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.
Appears in 1 contract
Samples: Independent Auditor’s Report
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 followsfollows : Consolidated financial statements Financial Statements Shareholding percentage(%) Cost Carrying amounts based on equity method Company's name Nature of business As at March 31September 30, 2021 As at December 31, 2020 As at March 31September 30, 2021 As at December 31, 2020 As at March 31September 30, 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 and distribution 50 50 100,000 100,000 97,495 97,499 97,266 TRC Utility Company Limited Water production and distribution 50 - 6,999 - 6,369 - SH Crossing Company Limited Construction service 51 51 20,400 20,400 22,331 22,930 23,741 Sahakarn Underground Joint Venture Construction service 50 50 200 200 146 279 201 Total 129,975 122,976 122,976 122,348 129,453 123,584 Investments in joint ventures in the separate financial statements which use the cost method are as follows: follows: Separate Financial Statements Company's name Nature of business Shareholding percentage (%) Cost As at March 31September 30, 2021 As at December 31, 2020 As at March 31September 30, 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 TRC Utility Company Limited Water production and distribution 50 - 6,999 - Total 109,375 102,376 102,376 On August 7, 201712.2 Share of profit (loss) During the three-month and nine-month periods ended September 30,2021 and 2020, the Board Company has recognised its share of Directors had a resolution to approve profit (loss) from investments in joint ventures in the Subsidiary to establish 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 SH Crossings Company Limited 57 221 - - AT Energy Solution Company Limited (643) 327 352 - Sahakarn Underground Joint Venture 62 67 - - TRC Utility Company Limited 160 - - - Total (364) 615 352 - 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 nine-month periods ended September 30, SH Crossings Company Limited (SHC811) with a registered capital (174) - - AT Energy Solution Company Limited (341) (2,238) 574 - Sahakarn Underground Joint Venture 78 68 - - TRC Utility Company Limited 160 - - - Total (914) (2,344) 574 - The Company has changed the status of 40 million baht (400,000 common shares with a par value of 100 baht per share) for investment in TRC Utility Company Limited from the construction of underground manhole and electrical conduit construction projectprevious subsidiary that it has control to the Joint venture since August 16, 2021 onwards. The Subsidiary’s share proportion was at 51%In the consolidated financial statements, totaling 203,998 shares with a par value of 100 baht per share. Since the Subsidiary and partner jointly participated Company has initially recognized the retained investment in the financial and operating policies therefore former subsidiary that it once has control at the Subsidiary classified SHC as a joint venture and recognize as equity method.fair value at Baht 24.84 per share in the total amount of Baht
Appears in 1 contract
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 (In Thousand Baht) Carrying amounts based on equity method (In Thousand Baht) Company's name Nature of business As at March 31, 2021 2023 As at December 31, 2020 2022 As at March 31, 2021 2023 As at December 31, 2020 2022 As at March 31, 2021 2023 As at December 31, 2020 2022 Sinopec-TRC Joint Venture Construction service 30 30 2,376 2,376 2,376 2,376 AT Energy Solution Company Limited Energy production anddistribution and distribution 50 50 100,000 100,000 97,495 97,266 89,354 90,334 TRC Utility Company Limited To produce and distribute tap water 50 50 12,999 12,999 15,480 15,238 SH Crossing Company Limited Construction service 51 51 20,400 20,400 22,331 23,741 14,482 15,225 Sahakarn Underground Joint Venture Construction service 50 50 200 200 146 201 - - XSENSE - OLIVE Joint Venture Data management and processing 40 40 40 40 870 818 EXPRESS WORLD TRACKING Joint Venture Data management and processing 30 30 300 300 635 - Total 122,976 122,976 122,348 123,584 136,315 136,315 123,197 123,991 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 (In Thousand Baht) As at March 31, 2021 2023 As at December 31, 2020 