Page 160 - MONO_AR_2016_EN

11. Investment in a joint venture
11. Investment in a joint venture
In June 2016, Mono Technology Hong Kong Ltd. invested in a joint venture with another
In June 2016, Mono Technology Hong Kong Ltd. invested in a joint venture with another
company to establish Yunnan Mono Digital Technology Company Limited in China. This
company to establish Yunnan Mono Digital Technology Company Limited in China. This
company has a registered share capital of USD 8 million (62.5% called up).
company has a registered share capital of USD 8 million (62.5% called up).
As at 31 December 2016, details of this investment are as follows:
As at 31 December 2016, details of this investment are as follows:
Consolidated financial statements
(Unit: Million Baht)
(Unit: Million Baht)
Company’s name
Company’s name
Nature of business
Shareholding percentage
Consolidated financial statements
Carrying amounts based on
Consolidated financial statements
Cost - net
Carrying amounts based on
equity method
Company’s name
Nature of business
Nature of business
Shareholding percentage
Shareholding percentage
31 December 31 December
Cost-net
Cost - net
31 December 31 December
Carrying amounts based on
equity method
equity method
31 December 31 December
3311Deecember 2016
2016
2016
(%)
(%)
31Deecceembbeerr 2015
2015
2015
(%)
(%)
31 December
2016
31 December
2016
2016
31 December
2015
31 December
31 December
2016
31 December
2015
31 December
Provided information
Provided information
and entertainment
(%)
-
-
2015
2015
31 December
2016
2016
2015
2015
and entertainment
content
content
-
-
-
-
-
-
(%)
Technology Company 53
Yunnan Mono Digital
Yunnan Mono Digital
Technology Company
Limited 42
Limited 42
51
Total
53
51
53
51
Total
53
-
51 -
During the year ended 31 December 2016, the subsidiary has recognised its share of loss
During the year ended 31 December 2016, the subsidiary has recognised its share of loss
from investment in Yunnan Mono Digital Technology Company Limited totally Baht 2 million
from investment in Yunnan Mono Digital Technology Company Limited totally Baht 2 million
in the consolidated financial statements. This share of loss from investment in joint
in the consolidated financial statements. This share of loss from investment in joint
venture was calculated based on the financial statements prepared by the joint venture’s
venture was calculated based on the financial statements prepared by the joint venture’s
management.
management.
20
20
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