint venture and recognize as equity method.
Investments in Joint Ventures. The aggregate value of Guarantor’s and Borrowers’ investments in Joint Ventures or in any other entity that is not directly or indirectly wholly-owned by Guarantor shall at no time exceed fifteen (15%) percent of Guarantor’s Consolidated Adjusted Tangible Net Worth.
Investments in Joint Ventures. (i) Loans, advances, and investments during the Subject Period in joint ventures in which a Restricted Company has an Equity Interest (including, without limitation, credit support and contingent obligations with respect to Debt of such joint ventures) (excluding, for the avoidance of doubt, such loans, advances and investments made pursuant to Section 10.8(t) of the Credit Agreement) determined (x) with respect to each such loan and advance based on the value thereof on the date of determination, (y) with respect to each such investment based on the value thereof on the date made, and (z) with respect to each such credit support and contingent obligation based on the maximum potential financial exposure therefrom on the date of determination (the sum of Items 10.8
Investments in Joint Ventures. Investments in Joint Ventures on the Statement Date (See Annex 2): $
Investments in Joint Ventures. 17.1 Reconciles investments in joint ventures as at December 31, consist of: Consolidated Financial Statements Separate Financial Statements Investments in joint ventures-balance forward 100,568 97,260 60,824 60,824 Plus/(Less) Share of net profit of associates 5,464 9,708 - - 2021 2020 2021 2020 (Less) Dividend - (6,400) - - Investments in joint ventures -balance ending 106,032 100,568 60,824 60,824 17.2 Detail of investments (%) (%) Frasers Property Demco Power 6 Co., Ltd. Generation and supply electricity 5,000 5,000 49.00 49.00 2,450 2,450 3,605 3,374 Frasers Property Demco Power 11 Generation and supply electricity 4,000 4,000 49.00 49.00 1,959 1,959 2,806 2,646 Co., Ltd. Demco Power 15 Co., Ltd. Generation and supply electricity 5,500 5,500 51.00 51.00 2,805 2,805 3,579 3,370 Demco Power 16 Co., Ltd. Generation and supply electricity 5,500 5,500 51.00 51.00 2,805 2,805 4,793 4,467 Demco Power 17 Co., Ltd. Generation and supply electricity 5,500 5,500 51.00 51.00 2,805 2,805 4,860 4,514 Udon Thani Solar Power Co., Ltd. Generation and supply electricity 35,000 35,000 45.71 45.71 16,000 16,000 30,067 28,371 Indochina Green Energy Co., Ltd. Generation and supply electricity 35,000 35,000 45.71 45.71 16,000 16,000 28,994 27,461 Mekhong Green Power Co., Ltd. Generation and supply electricity 35,000 35,000 45.71 45.71 16,000 16,000 27,328 26,365 Total 60,824 60,824 106,032 100,568 Fraser Property Demco Power 6 Co., Ltd. 231 283 Fraser Property Demco Power 11 Co., Ltd. 160 152 Demco Power 15 Co., Ltd. 209 218 Demco Power 16 Co., Ltd. 326 426 Demco Power 17 Co., Ltd. 346 416 Udon Thani Solar Power Co., Ltd. 1,696 3,133 Indochina Green Energy Co., Ltd. 1,533 2,713 Mekhong Green Power Co., Ltd. 963 2,368 Total 5,464 9,709 Fraser Property Demco Power 6 Co., Ltd. Generation and supply electricity 5,000 5,000 49.00 49.00 2,450 2,450 - - Fraser Property Demco Power 11 Co., Ltd. Generation and supply electricity 4,000 4,000 49.00 49.00 1,959 1,959 - - Demco Power 15 Co., Ltd. Generation and supply electricity 5,500 5,500 51.00 51.00 2,805 2,805 - - Demco Power 16 Co., Ltd. Generation and supply electricity 5,500 5,500 51.00 51.00 2,805 2,805 - - Demco Power 17 Co., Ltd. Generation and supply electricity 5,500 5,500 51.00 51.00 2,805 2,805 - - Udon Thani Solar Power Co., Ltd. Generation and supply electricity 35,000 35,000 45.71 45.71 16,000 16,000 - 2,400 Indochina Green Energy Co., Ltd. Generation and supply electricity 35,000 35,000 45.71 45.71 16,000 16,000 - 2,4...
Investments in Joint Ventures. Notwithstanding Section 5.02(f) but subject to the provisions of Section 5.03(c), (i) invest an aggregate amount of greater than Twenty-Five Million ($25,000,000.00) Dollars in OLP Net Lease Strategic Alliance LLC, a Delaware limited liability company ("Strategic Alliance") of which no more than Ten Million ($10,000,000.00) Dollars may be invested in any single Property owned by Strategic Alliance.
