Page 436 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure

Dividend income for the year 2020 2021 90 173 - - 40 1 95 214

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1 7 42
2020 Equity (in million Baht) 183 250 483
Consolidated financial statements 2021 2020 131 53 - 1 7 14 205 9 47 2 390 79

All associates were incorporated and mainly operate in Thailand, except for COL Vietnam Joint Stock Company
meeting of the Company on 19 December 2019. Additional, in the future, Porto Worldwide Limited has
by the Board of Directors’ meeting of the Company on 10 December 2019 and the Shareholders’
the right to swap its shares, in part or entirety, in GrabTaxi Holdings (Thailand) Co., Ltd. with the Class
During 2020, the Group made additional investments in MUJI Retail (Thailand) Co., Ltd. to increase
During 2021, the Group made additional investments in MUJI Retail (Thailand) Co., Ltd. to increase
A ordinary shares of Grab Holdings Limited which listed on the NASDAQ with the designated price
Co., Ltd. The acquisition is in accordance with the obligations stipulated in the SPA which was approved
In December 2021, the Group acquired 133,545,740 shares, equivalent to 67% of share capital of Porto
Worldwide Limited incorporated in Hong Kong for a consideration of Baht 4,452 million from a related
Porto Worldwide Limited which were incorporated and mainly operates in Malaysia and Hong Kong, respectively.
party, which became a joint venture between the Group and Central Pattana Public Company Limited
None of the Group’s and the Company’s associates and joint ventures are publicly listed and consequently they
All joint ventures were incorporated and mainly operate in Thailand, except for Morningbliss SDN. BHD and
(CPN). The purpose of this joint venture is to invest 40% shareholding in Grabtaxi Holdings (Thailand)
2021 Cost 53 2020 - 14 9 2 78
Consolidated 182 financial statements (in million Baht) - 20
Central Retail Corporation Public Company Limited and its Subsidiaries
Central Retail Corporation Public Company Limited and its Subsidiaries
Paid-up capital 2020 (in million Baht) 182 2021 4,452 (in million VND) 70 - 61,600 (in million Baht) 30 30 21 21 10 10
2021
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Ownership interest (%)
2020 28.89 48.68 49.60 50.41 24.00
2021 28.89 - 49.60 50.41 24.00

Type of business Retail Increase in share capital in MUJI Retail (Thailand) Co., Ltd. Retail Service Fashion Fashion share capital of 700,000 shares, amounting to Baht 70 million. share capital of 200,000 shares, amounting to Baht 20 million. 48

Notes to the financial statements For the year ended 31 December 2021 Notes to the financial statements For the year ended 31 December 2021 which was incorporated and mainly operates in Vietnam. Investments in associates and joint ventures do not have published price quotations. Direct associates Central Watson Co., Ltd. Material movements for the year ended 31 December Indirect associates Associate under “NKT New Solution and Joint

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436 Annual Report 2021 (Form 56-1 One-Report)