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. 12.1 Details of joint ventures Investments in joint ventures in the consolidated financial statements which use the equity method are as follows: In Thousand Baht 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 Held by the Company 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 Held by Sahakarn Wisavakorn Company Limited 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: In Thousand Baht Separate financial statements 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 SH Crossings Company Limited 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. (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(m)(i)(A) through 10.8(m)(i)(_) below): $________________
Investments in Joint Ventures. A. Investments in Joint Ventures on the Statement Date (See Annex 2): $
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: In Thousand Baht Consolidated financial statements Shareholding percentage(%) Cost Carrying amounts based on equity method Share of loss profit (loss) from investments in joint venture Company's name Nature of business As at March 31, 2020 As at December 31, 2019 As at March 31, 2020 As at December 31, 2019 As at March 31, 2020 As at December 31, 2019 For the three-month periods ended March 31, 2020 2019 Held by the Company Sinopec-TRC Joint Venture Construction service 30 30 2,376 2,376 2,376 2,376 - - Held by Sahakarn Wisavakorn Company Limited SH Crossing Company Limited Construction service 51 51 20,400 20,400 23,603 23,862 (259) 1,080 Total 22,776 22,776 25,979 26,238 (259) 1,080 Investments in joint ventures in the separate financial statements which use the cost method are as follows: In Thousand Baht Separate financial statements Company's name Nature of business Shareholding percentage (%) Cost As at March 31, 2020 As at December 31, 2019 As at March 31, 2020 As at December 31, 2019 Sinopec-TRC Joint Venture Construction service 30 30 2,376 2,376 Total 2,376 2,376 12.2 Share of profit (loss) During the periods, the Company has recognised its share of profit (loss) from investments in joint ventures in the consolidated financial statements as follows: In Thousand Baht Company’s name Share of profit (loss) from investments in joint ventures Share of other comprehensive income from investments in joint ventures For the three-month periods ended March 31, 2020 2019 2020 2019 SH Crossings Company Limited (259) 1,080 - - Total (259) 1,080 - - 13. PROPERTY, PLANT AND EQUIPMENT Movements of the property, plant and equipment account during the three-month period ended March 31, 2020 are summarised below. In Thousand Baht Consolidated financial statements Separate financial statements Net book value as at January 1, 2020 595,909 570,690 Acquisitions during the period - at cost 1,564 1,497 Disposal during the period - net book value at disposal date (100) - Write - off during the period - net book value at write - off date (10) (8) Depreciation for the period (27,139) (24,224) Net book value as at March 31, 2020 570,224 547,955 As at March 31, 2020 and as at December 31, 2019, the Company has mortgaged land which has book value amounting to Baht 100 million with banks to be collateral against credit facilities rece...
Investments in Joint Ventures. Notwithstanding Section 5.02(f) but subject to the provisions of 5.3.3, (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. 17.1 Reconciles investments in joint ventures as at December 31, consist of: Unit : Thousand Baht Consolidated Financial Statements Separate Financial Statements 2022 2021 2022 2021 Investments in joint ventures-balance forward 106,032 100,568 60,824 60,824 Plus/(Less) Share of net profit of associates 7,096 5,464 - - (Less) Dividend - - - - Investments in joint ventures -balance ending 113,128 106,032 60,824 60,824 17.2 Detail of investments Unit : Thousand Baht Consolidated Financial Statements Company’s name Nature of business Paid - up capital Percentage of shareholding Cost method Equity method 2022 2021 2022 2021 2022 2021 2022 2021 (%) (%) Frasers Property Demco Power 6 Co., Ltd. Generation and supply electricity 5,000 5,000 49.00 49.00 2,450 2,450 3,709 3,605 Frasers Property Demco Power 11 Co., Ltd. Generation and supply electricity 4,000 4,000 49.00 49.00 1,959 1,959 2,874 2,806 Demco Power 15 Co., Ltd. Generation and supply electricity 5,500 5,500 51.00 51.00 2,805 2,805 3,567 3,579 Demco Power 16 Co., Ltd. Generation and supply electricity 5,500 5,500 51.00 51.00 2,805 2,805 3,979 4,793 Demco Power 17 Co., Ltd. Generation and supply electricity 5,500 5,500 51.00 51.00 2,805 2,805 4,689 4,860 Udon Thani Solar Power Co., Ltd. Generation and supply electricity 35,000 35,000 45.71 45.71 16,000 16,000 33,059 30,067 Indochina Green Energy Co., Ltd. Generation and supply electricity 35,000 35,000 45.71 45.71 16,000 16,000 31,586 28,994 Mekhong Green Power Co., Ltd. Generation and supply electricity 35,000 35,000 45.71 45.71 16,000 16,000 29,665 27,328 Total 60,824 60,824 113,128 106,032 Unit : Thousand Baht Consolidated Financial Statements Company’s name Share of net profit of associates For the years ended December 31 2022 2021 Fraser Property Demco Power 6 Co., Ltd. 104 231 Fraser Property Demco Power 11 Co., Ltd. 68 160 Demco Power 15 Co., Ltd. (12) 209 Demco Power 16 Co., Ltd. (814) 326 Demco Power 17 Co., Ltd. (171) 346 Udon Thani Solar Power Co., Ltd. 2,992 1,696 Indochina Green Energy Co., Ltd. 2,592 1,533 Mekhong Green Power Co., Ltd. 2,337 963 Total 7,096 5,464 Unit : Thousand Baht Separate Financial Statements Company’s name Nature of business Paid - up capital Percentage of shareholding Cost method Dividend income 2022 2021 2022 2021 2022 2021 2022 2021 (%) (%) 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 elec...
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. Purchase price allocation for Honduras and Guatemala 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 - Total Assets ............................................................................................ 1,615 1,850 234 Non-current financial liabilities .................................................................. 557 560 3 Current liabilities ....................................................................................... 152 152 - Total Liabilities........................................................................................ 709 712 3 Carrying value / Fair value of assets and lia...
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)
Investments in Joint Ventures. The Borrowers will not, and will not permit any Subsidiary to, make any Investment in any Joint Venture (other than Investments listed on Schedule V hereto (“Existing Investments”)) on any date if, immediately after giving effect to such Investment, the aggregate amount of all such Investments made by OSG and its Subsidiaries after December 31, 2010 would exceed 30% of Total Assets based on the most recent consolidated balance sheet of OSG (it being understand that at the time any Subsidiary ceases to be a Subsidiary, any remaining Investment in such Person held by the Borrowers and its Subsidiaries will be deemed an Investment in a Joint Venture in an amount equal to the Book Value of such remaining Investment).
