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 Company's name Nature of business equity method As at June As at December As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 30, 2020 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 50 50 100,000 25,375 97,435 25,375 and distribution Held by Xxxxxxxx Xxxxxxxxxx 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: Company's name In Thousand Baht Consolidated financial statements Shareholding percentage(%) Cost Carrying amounts based on 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, 31, 2020 31, 2019 31, 2020 31, 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 - - 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 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. 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 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).
Investments in Joint Ventures. The Borrowers will not, and will not permit any Subsidiary to, make any Investment in any Joint Venture (other than a Joint Venture substantially all of the business of which is the LNG business) 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 September 30, 2005 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).
