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. 13.1 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 June 30, 2020 As at December 31, 2019 As at June 30, 2020 As at December 31, 2019 As at June 30, 2020 As at December 31, 2019 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 and distribution 50 50 100,000 25,375 97,435 25,375 Held by Sahakarn Wisavakorn Company Limited 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: In Thousand Baht 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 AT Energy Solution Company Limited 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 ...
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 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 Unit : Thousand Baht Consolidated Financial Statements Company’s name Nature of business Paid - up capital Percentage of Cost method Equity method shareholding 0000 0000 0000 2020 2021 2020 2021 2020 (%) (%) 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 Unit : Thousand Baht Consolidated Financial Statements Company’s name Share of net profit of associates For the years ended December 31 2021 2020 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 Unit : Thousand Baht Separate Financial Statements Company’s name Nature of business Paid - up capital Percentage of shareholding Cost method Dividend income 2021 2020 2021 2020 2021 2020 2021 2020 (%) (%) 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 ele...
Investments in Joint Ventures. The Borrowers, the Corporate Guarantor and the New Corporate Guarantor acting individually or together shall not invest more than $10,000,000 in aggregate in any Joint Ventures of which any amounts in excess of $5,000,000 shall require the prior written consent of the Agent acting on the instructions of the Majority Lenders. For the avoidance of doubt, the $10,000,000 amount referred to above shall include all Joint Venture investments made on or after 27 March 2009.
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, 2022 As at December 31, 2021 As at March 31, 2022 As at December 31, 2021 As at March 31, 2022 As at December 31, 2021 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 96,769 102,839 TRC Utility Company Limited To produce and distributetap water 50 50 6,999 6,999 9,756 9,424 Held by Sahakarn Wisavakorn Company Limited SH Crossing Company Limited Construction service 51 51 20,400 20,400 23,444 23,704 Sahakarn Underground Joint Venture Construction service 50 50 200 200 1,413 546 Total 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: In Thousand Baht Separate financial statements Company's name Nature of business Shareholding percentage (%) Cost As at March 31, 2022 As at December 31, 2021 As at March 31, 2022 As at December 31, 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 109,375 109,375
Investments in Joint Ventures. Investments by Borrower or Guarantors in contemplated joint ventures in consideration of being established, aggregate investment amount not to exceed $100 million. Investments in Foreign Subsidiaries Investments in manufacturing facilities 37,500,000 Investments in distribution, sales, procurement & service centers 33,500,000 Investments in global systems upgrades 15,000,000 Investments by way of asset transfer associated with foreign branch of Guarantor into a non-guarantor subsidiary* 98,500,000 * These are assets that the lenders do not currently have a lien on, as they are located outside the U.S. SCHEDULE 8.05 TO CREDIT AGREEMENT