Investments in Joint Ventures. 13.1 Details of joint ventures Investments in joint ventures in the consolidated financial statements which use the equity method are as follows : As at December As at June As at December As at June As at December Sinopec-TRC Joint Venture Construction service 30 30 2,376 2,376 2,376 2,376 AT Energy Solution Company Limited Energy production 50 50 100,000 25,375 97,435 25,375 and distribution SH Crossing Company Limited Construction service 51 51 20,400 20,400 23,467 23,862 Sahakarn Underground Joint Venture Construction service 50 - 100 - 101 - Total 122,876 48,151 123,379 51,613 Investments in joint ventures in the separate financial statements which use the cost method are as follows: Separate Financial Statements Company's name Nature of business Shareholding percentage (%) Cost As at June 30, 2020 As at December 31, 2019 As at June 30, 2020 As at December 31, 2019 Sinopec-TRC Joint Venture Construction service 30 30 2,376 2,376 AT Energy Solution Company Limited Energy production and distribution 50 50 100,000 25,375 Total 102,376 27,751 On August 14, 2019, the Board of Directors’ Meeting No.8/2019 had a resolution for the company to sign the joint venture agreement with Asia Green Energy (Public) Co.,Ltd. and Appliance Technology Supply Co.,Ltd. to operate the energy production and distribution business at the shareholding 45%, 45%, 10%, respectively. The registered date was on August 14, 2019 with the registered capital of Baht 1 million. The Company invested Baht 449,900. On October 27, 2019, Appliance Technology Supply Co.,Ltd intended to sell all of the shares to the former joint investor : TRC Construction (Public) Co.,Ltd. and Asia Green Energy (Public) Co.,Ltd. On November 27, 2019, AT Energy Solution Co.,Ltd. had increased its registered capital from Baht 1 million to Baht 200 million with the paid-up capital Baht 50.75 million. The Company invested in the amount of Baht 25.38 million. On January 14, 2020, AT Energy Solution Co.,Ltd. had called for the payment of the remaining capital increase shares, resulting in an investment AT Energy Solution Co.,Ltd. for 99,999 shares at Baht 99,999,900 or shareholding of 50%. According to the agreement in the joint venture agreement, the Board of Directors of AT Energy Solution Co.,Ltd. consists of 4 directors appointed 2 from TRC Construction (Public) Co.,Ltd. and 2 from Asia Green Energy (Public) Co.,Ltd. The meeting resolution requires to receive the majority votes of all directors. At least, consent...
Investments in Joint Ventures. The System's investments in joint ventures are recorded on an equity basis. The related income or loss is included in the consolidated statements of operations as other revenue. The investments in joint ventures consist of the following: a 27% ownership interest in KSB/RMHSC Partnership (KSB), which owns and leases a medical office building; and a 50% ownership interest in XxxXxxxx HealthSouth Rehabilitation Hospital (XxxXxxxx), which provides inpatient and outpatient rehabilitation services. The recorded investment at December 31, 2013 and 2012, as well as the related income or loss reported for the years then ended is as follows: KSB $ 289 $ 301 $ 28 $ 28 XxxXxxxx 8,969 8,585 3,316 2,872 Total $ 9,258 $ 8,886 $ 3,344 $ 2,900
Investments in Joint Ventures. As disclosed in the Group’s consolidated financial statements as at and for the year ended 31 December 2015, Xxxxxxxx’s respective unconditional call options to acquire the remaining 33.3% and 45% of the Honduran (Celtel) and Guatemala (Comcel) businesses respectively expired unexercised on 31 December 2015, and accordingly both businesses were deconsolidated from 31 December 2015. At the same time the conditional put options Xxxxxxxx provided to the other shareholders also lapsed. As a consequence, on 31 December 2015, Millicom deconsolidated its investments in Comcel and Celtel and accounted for them under the equity method, initially at fair value. As from 31 December 2015 onwards, Xxxxxxxx therefore jointly controls Comcel and Celtel and accounts for its investments in Comcel and Celtel under the equity method and thus reports its share of the net income of each of these businesses in the income statement in the caption “Income (loss) from joint ventures” starting 1 January 2016. The Group has completed the purchase price allocations for both Guatemala and Honduras operations as of 31 December 2015, date of recognition of the Group’s investment in both operations as joint ventures. For the purchase accounting, Millicom determined the fair values of these operations based on discounted cash flows. Guatemala - 31 December 2015 (US$ millions) Carrying values 55% Fair Values 55% Change Intangible assets (excluding goodwill), net (i). .......................................... 689 905 216 Property, plant and equipment, net (ii) ...................................................... 390 409 19 Other non-current assets ......................................................................... 3 3 - Current assets (excluding cash) ............................................................... 446 446 - Cash and cash equivalents....................................................................... 87 87 - Non-current financial liabilities .................................................................. 557 560 3 Current liabilities ....................................................................................... 152 152 - Fair value of the investment in joint venture ............................................. - 2,237 -
(i) Intangible assets increase mainly consists of step-up recognized on the trademark for an amount of $71 million, with indefinite useful life and the customer lists for an amount of $148 million, with estimated remaining useful life...
Investments in Joint Ventures. As of the last day of the Test Fiscal Quarter the aggregate of all such Investments was equal to $_________ (the “6.16(k)