2022 As at March 31, 2021 2023 As at December 31, 2020 2022 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 TRC Utility Company Limited To produce and distribute tap water 50 50 12,999 12,999 Total 102,376 102,376 On August 7115,375 115,375 12.2 Share of profit (loss) During the three-month periods ended March 31, 20172023 and 2022, the Board Company has recognised its share of Directors had a resolution to approve profit (loss) from investments in joint ventures in the Subsidiary to establish 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, SH Crossings Company Limited (SHC743) with a registered capital (260) - - AT Energy Solution Company Limited (942) (5,837) (38) (233) Sahakarn Underground Joint Venture - 867 - - TRC Utility Company Limited 242 332 - - XSENSE - OLIVE Joint Venture 52 - - - EXPRESS WORLD TRACKING Joint Venture 635 - - - Total (756) (4,898) (38) (233) Movements of 40 million baht the property, plant and equipment account during the three-month period ended March 31, 2023 are summarised below. In Thousand Baht Consolidated financial statements Separate financial statements Net book value as at January 1, 2023 571,987 547,389 Acquisitions during the period - at cost 304 236 Disposal during the period - net book value at disposal date - - Write - off during the period - net book value at write - off date (400,000 common shares with a par value of 100 baht per share154) - Depreciation for the construction period (13,879) (13,321) Net book value as at March 31, 2023 558,258 534,304 As at March 31, 2023 and as at December 31, 2022, the Company has mortgaged land which has book value amounting to Baht 100 million with banks to be collateral against credit facilities received from the banks to the detail of underground manhole Note 15 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 method23.4.
Appears in 1 contract
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: Company's name In Thousand Baht Consolidated financial statements Shareholding percentage(%) Cost Carrying amounts based on equity method Company's name Nature of business venture As at As at As at As at As at As at For the three-month periods March December March December March December ended March 31, 2021 As at December 31, 2020 As at March 31, 2021 As at December 2019 31, 2020 As at March 31, 2021 As at December 2019 31, 2020 31, 2019 equity method Share of loss profit (loss) from investments in joint 2020 2019 Held by the Company Sinopec-TRC Joint Venture Construction service 30 30 2,376 2,376 2,376 2,376 AT Energy Solution - - Held by Sahakarn Wisavakorn 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 23,603 23,862 (259) 1,080 Total 122,976 122,976 122,348 123,584 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: Company's name Nature of business Shareholding percentage (%) Cost As at March 31, 2021 2020 As at December 31, 2020 2019 As at March 31, 2021 2020 As at December 31, 2020 2019 Sinopec-TRC Joint Venture Construction service 30 30 2,376 2,376 AT Energy Solution Company Limited Energy production and distribution 50 50 100,000 100,000 Total 102,376 102,376 On August 7, 20172,376 2,376 12.2 Share of profit (loss) During the periods, the Board Company has recognised its share of Directors had a resolution to approve profit (loss) from investments in joint ventures in the Subsidiary to establish 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 SH Crossings Company Limited (SHC259) with a registered capital 1,080 - - Total (259) 1,080 - - Movements of 40 million baht 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 (400,000 common shares with a par 100) - Write - off during the period - net book value of 100 baht per shareat write - off date (10) (8) Depreciation for the construction of underground manhole period (27,139) (24,224) Net book value as at March 31, 2020 570,224 547,955 As at March 31, 2020 and electrical conduit construction project. The Subsidiary’s share proportion was as at 51%December 31, totaling 203,998 shares 2019, the Company has mortgaged land which has book value amounting to Baht 100 million with a par value of 100 baht per share. Since banks to be collateral against credit facilities received from 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 methodbanks.
