Page 450 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure

COL Public Company Limited and its subsidiaries 2020 - 10.50 - 1.50

2021 2020 10.00 6.00

Consolidated financial statements NKT New Solution and Technology Development Investment Joint Stock Company and its subsidiaries 2021 2020 (%) Consolidated 10.00 nancial statements 10.00 10.00 6.00 2020 6.00 (in million Baht) - 20

All joint ventures were incorporated and mainly operate in Thailand, except for Morningbliss SDN. BHD and
Porto Worldwide Limited which were incorporated and mainly operates in Malaysia and Hong Kong, respectively.
All associates were incorporated and mainly operate in Thailand, except for COL Vietnam Joint Stock Company

Central Retail Corporation Public Company Limited and its Subsidiaries
Quinam B.V. and its
subsidiaries
Central Retail Corporation Public Company Limited and its Subsidiaries

2021 fi 2021 6.00 The discount rate was a pre-tax measure estimated based on the historical industry average weighted-average cost of capital, with a possible debt leveraging of 75% at a market interest rate of 4.42% for la Rinascente S.p.A., a possible debt leveraging of 49.6% at a market interest rate of 4.65% for Quinam B.V. and its 4,452 subsidiaries, a possible debt leveraging of 67% at a market

9.00 0.50 of European countries in which the CGU operates. Other environmental costs are assumed to grow with inflation in other years.
la Rinascente S.p.A. None of the Group’s and the Company’s associates and joint ventures are publicly listed and consequently they 2020 2021 9.00 1.00 management’s estimate of the long-term compound annual EBITDA growth rate. In December 2021, the Group acquired 133,545,740 shares, equivalent to 67% of share capital of Porto Budgeted EBITDA was estimated taking into account past experience, adjusted as follows

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. do not have published price quotations. Material movements Discount rate for the year ended 31 December Terminal value growth rate Joint ventures Acquisition share capital in Porto Worldwide Limited Increase in share capital in MUJI R

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