Appears in 1 contract
Samples: Independent Auditor’s Report
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 followsfollows : Consolidated financial statements Financial Statements Shareholding percentage(%) Cost Carrying amounts based on equity method Company's name Nature of business As at March 31June 30, 2021 As at December 31, 2020 As at March 31June 30, 2021 As at December 31, 2020 As at March 31June 30, 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 and distribution 50 50 100,000 100,000 97,495 97,790 97,266 SH Crossing Company Limited Construction service 51 51 20,400 20,400 22,331 22,873 23,741 Sahakarn Underground Joint Venture Construction service 50 50 200 200 146 217 201 Total 122,976 122,976 122,348 123,256 123,584 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 March 31June 30, 2021 As at December 31, 2020 As at March 31June 30, 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, 201712.2 Share of profit (loss) During the three-month and six-month periods ended June 30,2021 and 2020, the Board Company has recognised its share of Directors had a resolution to approve profit (loss) from investments in joint ventures in the Subsidiary to establish 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 SH Crossings Company Limited 542 (136) - - AT Energy Solution Company Limited 146 (969) 149 - Sahakarn Underground Joint Venture 71 1 - - Total 759 (1,104) 149 - 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 six-month periods ended June 30, 2021 2020 2021 2020 SH Crossings Company Limited (SHC868) with a registered capital (395) - - AT Energy Solution Company Limited 302 (2,565) 222 - Sahakarn Underground Joint Venture 16 1 - - Total (550) (2,959) 222 - Movements of 40 million baht the property, plant and equipment account during the six-month periods ended June 30, 2021 are summarised below. In Thousand Baht Consolidated Financial Statements Separate Financial Statements Net book value as at January 1, 2021 618,357 578,351 Acquisitions during the period - at cost 40,641 38,163 Disposal during the period - net book value at disposal date (400,000 common shares with a par 750) - Write - off during the period - net book value of 100 baht per shareat write - off date (23) (23) Depreciation for the construction of underground manhole period (27,888) (24,611) Net book value as at June 30, 2021 630,337 591,880 As at June 30, 2021 and electrical conduit construction project. The Subsidiary’s share proportion was as at 51%December 31, totaling 203,998 shares 2020, the Company has mortgaged land which has book value amounting to Baht 100 million with a par value of 100 baht per share. Since banks to be collateral against credit facilities received from the Subsidiary banks, as described in Note 15 and partner jointly participated in the financial and operating policies therefore the Subsidiary classified SHC as a joint venture and recognize as equity method24.4.
Appears in 1 contract
Samples: Independent Auditor’s Report
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 2022 As at December 31, 2020 2021 As at March 31, 2021 2022 As at December 31, 2020 2021 As at March 31, 2021 2022 As at December 31, 2020 2021 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 96,769 102,839 TRC Utility Company Limited To produce and distributetap water 50 50 6,999 6,999 9,756 9,424 SH Crossing Company Limited Construction service 51 51 20,400 20,400 22,331 23,741 23,444 23,704 Sahakarn Underground Joint Venture Construction service 50 50 200 200 146 201 1,413 546 Total 122,976 122,976 122,348 123,584 129,975 129,975 133,758 138,889 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 2022 As at December 31, 2020 2021 As at March 31, 2021 2022 As at December 31, 2020 2021 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 TRC Utility Company Limited To produce and distribute tap water 50 50 6,999 6,999 Total 102,376 102,376 On August 7109,375 109,375
12.2 Share of profit (loss) During the three-month periods ended March 31, 20172022 and 2021, the Board Company has recognised its share of Directors had a resolution to approve profit (loss) from investments in joint ventures in the Subsidiary to establish 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 SH Crossings Company Limited (SHC260) with a registered capital (1,410) - - AT Energy Solution Company Limited (5,837) 156 (233) 73 Sahakarn Underground Joint Venture 867 (55) - - TRC Utility Company Limited 332 - - - Total (4,898) (1,309) (233) 73 Movements of 40 million baht (400,000 common shares with a par the property, plant and equipment account during the three-month period ended March 31, 2022 are summarised below. In Thousand Baht Consolidated financial statements Separate financial statements Net book value of 100 baht per share) as at January 1, 2022 619,142 592,513 Acquisitions during the period - at cost 878 811 Disposal during the period - net book value at disposal date - - Write - off during the period - net book value at write - off date - - Depreciation for the construction period (13,449) (12,866) Net book value as at March 31, 2022 606,571 580,458 As at March 31, 2022 and as at December 31, 2021, the Company has mortgaged land which has book value amounting to Baht 100 million with banks to be collateral against credit facilities received from the banks to the detail of underground manhole Note 15 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.23.4
Appears in 1 contract
Samples: Independent Auditor’s Report
